Wave Financial: Launches NFT Fund

Wave Financial Launches NFT Fund

• Wave Financial LLC, a Los Angeles, CA-based investment advisor for digital assets, launched the Wave NFT Fund
• The fund seeks to invest in NFT’s, protocols, and platforms
• This includes elements of the emerging metaverse with gaming, sports and generative art being the focus
• WaveFinancial will evaluate NFTs with a blended approach using financial analytics while keeping the creators’ talent, value, and connection to the community a priority
• The fund may use machine learning to formulate pricing and valuation models for NFTs by studying the transaction data off the blockchain
• The launch of the Fund follows the recent growth in the NFT market: in Q1 2021, more than $2 billion traded in NFTs