CALGARY, Alta., January 21, 2022 /CNW/ – Accelerate Financial Technologies Inc. (“Accelerate“), a leader in alternative investment solutions, is pleased to announce the launch of Accelerate NFT Fund LP (“Accelerate NFT fund“), the first Web3 investment vehicle in Canada.
“Over the next few years, Web3, the next era of the Internet, will become a more pervasive aspect of our daily lives,” said Julien Klymochko, Founder and CEO of Accelerate. “NFTs, or non-fungible tokens, allow users to not just participate, but own Web3. We believe the most popular NFT collections could become the Google, Amazon, and Facebook of Web3.”
NFTs are a new type of crypto asset that combines digital art with blockchain and social media elements. A nascent $40 billion market, NFTs are a cultural phenomenon that derives its value from aesthetics, social proof, buy-in, network effects, brand building, and culture.
Accelerate NFT Fund will hold a diverse portfolio of “blue chip” NFTs, including collections such as CryptoPunks and Bored Ape Yacht Club.
“NFTs and Web3 are at the beginning of their growth cycle, analogous to the emerging bitcoin market in 2013. As the portfolio management team behind from Canada first bitcoin fund in 2017, we are excited to offer exposure to a nascent asset class with similar growth potential.”
Accelerate NFT Fund is available to qualified investors through subscription to a private placement with a $50,000 minimum investment and will initially be capped at $42.069 million.
About Accelerate Financial Technologies Inc.
Accelerating is one of from Canada the most innovative and fastest growing providers of alternative investment solutions, with a suite of institutional-grade alternative ETFs for investors seeking diversification and long-term performance.
Accelerate empowers investors. Learn more about www.AccelerateShares.com
WARNING: This press release does not constitute investment, legal or tax advice. Past performance does not represent future results. All data provided on this announcement should not be considered a recommendation or solicitation of an offer to buy or sell any securities or investment strategies. The information on this announcement is based on market conditions and may fluctuate and change without notice. Accelerate accepts no liability for any direct, indirect or consequential loss or damage suffered by any person arising from the reliance of any part of this press release and all liability is expressly disclaimed.
SOURCE Accelerate Financial Technologies Inc.
For further information: For Investor Inquiries: Contact Accelerate at 1-855-892-0740 (toll free), [email protected]; For media inquiries: Contact Michael Lee Hing, COO, Accelerate, (403) 975-5294, [email protected]