NFT
Advisory agency Teneo, the liquidator of bankrupt crypto hedge fund Three Arrows Capital (3AC), moved Starry Evening Capital’s greater than 300 NFTs yesterday.
In an announcement shared with The Block on Wednesday, Teneo stated, with the cooperation of pseudonymous NFT collector VincentVanDough (VVD), it’s now in possession of sure Starry Evening Capital NFTs — and that the remainder are being transferred to it.
Starry Evening Capital, an NFT funding fund, was launched in August 2021 by VVD and 3AC founders Su Zhu and Kyle Davies. Yesterday, for the primary time in 4 months, Starry Evening’s tackle witnessed a switch of greater than 300 NFTs — value 625 ETH (round $840,000) — to a brand new tackle.
Teneo stated VVD co-operated with the agency “in an effort to guard the worth of those property for the good thing about all related stakeholders and has sought to make sure that no Starry Evening Portfolio property can be disposed of improperly, or with out sanction of the BVI Court docket if required.”
Starry Evening’s portfolio consists of NFTs from collections corresponding to Uncommon Pepe, Fidenza, CrypToadz and works from creator XCOPY.
Teneo stated it is going to ultimately promote all of Starry Evening’s NFTs with the seemingly assist from VVD. “Extra particulars concerning the disposal course of will probably be shared at a later date,” it added. Teneo went on to say that if any investor of Starry Evening Capital is impacted by the matter, or has questions concerning the liquidation course of, ought to contact the agency.
Starry Evening had deliberate to lift $100 million on the launch of the fund in August. Roughly $45 million had already been raised by September, VVD advised The Block in an interview on the time.
VVD, Zhu and Davies have recognized one another for over a decade. “I’ve been buddies [with them] on a private degree exterior of crypto for ten years now, so I’ve recognized them for a very long time,” VVD stated on the time. His position in Starry Evening Capital was to curate NFTs and Zhu and Davies dealt with the remainder of the operations.