Miami family office backing NFT fund launch helmed by fine art collector
2022/02/25 09:07According to Blockworks, a fine art collector is laying the groundwork for an NFT fund for institutional investors with the backing of a Miami family office, Accretion Capital, according to two sources familiar with the matter.
Edward Burillo, who founded Accretion in 2013, plans to launch the vehicle sometime in the second quarter, the sources said. The fund plans to invest in short-term plays, including purchasing fresh NFT (non-fungible token) mints and related tokenomics projects, plus a medium-term approach that emphasizes trades based on market inefficiencies.
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