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.   Interpretation of this information: Jean Michel Pailhon, a former executive at cryptocurrency hardware wallet manufacturer, Ledger, is allegedly raising up to $25 million for the establishment…