VanEck, an investment firm and assets manager announced its entry into the Metaverse by launching the VanEck Community NFT which is made up of 1,000 nonfungible tokens (NFTs).
The VanEck Community NFT, which is based on the Ethereum network, includes an illustration of Alexander Hamilton, dubbed “Hammy,” as he travels across time and space in search of answers to questions about past, present, and future financial policy.
Through the collection, the New York-based investment management firm hopes it will be able to demonstrate the real-world utility of digital assets, as well as provide a venue for investors to learn more about digital assets. The following is a quote from the announcement’s press release:
“Our character ‘Hammy’ is going to be an outstanding guide for anyone interested in seeing the past, present and future of finance unfold.”
The drop will be divided into three categories: commons (750), rare (230), and legendary (20). Based on these three levels, each NFT owner will be entitled for a variety of unique benefits.
According to Matt Barlett, co-founder of VanEck Community NFT, the program is envisioned as a digital membership card that would allow consumers exclusive access to a range of events while also educating them about bitcoin assets.
The latest development comes less than three weeks after VanEck CEO Jan van Eck stated his enthusiasm for the “entire NFT phenomenon.”
According to reports, he suggested that blockchain technology would change Wall Street and that regulatory challenges were the reason for the slow adoption.
VanEck has a number of cryptocurrencies on the market. The asset management made headlines last year when the Securities and Exchange Commission (SEC) denied its proposal to launch the first Bitcoin (BTC) spot exchange-traded fund (ETF).
However, in November, it introduced the first Bitcoin futures exchange-traded fund in the United States, the Bitcoin Strategy ETF.