New York, Thursday, March 21, 2024 – Hivemind Capital Partners announced on March 13, 2024, the launch of the Digital Culture Fund, a collection of well-shaped generative art and digital culture that would highlight digital art trends. Institutional investors would be given this novel experience to unite with the surging market. 1
It is reported that Hivemind Capital planned to raise nearly $50 million for the fund. 2
The combination of AI and blockchain technology focusing on fine art would encourage the creation of a recognized market for art with accessible, interactive, and digitally native roots.
“With major art institutions like the MoMA, the LACMA, and the Centre Pompidou showing increasing interest in this domain, the digital art movement is on the cusp of a new era,” the source reported.
The growth of the digital art market is expected to accelerate with the investment of the Digital Culture Fund of Hivemind Capital, particularly in AI art and crypto culture.
The portfolio of significant artworks from famous artists in diversified cultures was collected by the Hivemind team to elaborate on the transition of digital and generative art.
“We see this pattern recurring with web3 technology, which is not only redefining how we interact with and invest in art but is giving rise to a broader digital native culture. Launching out of the UK, the Hivemind Digital Culture Fund is comprised of iconic pieces that represent and celebrate this shift… “Founder and Managing Partner at Hivemind, Matt Zhang, stated.
- Hivemind Capital: https://www.hivemind.capital/content/hivemind-capital-launches-digital-culture-fund-with-an-aim-to-institutionalize-blockchain-infused-digital-art-investing[↩]
- Hivemind Capital: https://www.binance.com/en/square/post/2024-03-14-hivemind-capital-partners-launches-digital-culture-fund-focused-on-art-and-blockchain-5367834335073[↩]
