GMoney And Delphi Digital Launch On Chain NFT Fund

GMoney and Delphi Digital have announced a new $5 million on-chain fund to invest in NFT projects. While it’s technically a “seed fund”, the investments will each be for approximately $250,000, most of which will be deployed within the first 4 months.

The types of projects the team plans to invest in includes NFT marketplaces, DAOs, social tokens, fractionalization, and NFT infrastructure. What’s particularly unique about this fund is the transparency that comes alongside it.

The deposits, cap tables, and distributions will all be done via smart contracts. This is being powered by Syndicate Protocol, which is working to set the standard for decentralized investing. This structure appears to dramatically reduce the overhead involved in setting up a fund. The previous company to do something similar was AngelList, with their Syndicates product.

I interviewed GMoney earlier this year after he had made a splash for buying a Cryptopunk for $180,000. That invested turned out to be a wildly smart one. Along with other crypto investments he now has the ability to double down, beginning with this investment fund.

The new fund also includes backing from IDEO CoLab Ventures, Gabby Dizon of Yield Guild Games, Andrew Steinwold of Serfimon, and many others. You can check out the fund details via the Delphi Infinft Syndicate page.