Former Ledger executive Jean-Michel Pailhon is raising a $25 million NFT art fund

ChainCatcher news, former Ledger executive Jean-Michel Pailhon is raising up to $25 million for an NFT art fund that will prioritize "culturally impactful" blockchain art. The fund aims to primarily attract non-native crypto investors, with a particular focus on institutions that already hold physical artworks and wish to engage with blockchain-based NFT art. As of last week, the fund has secured soft commitments of $2-3 million from private bankers and family offices.

It is reported that Jean-Michel Pailhon previously worked at the crypto wallet manufacturer Ledger for nearly 6 years and left last month. (source link)