22 November 2022 19:35, UTC
Studying time: ~2 m
A prolific NFT collector who goes by the pseudonym “Vincent Van Dough (VVD)” has launched a brand new NFT gallery referred to as Artwork of This Millennium.
AOTM is opening as we speak with 32 artists featured together with AlphaCentauriKid, Cath Simard, Claire Silver, Dmitri Cherniak, Deekay, Grant Yun, Isaac Wright (DrifterShoots), Different World and Sam Spratt, VVD informed The Block in a press release.
VVD’s new venture comes shortly after they needed to bid adieu to their NFT fund Starry Night time Capital, which had been launched final 12 months with Su Zhu and Kyle Davies, founders of the now-bankrupt crypto hedge fund Three Arrows Capital.
Starry Night time Capital had aimed to lift $100 million and picked up a whole lot of NFTs, however it needed to transfer all belongings to 3AC liquidator Teneo in October.
VVD was as soon as mates with Zhu and Davies, having identified them outdoors of crypto for over ten years. When requested if they’re nonetheless in contact with the 3AC founders, VVD mentioned they final had contact with them earlier than 3AC’s collapse was reported in June. VVD added that Zhu and Davies are “by no means” concerned with AOTM.
AOTM was arrange earlier this month, VVD mentioned, including that it was bootstrapped, which means it hasn’t raised exterior funds. As an NFT gallery, AOTM will supply providers resembling curation, advertising, promotion, gross sales, and organizing exhibitions. AOTM’s enterprise mannequin is commission-based, mentioned VVD, including that the startup will take a 15% reduce of any gross sales it helps facilitate, just like SuperRare.
There are at the moment six individuals working for AOTM, and VVD plans to rent extra individuals over the approaching months.
VVD has been within the crypto area since 2013, they informed The Block final 12 months in an interview. Their involvement with NFTs was as one of many authentic CryptoPunks claimers and one of many first CryptoKitties individuals. On the time, they owned over 2,000 NFTs and spent a bit of bit over $20 million on these items.
Right this moment, that quantity has grown to round 6,000 NFTs, they mentioned.