According to blockchain analytics platform Nansen, hundreds of NFTs have been moved from the Three Arrows Capital (3AC) linked fund to Gnosis Safe.
Singapore-based crypto hedge fund 3AC is among crypto companies that went bankrupt after the Terra ecosystem collapsed earlier this year. Starry Night Capital, the NFT-focused fund started by the co-founders of 3AC, completed an NFT move to a different address.
Three Arrows Capital Fund Moves 300+ NFTs to Gnosis Safe
Starry Night Capital, the Three Arrows Capital (3AC) affiliated fund, has moved more than 300 NFTs to a different address.
NFTs previously collected by Starry Night Capital, including “Pepe the Frog NFT Genesis” sold for 1,000 Ethereum (ETH), have been moved to Gnosis Sade, Nansen reported.
Founded last year by Su Zhu, Kyle Davies and NFT collector Vincent Van Dough, Starry Night Capital planned to invest only in the most desirable NFTs on the market. The total value of the Starry Night Capital collection is estimated to be around $35 million.
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