Tron Foundation, APENFT Launch $100M Fund for NFT Projects

The fund will offer artists support and guidance as well as advice on copyright protection and other legal aspects.

Nov 3, 2021 at 4:37 p.m. UTC
Updated Nov 3, 2021 at 5:10 p.m. UTC

Justin Sun’s Tron Foundation has joined with APENFT, a non-fungible token (NFT) marketplace, to launch a $100 million fund to support NFT projects and digital artists.

  • The Art Dream fund aims to collect “meaningful stories and catalyze financial and cultural inclusion in the metaverse,” said APENFT, which operates on the Tron blockchain founded by Sun.
  • The metaverse is an environment generated by the convergence of virtual worlds, augmented reality and internet services.
  • Artists will receive support and guidance from the Tron Foundation and APENFT, including advice on copyright protection and other legal aspects.
  • The first theme for submissions is “Second Life.” The fund is calling for digital talents to apply by creating digital artworks exploring the Second Life in a digital parallel universe.
  • The two firms have cooperated before: In August, the Tron Foundation announced it had partnered with APENFT and WINKLink to launch the $300 million Tron Arcade fund, which will invest in so-called GameFi projects over the next three years.

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Tanzeel Akhtar is a CoinDesk news reporter based in the UK.