Spencer Ventures has closed a $4.5 million fund to invest in NFTS

Spencer Ventures, an NFT crypto fund, has raised $4.5 million from more than 30 investors in Chicago and the Midwest, Blockworks reported on September 27. Institutions looking to increase their exposure to digital assets are turning to NFTS, according to Spencer Gordon-Sand, founder and fund manager at Spencer Ventures, which looks at highly liquid collectibles and has deployed only 20% of total capital so far.

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