VanEck to Launch NFT Collection This Week

Investment manager VanEck will be launching an NFT collection this week.

The VanEck Community NFT collection will feature 1,000 non-fungible tokens, divided into three tiers of rarity, and follow the story of a fictional character based on Alexander Hamilton.

VanEck has more than $85 billion in assets under management.

VanEck would be dropping its VanEck Community NFT collection in collaboration with the South Korea-based NFT company NUMOMO.

The collection will include 1,000 NFTs launched on Ethereum and is meant to “showcase the real-world utility inherent in the NFT structure.”

The NFT project will be placed within the world of the fictional character named Hammy, who is modeled after Alexander Hamilton, a founding father of the United States.

The VanEck NFTs will be airdropped. VanEck, possibly to get in front of potential regulatory concerns, is framing the NFTs as gifts to those who sign up.

The firm also noted that those who hope to sell the non-fungible token should not sign up, and it emphasized the market, volatility, and regulatory uncertainty risks to NFT and crypto holders.