NFT - Justin Sun launches Fund to try to compete with Ethereum network

NFT - Justin Sun launches Fund to try to compete with Ethereum network

By Simplify Crypto | Simplify Crypto | 30 Mar 2021

The creator of blockchain Tron, Justin Sun, has announced that he will create a Fund to invest in non-fungible tokens (NFTs).

The Fund will be called JUST NFT.

Justin Sun is an NFT enthusiast and always participates in auctions of famous artists on the sales platforms of this class of tokens.

Justin made the announcement on his Twitter account and also on the Tron Foundation blog.

In the report, Sun said he would prioritize arts that are valued at a minimum price of $ 1 million.

But Sun intends to take higher steps and aims to buy works much more valuable than this.

This is because Sun believes that investing in the “first-line” NFTs and famous artists will be arts that will endure over time and can be valued in the future.

Sun has already acquired some NFTs from renowned artists, such as the Ocean Front work by the artist Beeple.

Justin also tried to take Beeple's "Everydays: The First 5,000 Days" NFT, but missed the auction at the last second when user Metakovan covered Sun's bid with a higher price.

The Tron network also manages to originate NFTs, however, it is still little used.

Thus, Sun intends to support in 1: 1 the works in NFT acquired with the project JUST NFT.

Certainly Sun's main intention with this endeavor is to compete with the Ethereum network in the production of NFTs.

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Simplify Crypto
Simplify Crypto

Trying to help people to understand the crypto world from the basic concepts to the crypto projects purpose. My articles are publish in Publish0x and Hive

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