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
