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VanEck will launch digital asset fund VanEck PurposeBuilt Fund

Online reports that asset management company VanEck announced plans to launch a private digital asset fund called VanEck PurposeBuilt Fund this month. The fund is expected to be managed by VanEck's Digital Assets Alpha Fund (DAAF) team and will focus on the Avalanche blockchain ecosystem, investing in tokenized Web3 projects in industries such as gaming, financial services, payments and artificial intelligence, as well as investing in projects with long-term token utility during the Token Generation Event (TGE) phase.

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