{"id":1944,"date":"2022-10-07T01:49:33","date_gmt":"2022-10-07T01:49:33","guid":{"rendered":"https:\/\/nftmetta.com\/?p=1944"},"modified":"2022-10-07T01:49:35","modified_gmt":"2022-10-07T01:49:35","slug":"hundreds-of-nfts-moved-from-three-arrows-fund-tracker-says","status":"publish","type":"post","link":"https:\/\/nftmetta.com\/hundreds-of-nfts-moved-from-three-arrows-fund-tracker-says\/","title":{"rendered":"Hundreds of NFTs Moved From Three Arrows Fund, Tracker Says"},"content":{"rendered":"\n

October 7, 2022<\/p>\n\n\n\n

By Sharan Kaur Phillora<\/p>\n\n\n\n

It\u2019s the first time the NFTs have been transferred since the main crypto wallet belonging to Starry Night Capital shifted almost all of the digital tokens to a new address about four months ago. <\/p>\n\n\n\n

Here\u2019s what we know: <\/strong><\/p>\n\n\n\n

According to a tweet from crypto analytics firm Nansen, NFTs belonging to Starry Night Capital\u2014a fund established by Three Arrows Capital and pseudonymous collector Vincent Van Dough in 2021\u2014are being moved into a new wallet<\/u><\/a>\u2014specifically a Gnosis Safe account.<\/p>\n\n\n\n

A Gnosis Safe is an extra-secure Ethereum wallet that requires multiple signatures to approve transactions. All told, 383 Ethereum NFTs have been moved into the new wallet as of this writing, while the previous wallet<\/u><\/a> still contains 80 NFTs. Most of the NFTs were moved last night.<\/p>\n\n\n\n

Some notable NFTs collected by Starry Night Capital include artist Matt Furie\u2019s Pepe the Frog Genesis NFT for $3.5 million worth of ETH and a trio of NFTs from pseudonymous artist XCOPY that ranged in price from $1.4 million to $2.3 million worth of ETH. Starry Night also holds multiple CryptoPunks, Rare Pepes, and other notable collectibles.<\/p>\n\n\n\n

Su Zhu and Kyle Davies, the co-founders of Three Arrows, started Starry Night Capital during the height of the nonfungible token craze last year. They\u2019ve since been sparring with the court-appointed liquidators charged in June with unwinding their assets. <\/p>\n\n\n\n

Three Arrows, which operated from Singapore until earlier this year, collapsed after the implosion of the Terra algorithmic stablecoin in May sent cryptocurrencies tumbling.<\/p>\n\n\n\n

Zhu and Davies also didn\u2019t immediately respond to a request for comment Tuesday.<\/p>\n\n\n\n

About the author<\/strong><\/strong><\/p>\n\n\n\n

Sharan Kaur Phillora\u2019s thirst for knowledge has led her to study many different subjects, including NFTs and Blockchain technology \u2013 two emerging technologies that will change how we interact with each other in the future. When she isn\u2019t exploring a new idea or concept, she enjoys reading literary masterpieces.<\/p>\n","protected":false},"excerpt":{"rendered":"

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