Novogratz: Galaxy Digital Starts NFT Collection with CryptoPunk

Galaxy Digital Holdings now has a non-fungible token (NFT) collection, according to a tweet from CEO Mike Novogratz on Friday.

article-image

CryptoPunk 8466

share

key takeaways

  • The cryptocurrency firm manages roughly $3.1 billion in assets, according to a filing on Wednesday
  • Galaxy Interactive, an affiliate of Galaxy Digital, raised $325 million for a second fund to invest in non-fungible tokens and interactive gaming last month

Galaxy Digital Holdings now has a non-fungible token (NFT) collection, according to a tweet from CEO Mike Novogratz on Friday.  

“We started a $GLXY NFT collection,” Novogratz said, with an image attached of a recently purchased CryptoPunk.

The firm did not immediately get back to Blockworks’ request for comment. However, Richard Kim, a general partner at Galaxy Digital, confirmed the NFT collection in a subsequent tweet.

CryptoPunk #8466 was sold six days ago for roughly $439,651.80 worth of Ether, according to Etherscan.

Loading Tweet..

Novogratz said that in 10 years NFTs will “completely [change] the way we interact,” adding that the assets “don’t necessarily only have to be art. It’s just a non-fungible token that can have personal data on it.” 

“It can be money like bitcoin. It can be Quentin Tarantino’s scripts, gorgeous art or even someone’s song. It’s something digital [that] you can’t counterfeit and you know it is unique because it’s on the blockchain,” he said at the NFT.NYC conference on Tuesday. 

However, this isn’t Galaxy’s first foray into digital collectibles.

Galaxy Interactive, an affiliate of Galaxy Digital, raised $325 million for a second venture fund, dedicated to NFTs and interactive gaming, Blockworks reported in October. 

Loading Tweet..

Outside of Galaxy, Novogratz has been deploying capital into the NFT ecosystem for the past several months. In June, he was announced as co-founder of Candy Digital, a new NFT start-up. Following a $100 million Series A funding round in October, the digital collectibles company is now valued at $1.5 billion. 

“Our [digital] wallets are going to be like our bank accounts. They’re going to have our healthcare records, our Bitcoin, our NFTs and our opera tickets,” Novogratz said. “That’s the future we’re going towards and it’s happening faster than most of us can imagine.”

Galaxy Digital Asset Management, an affiliate of Galaxy Digital, reported preliminary assets under management (AUM) of $3.15 billion on Tuesday for the period ending on October 31. Their AUM was up from $2.22 billion from the month prior. 

Galaxy Digital (GLXY) is up 5.87%, trading at $32.07 per share by market close.

Tags

Upcoming Events

Javits Center North | 445 11th Ave

Tues - Thurs, March 18 - 20, 2025

Blockworks’ Digital Asset Summit (DAS) will feature conversations between the builders, allocators, and legislators who will shape the trajectory of the digital asset ecosystem in the US and abroad.

recent research

Unlocked by Template.png

Research

RTK networks are critical to enabling a world of ubiquitous autonomous drones, vehicles, and industrial robots. We believe the GEOD token enables both a cost and product advantage for the GEODNET RTK network, which will allow it to out-compete multi-billion dollar incumbents Trimble and Hexagon.

article-image

MicroStrategy founder Michael Saylor alluded to Marathon’s CEO during a X Spaces on Tuesday

article-image

Crypto’s calls are equally as juiced as puts, creating a “smile” in the volatility surface

article-image

Turns out that owning the end-user via a crypto wallet is quite a prosperous business

article-image

The announcement followed growing speculation that Gensler would announce his exit before Trump takes office next year

article-image

HashKey Capital’s Jupiter Zheng highlighted three success areas he’s watching: Ethereum, Solana and certain tokens in DeFi

article-image

Jack explored the various AI and memecoin projects that have sprung up over the past month