NFT
A prolific NFT collector who goes by the pseudonym “Vincent Van Dough (VVD)” has launched a brand new NFT gallery referred to as Artwork of This Millennium.
AOTM is opening at present with 32 artists featured together with AlphaCentauriKid, Cath Simard, Claire Silver, Dmitri Cherniak, Deekay, Grant Yun, Isaac Wright (DrifterShoots), Different World and Sam Spratt, VVD instructed The Block in an announcement.
VVD’s new undertaking comes shortly after they needed to bid adieu to their NFT fund Starry Night time Capital, which had been launched final 12 months with Su Zhu and Kyle Davies, founders of the now-bankrupt crypto hedge fund Three Arrows Capital.
Starry Night time Capital had aimed to lift $100 million and picked up a whole bunch of NFTs, but it surely needed to transfer all property to 3AC liquidator Teneo in October.
VVD was as soon as pals with Zhu and Davies, having recognized them outdoors of crypto for over ten years. When requested if they’re nonetheless in contact with the 3AC founders, VVD stated they final had contact with them earlier than 3AC’s collapse was reported in June. VVD added that Zhu and Davies are “by no means” concerned with AOTM.
AOTM was arrange earlier this month, VVD stated, including that it was bootstrapped, that means it hasn’t raised exterior funds. As an NFT gallery, AOTM will supply providers comparable to curation, advertising, promotion, gross sales, and organizing exhibitions. AOTM’s enterprise mannequin is commission-based, stated VVD, including that the startup will take a 15% reduce of any gross sales it helps facilitate, much like SuperRare.
There are at present six folks working for AOTM, and VVD plans to rent extra folks over the approaching months.
VVD has been within the crypto house since 2013, they instructed The Block final 12 months in an interview. Their involvement with NFTs was as one of many unique CryptoPunks claimers and one of many first CryptoKitties members. On the time, they owned over 2,000 NFTs and spent slightly bit over $20 million on these items.
At this time, that quantity has grown to round 6,000 NFTs, they stated.