Justin Sun launches the JUST NFT Fund for NFT art valued at over $1 million

Tron founder Justin Sun has launched the JUST NFT Fund to back artists and NFT artworks valued at $1 million or more.

He also plans to hire a ‘top-tier artist’ as chief advisor.

“JUST NFT Fund aims to become a pioneer in registering world-class artworks on the blockchain,” Sun said.

The fund’s first NFT was the painting ‘OCEAN FRONT’ by Michael Winkelman, known by the pseudonym Beeple. On March 23, Sun bought an NFT for $6 million.

What is an NFT?

Nifty’s, a social media platform for NFT collectors and creators, completed a pre-seed funding round with participation from billionaire Mark Cuban and Ethereum co-founder Joseph Lubin.

Read ForkLog’s Bitcoin news in our Telegram — cryptocurrency news, prices and analysis.