Following the monumental growth of NFTs in 2021, more NFT funds and collector DAOs are launching. Below is a non-exhaustive list of publicly known NFT funds and collector DAOs. (The list will be updated intermittently.)
Investors can track these funds and DAOs to generate insights on:
- sentiment over a given NFT collection;
- the maturity of a given NFT sector (e.g. music, photography, on-chain art); and
- the amount of capital that will soon enter the NFT market.
Unsurprisingly, most NFT funds and collector DAOs invest in blue-chip NFTs. As more of them launch, increased demand will presumably drive blue-chip NFTs’ floor prices higher, and trickle-down benefits may flow to lower-priced NFTs.
Related: What Are Non-Fungible Tokens (NFTs)?
As of Jun. 20, 2023, the below tables consist of 27 NFT investment funds and 15 collector DAOs.
NFT Investment Funds
Collector DAOs
| DAO | Notes & Links |
| Flamingo | • Estimated portfolio value exceeded $1B in Feb. 2022 Website / Twitter / 0xcf…c0f0 |
| NEON DAO | • Focus: Metaverse Website / Twitter / 0x9d…95a0 |
| Fingerprints DAO | • Focus: Smart contracts used as art Website / Twitter / 0xbC…C76B |
| Poseidon NFT DAO | • No focus on a specific NFT category Website / Twitter / 0xbE…9f00 |
| ReidarDAO | • No focus on a specific NFT category Linktree / Twitter / 0x8e…6c77 |
| Arts DAO | • No focus on a specific NFT category • Representing the “largest Web3 community in the Middle East.” Website / Twitter / 0xA1…eEA8 |
| PalmDAO | • An NFT treasury within Nifty Island Website / Twitter / 0xE4…4fe0 |
| NoiseDAO | • Focus: Music NFTs Website / Twitter / 0xd7…32bf |
| RAW DAO | • Focus: Photography NFTs Website / Twitter / 0xF9…7A10 |
| GrailersDAO | • Focus: Generative art and Art Blocks NFTs Website / Twitter / 0x63…1E38 |
| UpsideD∀O | • No focus on a specific NFT category • “Europe’s leading Web3 investment DAO.” Twitter / 0xf4…AE13 / 0xbe…E541 |
| Mutant Cats DAO | • No focus on a specific NFT category Website / Twitter / 0xb2…e606 |
| The Collective DAO | • No focus on a specific NFT category Website / Twitter / 0x3e…c837 |
| Davinci DAO | • Collector and investment DAO on Solana Website / Twitter |
| Le DAO | • On-chain art DAO on Solana Website / Twitter |
Other Alternative Sources of Demand for Blue-Chip NFTs
There are also several DAOs that, among other things, accumulate NFTs from a given collection. Some examples:
- SquiggleDAO owns 275 Squiggles. (Etherscan)
- Monster DAO collects works by Des Lucréce. (Etherscan)
- Proofer DAO collects NFTs tied to the PROOF ecosystem. Owns 4 PROOF Collective NFTs, 5 Grails and 17 Moonbirds. (Etherscan)
- ProofGrails DAO collects Grails. Owns 20 Grails. (Etherscan)
- SharkDAO collects Nouns. Owns 6 Nouns. (Etherscan)
- Floorbirds DAO collects Moonbirds. Owns 1 Moonbird. (Etherscan)
- PunksDedDAO collects floor Punks, agnostic of traits and rarity. Owns 2 Punks as well as 2 Moonbirds. (Etherscan)
Additionally, with NFTs and DeFi converging, alternative sources for blue-chip NFTs are growing. An example here is FloorDAO, where $gFLOOR holders intermittently vote on which NFT collection to sweep and add to the treasury. (See Nathan’s member post (Mar. 26, 2022) to learn about FloorDAO.)
Lastly, non-crypto-native companies and organisations have started buying NFTs over the past 2 years. Some examples:
- Visa bought a CryptoPunk in Aug. 2021.
- adidas Originals bought Bored Ape #8774 (aka Indigo Herz) and is using it for branding.
- KPMG Canada bought a World of Women NFT in Feb. 2022.
- Twitter went on a buying spree in January 2022—albeit, it bought no blue-chip NFTs.
- AriZona Iced Tea amassed a sizable NFT collection, including a Bored Ape.
- New Zealand Rugby Commercial bought 33 World of Women Galaxy NFTs in Oct. 2022.
Want to know more about NFT investing? Watch Matt and Nathan’s NFT investing workshop and Q&A.