Hivemind Capital Is Raising $50 Million for a New NFT Fund

With nonfungible tokens attempting a comeback amid the latest crypto renaissance, Hivemind Capital Partners is seeking to raise at least $50 million for a fund dedicated to the intersection of digital art and blockchain.

The New York-based investment firm has already secured about half of its target for the investment vehicle, which is called the Hivemind Digital Culture Fund, according to founder and managing partner Matt Zhang. The firm plans to continue fundraising during the rest of 2024 before deploying the capital over the next three years.

Return Zero

Source: Tyler Hobbs/Hivemind Capital

In the past few months, Hivemind acquired “all of the crown ...