bankrupt three arrows capital’s 7 NFTs were sold at auction site Sotheby’s for $2.5 million.
In the crashes of the cryptocurrency market, billions of dollars of assets evaporated. Companies affected by these collapses went bankrupt and faced an obligation to pay their creditors. from bankrupt companies Three Arrows Capitalis trying to sell its assets to meet its payment obligation.
Finally three arrows capital, sotheby’s7 NFTs via 2.5 million Sold for dollars. This NFTOne of them was paid $1 million.
Three Arrows Capital’s NFTs Revealed
Bankrupt crypto company three arrows capitalto 7 NFTs of 2.5 milliondollars paid.
Cryptocurrency hedge fund three arrows capital , Luna and TerraUSD were affected by the collapses and went bankrupt. The company, which later entered the liquidation process, continues to sell assets to fulfill its obligation to pay its creditors. Teneo, one of the court-appointed liquidators, NFTHe said his auctions were part of the liquidation process.
7 units sold at Sotheby’s as part of the liquidation process NFT, 2.5 million found a buyer for the dollar. From these NFTs Fidenza #725 The asset received an offer of over $1 million. your whole sale 50 percentshare of this NFThas undertaken.
DappRadar‘according to Fidenza #725 was purchased in 2021 for $341,000. Also, The Block was holding a total of $22 million in NFT assets on the day the company went bankrupt.
Market turmoil and the heaviness of the bear market may have caused these NFTs to lose value as well.
