Much to the dismay of many members of the NFT community, one of the core team members behind the NFT project Moonbirds has launched out to start his own NFT-focused fund.
Moonbirds, an NFT collection of 10,000 owl avatars, instantly became a hit in the NFT community. Launched on April 16, the project raked in $66 million on mint and surpassed 100,000 ETH in trading volume in just a few days. However, the project’s Chief Operating Officer Ryan Carson has now left the company to launch a new fund called 121G.
121G describes itself as “the fund you wish you could go back in time and invest in,” and according to the venture’s website, the current NFT landscape is a “historic opportunity.”
99 spots will be open to investors, with a quarterly subscription fee of 25 ETH. Investors must also subscribe for a minimum of one year, meaning that the fund will generate at least 9,900 ETH (or around $27.7 million) from interested parties.
Although the fund will not launch until next month, Carson shared the company’s website on Twitter (NYSE:TWTR) on Monday, adding that he was “blown away by the interest” it had received so far.
The site for 121G, my NFT fund, is now live https://t.co/PRpngWKTE0I've been blown away by the interest with 80+ folks asking for more information.Thank you!