Nonfungible token, or NFT, investment house Sfermion has appear a secondary funding raise of $100 meg — appropriately titled Fund Ii — from a number of established cryptocurrency investors including British billionaire Alan Howard, American entrepreneur Chris Dixon, Gemini co-founders Cameron and Tyler Winklevoss, and venture capital firm Digital Currency Group, amongst others.

Whereas predecessor Fund I focused solely on NFT investment opportunities, vii-figure Fund Two will be utilized to "accelerate the emergence of an open up, decentralized metaverse" through strategic investments.

Founded in 2022 by Andrew Steinwold, Sfermion is intent on identifying and investing in emerging projects, technologies and individuals within the NFT space who seek to innovatively accelerate the ecosystem's development. Their list of previous investments includes the likes of industry leaders OpenSea, alongside SuperRare, Artblocks and Yield Order Games, to proper noun a few.

1 of the participants of this funding circular, and general partner at Andreessen Horowitz, Chris Dixon, shared his perspective on the potential impact that Sfermion could have on the NFT space:

"NFTs are transforming digital experiences and creating new investment opportunities across a variety of decentralized marketplaces. Sfermion is well-positioned to succeed past leveraging Andrew'due south deep feel and insightful perspective on the NFT markets."

Related: Axie Infinity, Decentraland and 'metaverse' cryptos rally later Facebook rebrands to Meta

Facebook's corporate rebranding from a social media empire to a metaverse organization final week sparked furious debate in the crypto community as to whether the visitor'southward previous sit-in of principles and morale practices across their consortium of platforms imply they can be trusted in building such an immersive virtual technology.

While mainstream headlines remained relatively neutral on the topic, the broad consensus of inhabitants in the crypto sphere swayed negatively. Alexandria Ocasio-Cortez passionately tweeted her feelings, while popular NFT trader Josh Ong shared his thoughts: