Alan Howard and CMT Digital Support Metaverse-centered $100M Fund

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Investment company Sfermion has raised $100 million for a new fund whose goal is to accelerate the emergence of a decentralized metaverse by investing in infrastructure.

Strategic investors include billionaire Alan Howard, Chris Dixon, Marc Andreessen, Cameron and Tyler Winklevoss, Matthew Roszak, and Animoca Brands.

Sfermion has previously launched Fund I, which is focused on direct investment in the non-fungible token (NFT) industry. The new Fund II “aims to create a robust investment portfolio that supports the development of the metaverse,” the company said.

Andrew Steinwold, managing partner of Sfermion and host of the Zima Red podcast, said:

“We created this fund based on the notion that NFT is a Trojan horse for mass adoption of cryptocurrency and the next multi-million dollar industry.”

He has added the company intends to invest through stock and token deals. According to him, the fund will partially focus on projects that create the NFT infrastructure.

At the moment, Sfermion has invested in more than 40 companies including OpenSea and SuperRare.

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