VanEck, one of the largest global investment management firms, is making a grand entrance into the metaverse space with the launch of its NFT collection. The mammoth investment firm handles assets worth over $82 billion. On May 02, 2022, they announced that they were launching the VanEck Community NFT, therefore making them the first-ever global asset manager to launch an NFT collection.
The VanEck Community NFT is a collection of 1000 non-fungible tokens (NFTs) that will live on the Ethereum blockchain. One thousand holders who wish to have early access to research and information on specific types of investment opportunities will receive the NFTs in an event called NFT drop. Holders of the NFTs will take part in both real and virtual events organized by the VanEck firm.
The NFT collection features a character called “Hammy,” inspired by Alexander Hamilton, one of the pioneers of the modern financial system. According to VanEck, Hammy is deeply rooted in the blockchain ecosystem, including DeFi, metaverse, and Bitcoin. He will be one of the main characters in the VanEck metaverse.
The VanEck NFTs will be dropping this week (week of May 2, 2022) and also after that. The NFTs will arrive in the wallet addresses of those who decide to participate in the NFT drop. VanEck said in reply to a tweet that they would be airdropping the NFTs for free to Ethereum addresses that participated.
According to Matthew Barttlet, the Head of Internal Sales and co-founder of the VanEck Community NFT, the firm will, later on, incorporate the power of Unreal Engine 5build more high-quality avatars for the VanEck metaverse. Hence, whatever NFT you get on the drop will transform into your Metaverse avatar.
This launch comes at a time when NFTs use cases are rapidly evolving. NFTs have grown from just digital art to play-to-earn assets, collectibles, and also real estate. With NFTs creeping into real-world utility, VanEck aims to corner the market while it’s still young. The NFTs will initially serve as a digital membership card that will give early access to holders. The NFTs are classified as common, rare, and legendary.
Non-fungible tokens are easy to understand. They continue to pique the interest of more individuals and companies alike around the world. VanEck seeks to continue being a leader in the financial services sector, which means the company has to research, identify, and invest in upcoming promising technologies.
NFTs present an opportunity to tap into an investment opportunity of the future. However, unlike traditional finance, this paradigm shift is literally paying you to join in and try it. Blockchain and all its aspects is going to revolutionalize finance like never before. It will be interesting to see how this $82 billion mammoth Metaverse will grow. Will VanEck launch a metaverse token for their Metaverse on a more speculative end? Only time will tell.
To participate in the NFT drop, head over to the VanEck portal page and sign up.
Vincent Munene is a freelance writer and a great blockchain enthusiast. Blockchain has changed his life in terms of financial freedom and in return, he likes to educate people and keep them up to date on everything blockchain. He is a Biochemist by profession and also loves to play the piano.