Non-fungible tokens (NFTs) belonging to Starry Evening Capital, a subsidiary of collapsed Three Arrows Capital (3AC), have been moved to a Gnosis protected handle, Nansen tweeted on Oct. 4.
NFTs beforehand collected by Starry Evening Capital are transferring to a Gnosis Protected handle.
These NFTs embrace:
– Pepe the Frog NFT Genesis, offered for 1,000 ETH (~$3.5M) on Oct 5, 2021
– Fidenza #718, offered for 240 ETH (~$1.1M) on Nov 13, 2021Another notable NFTs beneath👇 pic.twitter.com/8PU13CqMnn
— Nansen 🧭 (@nansen_ai) October 4, 2022
Starry Evening Capital is a $100 million NFT-focused fund launched in 2021 by Three Arrows Capital founders Kyle Davies and Su Zhu, together with NFT collector Vincent Van Dough. On the time, its purpose was to purchase the highest NFTs available in the market.
NFTs on the transfer
In response to obtainable info, over 300 NFTs within the handle related to the fund have been moved to a brand new handle. Some widespread NFTs moved to the brand new handle embrace Pepe the Frog NFT Genesis, which it purchased for 1,000 ETH (~$3.5M).
Different notable NFTs moved by the handle embrace Fidenza #718, Some Different Asshole, DANKRUPT, DECAY, and Pudgy Penguins. These NFTs beforehand offered for 200 to 500 ETH. Nansen said that the remaining NFTs within the handle have a mixed worth of 625 ETH ($847,000) on the time of the report, with 89% having low liquidity.
7/ Their present estimated portfolio worth* is 625 ETH, with 89% of the NFTs having low liquidity (lower than 35 gross sales within the final 7 days)
*24H median value, or 7D the place no gross sales within the final 24H
Supply:https://t.co/Ky8QrH3cfl pic.twitter.com/aZykqEOSqS
— Nansen 🧭 (@nansen_ai) October 4, 2022
The vacation spot pockets, a Gnosis protected handle, now comprises 463 gadgets, in line with OpenSea knowledge. In the meantime, there are nonetheless questions on the place the remainder of the NFT funds went, provided that Starry Evening Capital spent $35 million on digital belongings, in line with Dune Analytics.
Whereas it’s unclear who’s behind the transfers, the transfer solutions questions surrounding the whereabouts of 3AC NFTs because it went bankrupt in July.
3AC liquidation
3AC founder Zhu had expressed fear over the opportunity of jail time period over the liquidator’s misrepresentation. In response to Zhu, the liquidators have misled the Singapore excessive court docket concerning the construction of 3AC and the function he and Davies performed within the system.
In the meantime, the court-appointed liquidator, Teneo, has solely gained management of round $40 million of 3AC’s belongings and the energy to safe and liquidate them in Singapore.
