3AC liquidators to promote some NFT holdings

    Three Arrows Capital (3AC) liquidators Teneo mentioned it might start the gross sales of some non-fungible tokens (NFTs) belonging to the bankrupt crypto hedge fund, in line with a Feb. 22 assertion.

    Teneo revealed that the aim of the gross sales was “to realize the value of the NFTs for the purposes of the liquidation.” It added that the gross sales would start throughout the subsequent 28 days.

    Teneo mentioned the sale wouldn’t have an effect on the “Starry Night Portfolio,” which is at the moment “subject to an application before the Eastern Caribbean Supreme Court in the High Court of Justice in the British Virgin Islands.”

    The Starry Evening Portfolio contained over 300 NFTs that have been moved right into a Gnosis Protected handle in October 2022. The portfolio belonged to an NFT-focused 3AC subsidiary Starry Evening Capital which was launched in 2021 with the assistance of NFT collector Vincent Van Dough.

    In the meantime, a analysis analyst at 21co, Tom Wan, mentioned some potential NFTs to be bought included CryptoPunks, Bored Ape, Otherdeeds, Autoglphys, and so on.

    3AC was one of many several crypto corporations that capitulated up to now yr. The liquidators have accused the hedge fund’s co-founders — Su Zhu and Kyle Davies — of being uncooperative.

    The publish 3AC liquidators to promote some NFT holdings appeared first on CryptoSlate.

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