Justin Sun Unveils Fund for 'Top-Notch' NFT Art Worth at Least $1M

The fund will only accept NFT art pieces with a price tag of at least $1 million.

AccessTimeIconMar 29, 2021 at 10:15 a.m. UTC
Updated Aug 19, 2021 at 8:23 a.m. UTC

Presented By Icon

Election 2024 coverage presented by

Stand with crypto

Justin Sun, founder of Tron, has showed his continued interest in non-fungible tokens with the announcement of a JUST NFT Fund for artwork priced at least $1 million.

  • The fund will only accept non-fungible token art pieces with a price tag of at least $1 million and will seek to have works with a median value of $10 million.
  • JUST NFT’s first work will be the Ocean Front NFT artwork by Beeple, which Sun bought for $6 million on March 23.
  • The cryptocurrency entrepreneur tweeted Monday that the JUST NFT Fund “aims to be the ARK Funds in the NFT space to register world-class artworks on the blockchain.”
  • Sun has been particularly active in the NFT artwork space of late, beaten by MetaKovan to the purchase of the Beeple NFT listed by Christie’s earlier this month.
  • Bitcoin Mining in the U.S. Will Become 'a Lot More Decentralized': Core Scientific CEO
    13:18
    Bitcoin Mining in the U.S. Will Become 'a Lot More Decentralized': Core Scientific CEO
  • Binance to Discontinue Its Nigerian Naira Services After Government Scrutiny
    05:10
    Binance to Discontinue Its Nigerian Naira Services After Government Scrutiny
  • The first video of the year 2024
    04:07
    The first video of the year 2024
  • The last regression video of the year 3.67.0
    40:07
    The last regression video of the year 3.67.0
  • Disclosure

    Please note that our privacy policy, terms of use, cookies, and do not sell my personal information have been updated.

    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. CoinDesk has adopted a set of principles aimed at ensuring the integrity, editorial independence and freedom from bias of its publications. CoinDesk is part of the Bullish group, which owns and invests in digital asset businesses and digital assets. CoinDesk employees, including journalists, may receive Bullish group equity-based compensation. Bullish was incubated by technology investor Block.one.


    Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.



    Read more about