Bankrupt 3AC raises $2.5 million via NFT auction – Cryptopolitan


The auction for non-fungible tokens (NFTs) from the bankrupt Singaporean cryptocurrency hedge fund, Three Arrows Capital (3AC), concluded on May 19, generating an impressive $2.5 million. Sotheby’s, the renowned fine arts broker, facilitated the auction, which featured notable collectibles such as Tyler Hobbs Fidenza #725, Larva Labs Autoglyph #187, and Tyler Hobbs Fidenza #861. The highest-selling piece was Tyler Hobbs Fidenza #725, fetching a remarkable $1 million.

3AC auctioned the NFTs on Sothebys marketplace

Following the news, Kyle Davies, co-founder of 3AC, expressed enthusiasm, noting the rising value of NFTs in the market. He wrote, “NFT grails mooning on Sothebys, WorldCoin scanning millions of eyeballs, Aptos the next Solana 3AC Portfolio is on [Fire].” Before the auction, Davies had posted “Farewell sweet Goose,” alluding to the commencement of the event.

Meanwhile, co-founder Su Zhu shared his observations, stating, “Sent a few of them the Sothebys auction results, and the response is crickets,” in response to inquiries from journalists regarding the…

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