High Profile NFT Collection Moved from 3AC Wallet Amid Bankruptcy Proceedings – BeInCrypto

Last year, a non-fungible token (NFT) fund created by Three Arrows Capital co-founders has now seen many of its digital art assets moved to another wallet.

On Oct. 4, crypto insights and analysis firm Nansen reported that more than 300 NFTs had been moved from the Starry Night Capital collection to a Gnosis Safe address. However, the actual figure may be much higher.

Starry Night Capital was a $100 million NFT-focused fund co-founded by 3AC executives Su Zhu and Kyle Davies and NFT collector Vincent Van Dough in August 2021. It planned to invest in “the most desired” NFTs on the market at the time.

Nansen highlighted some of the notable NFTs that were on the move. They ranged in price from $1 million to $3.5 million in ETH when sold during the crypto bull run of late 2021.