Three Arrows Capital is separating from its NFT collections

Three Arrows Capital’s (3AC) long descent into hell seems to be nearing its end. Shortly after the delivery of his judicial liquidationthe infamous 3AC investment fund is forced to part with his possessions. Among them are numerous collections of non-fungible tokens (NFT). Some of which have already migrated to a third party wallet.

Three Arrows Capital has been one of the best known and most popular cryptocurrency investment funds on the market. Unfortunately, it went bankrupt several months ago. Particularly following a huge investment in the Earth ecosystem, which, as you can imagine, cost him heavy losses. The company will therefore never be able to recover.

However, it has been more than a month and a half since the liquidation order was issued by the Singapore High Court. And since then, 3AC has been gradually separating from its assets. The fund contained many collections of non-fungible tokens. Collections held through the hedge fund Capital of the starry night, also failed. The latter, created by 3AC in 2021 with a collector who goes by the name of Vincent Van Dough, really has a huge collection. It must be said that he had bought hundreds of them, not really counting the expenses. And despite his finances, he still had plans to raise $ 100 million to invest in “NFT works of art and collectibles”. ”


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3AC – NFT collections already in motion

Starry Night Capital is currently moving the company’s (large) collection of NFTs. Some arrived in the third party wallet overnight from Tuesday to Wednesday.

And according to a Twitter statement from the company Nansencollections are migrated to a wallet Gnosis. This is a wallet ” safe ” ultra secure as it requires multiple signatures to approve transactions. Also according to Nansen, this same wallet would have already received it 383 Ethereum NFT from Starry Night Capital. And there would still be 80 of the same type in the old one.

3AC – What is the content of the NFT collection?

From what we know, it has several more or less known NFTs. First, the fund created under the impulse of Three Arrows Capital had decided to acquire, for its first purchase, a Art Block ringtones NFT of the artist Chernyak for a total value of $ 5.66 million in ETH.

So the fund bought the NFT Genesis of Pepe the frog of the article Matt Furiathis time for the modest sum of 3.5 million ETH, plus a trio of the artist’s NFTs XCOPIA for an estimated value between 1.4 million and 2.3 million ETH. In addition to these first purchases, the fund also holds several CryptoPunk And Rare peppers. Just think that there is something for all tastes and for all prices. Something to delight the new owners!

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