that more than 300 NFTs associated with the defunct crypto hedge fund Three Arrows Capital , have been moved into a new address.
Starry Night Capital, the fund launched by 3AC founders to look after the digital art front of their business, transferred several high-profile NFT collections from an address linked to the fund to a Gnosis Safe address.users to have complete self-custody over funds and digital assets.The NFTs in question were originally acquired for prices that ranged from $1 million to $3.5 million. Pepe the Frog NFT Genesis, bought for 1000 ETH in 2021 and worth roughly $3.
Other transferred NFTs include Fidenza #718, bought for 240 ETH on 13 November 2021, XCOPY DANKRUPT acquired for 469 ETH on 24 October 2021, XCOPY DECAY acquired for 345.69 ETH on 5 December 2021.bought for 25 ETH on 3 October 2021 and Pudgy Penguin #6869from Nansen, the portfolio of this once high-profile collection is now estimated to be around 625 ETH. The majority of the NFTs have low liquidity.
. The fund started with a $100 million capital for investing exclusively in the NFT space, with the aim of acquiring “the most desired” NFTs available at the time.
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