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Justin Sun, founder of TRON, announced the establishment of JUST NFT Fund for artwork priced at least $1 million.
- The fund will only accept non-fungible token (NFT) art pieces with a price tag of at least $1 million and will seek to have works with a median value of $10 million.
- JUST NFT’s first work will be the Ocean Front NFT artwork by Beeple, which Sun bought for $6 million on March 23.
- The cryptocurrency entrepreneur tweeted Monday that the JUST NFT Fund “aims to be the ARK Funds in the NFT space to register world-class artworks on the blockchain.”
- Sun has been particularly active in the NFT artwork space of late, beaten by MetaKovan to the purchase of the Beeple NFT listed by Christie’s earlier this month.
