Nizzar Ben Chekroune

Work · Deep case

Unlimitart

I founded a digital-art collecting fund in 2021 on the strength of my own collection. It raised $2.7M from investors who came in through one another.

Nizzar Ben Chekroune founded Unlimitart in 2021, one of the early funds dedicated to collecting digital art, built from his own collection. It raised $2.7M from private investors who came in through one another and ran through the full market cycle to 2023. The trust it created led to a separate advisory engagement with Dubai Holding on tokenomics and real-estate tokenization.

Relationship
Founder
Role
Founder; curation and investment decisions
Period
2021 – 2023
Where
On-chain · remote
With
Unlimitart
Attribution
Founder

A collection before a fund

Unlimitart started as my own collection. I had been buying digital art on conviction, with my own money, and I had a record of choices that other people could look at. In 2021 I turned that collecting into a fund: a wallet dedicated to digital art, one of the early ones of its kind.

The order matters. The fund did not create the judgment. The judgment existed first, in public, on-chain, and the fund gave it a structure that could hold other people's capital.

It was the same year I joined the founding board of Arts DAO, a Web3 art and culture community. Collecting, the communities around artists and the capital behind them were already the same conversation for me.

One investor, then others

I expanded the collection and brought in a first investor. That investor brought additional private investors. Omar Karim was among them. Unlimitart raised $2.7M this way.

After the first, each investor came through someone who already trusted the collection, which meant every new one was also a test of whether the previous one had been right to vouch for it. Capital that arrives by recommendation is quieter than capital that arrives by pitch, and less forgiving.

What the investors were buying

Nobody gave Unlimitart money to get exposure to a market. That was available to anyone with a wallet. They were buying selection: which artists, which works, which collections, at what moment, and what to leave alone.

That changed the nature of my own collecting. A purchase was no longer a matter of taste alone. It had to be defensible to people who had trusted me with their money, and the curation had to work as an investment thesis as well as a point of view on art. Holding both at once is the discipline the fund asked of me.

It also meant saying no more often than yes. Every work the wallet did not buy was a decision the investors never saw and still benefited from.

Through a full cycle

Unlimitart ran from 2021 to 2023. That window covers the expansion of the digital-art market and its reversal. A fund that only knew how to buy in a rising market would not have finished the cycle well.

Inside the fund the rule never changed: buy only what you can defend to the people whose money it is.

Results, kept apart

The fund raised $2.7M. The investors made money through their investments in the wallet. My result was what that trust made possible next.

I keep those apart on purpose. A fund's numbers say nothing about whether people who came in on someone's word would come in again. In Unlimitart's case they did, and that is what turned a fund into a reputation.

The same judgment, in other hands

Unlimitart was not the only place that judgment was tested. I introduced Stan Wawrinka to NFTs and advised him on what to buy, when to sell and what to avoid. I guided Charly Palmer and Dr. Karida Brown as they built their collection, including the purchases I talked them out of.

The fund was the version where the same discipline carried pooled capital, with a structure and investors to answer to. The advice to individuals and the decisions inside the wallet came from one way of reading the market.

The mandate that followed

Trust built inside the fund led to work outside it. I advised Dubai Holding on tokenomics and on the tokenization of real estate, as a separate engagement that ran from October 2021 to June 2023. The advisory proposed smart-contract mechanisms through which a property could generate royalties on later sales, so that its value was not exhausted by a single transaction.

The distance between the two is shorter than it looks. A digital-art wallet and a property portfolio raise the same question once ownership is recorded on-chain: how value is held, transferred and shared over time, and who is paid when it moves.

That engagement has its own record. It belongs here because it shows the sequence this case is about: judgment created trust, trust brought capital, and the way that capital was handled opened a strategic mandate with a large institution.

What I take forward

I can put money where my judgment is and carry other people's with it. Unlimitart was a curatorial point of view turned into a fund, financed by investors who came through each other. The clearest return on it was being asked to think about real-estate tokenization for Dubai Holding.

People

Omar Karim
· Investor

Sources

  • Dubai HoldingStrategic adviser on tokenomics and real-estate tokenization
  • Stan Wawrinka / BallmanI advised Stan before Ballman launched, again when its first mint fell short, and on Web3 and the offers made to his name.
  • Charly Palmer · Dr. Karida Brown · In The PaintCharly Palmer and Dr. Karida Brown were moving into digital art. I guided their collecting, their projects and the architecture of Dope Ass Frens.
  • BananaConfA recurring meeting point for builders, brands, artists and communities, developed through BananaCorp.
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