• Novogratz: Galaxy begins NFT collection with CryptoPunk

  • Galaxy Digital Holdings now has a collection of non-forgeable tokens (NFTs), according to a Friday tweet from CEO Mike Novogratz.

    “We started the $GLXY NFT collection,” Novogratz said, with a picture of his recently purchased CryptoPunk.

    In 10 years, Novogratz said, NFTs will “completely [change] the way we interact,” adding that the assets “don’t have to be only art. It’s just an unforgeable token that can have personal data on it.”

    “It can be money like Bitcoin. It can be a Quentin Tarantino script, gorgeous art, or even someone’s song. It’s a digital thing, [it’s] something you can’t fake, you know it’s unique because it’s on the blockchain,” he said at Tuesday’s NFT.NYC conference.

    However, this isn’t Galaxy’s first foray into digital collectibles.

    Galaxy Interactive, a subsidiary of Galaxy Digital, raised $325 million for a second venture fund dedicated to NFTs and interactive games.

    Outside of Galaxy, Novogratz has been deploying capital to the NFT ecosystem for the past few months (at least.) In June, he was announced as a co-founder of Candy Digital, a start-up NFT startup. The digital collectibles company is now valued at $1.5 billion after closing a $100 million Series A round in late October.

    “Our [digital] wallets will be like our bank accounts. They will have our medical records, our bitcoins, our NFTs and our opera tickets,” Novogratz said.” That’s the future we’re heading toward, and it’s happening faster than most of us can imagine.”

    Galaxy Digital Asset Management, an affiliate of Galaxy Digital, on Tuesday reported preliminary assets under management (AUM) of $3.15 billion as of Oct. 31. That AUM was up from $2.22 billion the previous month.

    Galaxy Digital (GLXY) rose 5.87% to trade at $32.07 per share.

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