Justin Sun, one of crypto’s most controversial figures, has his sights set on the NFT market.
Justin Sun Launches JUST NFT
Justin Sun, the founder of the TRON blockchain, is setting up an NFT fund.
Sun posted an open letter on the TRON Foundation blog and his personal Twitter earlier this morning, outlining his plans to capitalize on the rapid growth of the NFT market.
(1/2) I’m thrilled to announce to you all the official establishment of the #JUST NFT Fund and the Plan to hire a top tier artist as the chief NFT advisor of JUST #NFT Fund.
Join us now in the marvelous adventure navigated by JUST #NFT!https://t.co/WCh7rSTfxn pic.twitter.com/q4J0nmQ8Di
— Justin Sun🌞 (@justinsuntron) March 29, 2021
He said that the fund hopes to be “the ARK Funds in the NFT space to register world-class artworks as NFTs on blockchain.”
Sun went on to say that the fund would target art pieces worth at least $1 million and with a median value of $10 million because those are the most likely to “stand the test of time.”
The fund will feature major art players, including affiliates of Christie’s and Sotheby’s. According to his Twitter post, the fund will also take on a “top tier artist” for a Chief NFT advisor role.
The announcement marks the latest in a series of clear moves from Sun to engage with the NFT market.
Earlier this month, rumors circulated that Sun had won the auction …
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