Justin Sun Unveils Fund for 'Top-Notch' NFT Art Worth at Least $1M

The fund will only accept NFT art pieces with a price tag of at least $1 million.

AccessTimeIconMar 29, 2021 at 10:15 a.m. UTC
Updated Sep 14, 2021 at 12:33 p.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

Justin Sun, founder of Tron, has showed his continued interest in non-fungible tokens with the announcement of a JUST NFT Fund for artwork priced at least $1 million.

  • The fund will only accept non-fungible token art pieces with a price tag of at least $1 million and will seek to have works with a median value of $10 million.
  • JUST NFT’s first work will be the Ocean Front NFT artwork by Beeple, which Sun bought for $6 million on March 23.
  • The cryptocurrency entrepreneur tweeted Monday that the JUST NFT Fund “aims to be the ARK Funds in the NFT space to register world-class artworks on the blockchain.”
  • Sun has been particularly active in the NFT artwork space of late, beaten by MetaKovan to the purchase of the Beeple NFT listed by Christie’s earlier this month.

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. In November 2023, CoinDesk was acquired by Bullish group, owner of Bullish, a regulated, institutional digital assets exchange. Bullish group is majority owned by Block.one; both groups have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary, and an editorial committee, chaired by a former editor-in-chief of The Wall Street Journal, is being formed to support journalistic integrity.


Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.


Read more about