Three Arrows Capital, On Brink Of Bankruptcy, Holds Several Blue Chip NFTs
Most capital business sectors have offered little courtesies this year for speculative financial backers. The NFT market hasn’t been saved from crypto’s mayhem, which has prompted the ruin of previous top 10 tokens, CeFi stage show, and mutual funds breakdowns headlined by Three Arrows Capital – which once had a generally $10B AUM prior this year.
Less than seven days since petitioning for financial protection in the province of New York, it’s presently been uncovered that Three Arrows Capital has a pack of blue-chip NFT property, which could in all likelihood be sold in 3AC’s liquidation proceedings.
Let’s plunge into what those NFTs are, and where the street could lead from here.
Three Arrows Capital: NFT Holdings
A group of experts at 21Shares took openly accessible information from Dune Analytics and constructed their own dashboard of known 3AC addresses with Ethereum network possessions. Those resources incorporate almost twelve CryptoPunks, generally $2.5M worth of ArtBlocksCurated, an assortment of ArtBlocks, Autoglyphs, Chromie Squiggles and Mutant Apes – and, surprisingly, a solitary Bored Ape. The assortment of CryptoPunks are the most significant, coming in at an ongoing worth north of $3M. NFT resources complete north of $7M in the present value.
Other insights and notes from the dashboard:
Just fluid, Ethereum-based resources are reflected
Past NFTs, 3AC was basically holding stablecoins in these wallets
No exchanges posted since June 21
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