Sfermion Closes $100M NFT Fund
- Sfermion, a Chicago, IL-based investment firm focused on the non-fungible token (NFTs) ecosystem, closed its second venture fund, at $100M
- Backers included Alan Howard, Chris Dixon, Marc Andreessen, Cameron and Tyler Winklevoss, Matthew Roszak, Digital Currency Group, CMT Digital, and Animoca Brands
- Fund II will build a portfolio of investments that underpin the development of the metaverse and the environments that will form it
- The platform is an NFT investor which aims to accelerate the emergence of an open, decentralized metaverse by supporting companies working to develop its infrastructure
- The firm invests across the entire non-fungible capital stack, focusing on three types of investments – early-stage venture equity, tokens, and direct NFTs
