JPEG

JPEG Fund is a venture fund based in South Pasadena, California, United States, specializing in blockchain and NFT-related investments, targeting the evolving digital asset landscape. The fund has raised $15 million from a single investor, deploying capital into the blockchain technology, NFT, and creator economy sectors, with a focus on early-stage opportunities. It is co-managed by Adam Ludwin, who co-founded blockchain infrastructure firm Chain (acquired by Stellar in 2018), and Luke Miles, co-founder of the Restocks marketplace. Ludwin and Miles also launched Context, a social media application for discovering NFTs and following artists and collectors, further demonstrating their engagement in the Web3 space. JPEG Fund I GP was incorporated in October by co-managers Adam Ludwin and Luke Miles. Its business model centers on raises capital from investors to deploy into blockchain and NFT opportunities, as evidenced by a $15 million raise from a single investor.