Justin Sun of Tron presented his project to bridge the Blockchain and its artists through the just NFT Fund

Justin Sun of Tron presented his project to bridge the Blockchain and its artists through the just NFT Fund

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Tron founder Justin Sun has announced the launch of an NFT-focused fund in his latest venture towards the growing unalterable token space (NFT).

Justin Sun, chief executive of TRON and BitTorrent, redoubled his efforts on the NFT by announcing a designated fund. Dubbed the just NFT Fund, the fund aims to bridge the gap between the latest craze in the blockchain space and artists looking to release their own unalterable tokens.

Sun's NFT Fund

Justin Sun and his blockchain-based projects worked on the ongoing NFT craze. As well as bidding mind-boggling amounts on various NFT projects, the Sun has also partnered with celebrities such as actress Lindsay Lohan to publish private collection collections on its platform .

Earlier today, The Sun announced its latest venture into the subject, called the JUST NFT Fund . Its mission is to improve” NFT development and the transfer of the world's best artworks to the blockchain."

SUN also promised that the new product would help its project become “the best performing ARC Fund in the NFT industry” by building a bridge between blockchain and artists.

The fund said the minimum value of an artwork would be worth at least $ 1 million, while the median price would be $ 10 million, The Sun noted.

"I BELIEVE THAT THE VALUE OF THE ART MARKET IS DETERMINED BY LEADING ARTISTS AND WORKS, AND THAT ONLY ARTISTS AT THE TOP OF THE PYRAMID CAN RETAIN THEIR VALUE AND INCREASE IT OVER TIME.”

Collaborations with celebrities and artists

The statement added that the new initiative plans to invite some of the best-known artists to do art consulting for the fund. By doing so, Sun aims to address a growing problem among NFT participants.

According to the sun, by reaching the mainstream, the ongoing NFT craze has led to lower-quality artworks entering the fray.

To avoid such flaws, the just NFT Fund has set a threshold for the selection of works of art based on “long-term market value probability."Naturally this means that Sun's venture will seek to steer clear of possible short-term speculative NFTS.

TRON had previously partnered with MixMarvel to bring the latter's blockchain agnostic game ecosystem and tokenized game interface to Tron's network.

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