No spot Bitcoin (BTC) ETFs, so it will be NFTs! – The VanEck Company is a New York-based investment management firm. She gradually specialized in exchange-traded funds (ETFs). However, after listing its Bitcoin (BTC) futures ETF, the Securities and Exchange Commission (SEC) objected to the listing of its spot ETF involving physical ( spot) BTC . VanEck is returning to the limelight with a non-fungible token (NFT) project.
VANECK WILL RELEASE A COLLECTION OF NFTS
Investment management company, VanEck plans to launch a collection of 1,000 NFTs to take the plunge into the metaverse. The collection called “ VanEck Community NFT” will be launched on the Ethereum network . This collection will revolve around a caricature of a Founding Father of the United States, Alexander Hamilton nicknamed “Hammy”. To create this collection, VanEck partnered with South Korean NFT design company called NUMOMO .
Furthermore, the purpose of this collection is to provide a community for VanEck investors and to demonstrate the utility of digital assets , but also to educate cryptocurrency holders. VanEck Community NFT co-founder JP Lee spoke about this upcoming collection in a press release:
“Our NFTs will all feature stunning 3D avatars and narrative-style videos that will help create a real sense of history and stimulate discussion, debate and community. Our character “Hammy” will be an exceptional guide for anyone wishing to see the evolution of the past, present and future of finance.
THE ROADMAP FOR THE VANECK COMMUNITY NFT COLLECTION
The collection will include 3 levels of rarity :
- 750 common NFTs
- 230 NFT rares
- 20 Legendary NFTs
Each type of NFT will provide different access to events and benefits offered by VanEck. For example, the benefits could be: early access to VanEck’s leadership , exclusive access to the party organized by the company or even a lunch with Jan van Eck , the CEO of VanEck.
The NFTs will be sent to the wallets during the week of May 2, 2022 to the lucky ones who have registered for the drop. At the end of May, the NFTs will turn into their final version. Thereafter, NFT holders will be able to follow the Company’s NFT-related communications via email , Twitter , or YouTube.
Moreover, just a month ago the VanEck company gave a good dose of opium to crypto enthusiasts! Indeed, according to the company’s analysts, Bitcoin (BTC) could become the next global reserve asset and predicts a price range between $1.3 million and $4.8 million.