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

Justin Sun, founder of TRON, announced the establishment of JUST NFT Fund for artwork priced at least $1 million.

• The fund will only accept non-fungible token (NFT) 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.

See also: Jack Dorsey’s First Tweet Sells for $2.9M