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Former Ledger Executive Raising Millions for NFT Art Fund

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Former Ledger Executive Raising Millions for NFT Art Fund

According to reports, Jean Michel Pailhon, a former Ledger executive, is raising up to $25 million for an NFT art fund. The fund will give priority to blockchain art with “cultural influence”. The fund hopes to mainly attract non encrypted local investors, paying special attention to institutions that already hold physical artwork in their offices and want to access blockchain based NFT artwork.  

Jean Michel Pailhon, a former executive at Ledger, raised $25 million for the NFT Art Fund

Analysis based on this information:


Reports indicate that former Ledger executive Jean Michel Pailhon is currently in the process of raising up to $25 million for an NFT (Non-Fungible Token) art fund. The fund is specifically designed to give priority to blockchain art that has “cultural influence” and seeks to attract local investors – particularly those who are not experienced in the crypto market.

The idea behind the fund is to allow institutions that already have physical artwork in their offices to have access to blockchain-based NFT artwork. This would give collectors the opportunity to expand their collections without having to leave their offices.

NFTs are digital assets that are one-of-a-kind, which can be used to represent ownership of art, music, or other creative works. These digital assets are stored on blockchain technology that makes them transparent, secure, and non-fungible. By using a blockchain-based system, NFTs can provide ownership and authenticity of digital art in a secure and immutable manner.

The NFT art market has seen significant growth in the past year, with many art pieces selling for millions of dollars. The auctioning of NFT art at Christie’s “First 5000 Days” sold for a whopping $69 million, highlighting the potential for investment in the space.

Pailhon’s fund will focus on art with cultural influence, which may include pieces from emerging artists, as well as established ones. It is hoped that this fund will help to increase exposure and support for artists who might not have previously had access to the traditional art world.

With the NFT art market booming and millions of dollars being spent on digital artwork, it is no surprise that investors are looking to get involved. By investing in an NFT art fund, collectors can help support artists and grow their own collections while enjoying the benefits of blockchain technology.

In conclusion, the NFT art market continues to be a lucrative space for investors and artists alike. By focusing on art with cultural influence and attracting local investors, Pailhon’s fund has the potential to help support a wider range of artists and increase accessibility to blockchain-based art.

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