Global asset manager VanEck is placing a huge bet on Avalanche with the planned launch of its private digital assets fund dubbed “VanEck PurposeBuilt Fund.” The asset manager noted that the fund will focus on Avalanche-based businesses as well as support the launch of tokens built for long-term utility. Set to go live in June, the new fund is designed for accredited investors looking to back utility-driven Web3 projects. VanEck Avalanche Fund to Focus on DeFi, AI, RWA The VanEck Avalanche fund will focus on thriving sections of the Web3 market, including payments, artificial intelligence (AI), gaming, DeFi, and RWA. According to the asset manager, the fund will target venture-backed projects and liquid tokens, focusing on or after their token generation event (TGE). Source: X VanEck says the Avalanche fund will embrace a fundamentals-first approach. This means it won’t rely on short-term momentum as an investment factor. Instead, it will… Read More at Coingape.com

The post VanEck to Launch New Fund on Avalanche to Back Gaming, DeFi appeared first on CoinGape.

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