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A wallet linked to the now-bankrupt hedge fund Three Arrows Capital (3AC) has completed a purchase of a non-fungible token (NFT) due to an offer made three years ago that had not been canceled.
Blockchain firm Arkham’s data reveals that the Ethereum-based NFT in question is “Neon Village” by artist Seerlight.
The purchase was made for 20 ETH, which was approximately $58,196 at the time of the transaction. The NFT illustrates a scene from the Ninja Village series, showing ninjas enjoying ramen on a roof.
The offer for the “Neon Village” NFT was made by 3AC nearly three years ago, in August 2021. The offer had been held in escrow by the marketplace SuperRare since then.
Three Arrows Capital filed for bankruptcy in July 2022. Its wallets are now managed by the liquidation firm Teneo. Since taking control, Teneo has auctioned off a substantial NFT collection amassed by the defunct company through Sotheby’s, in a series of sales labeled “Grails.”
Part one of the auction brought in $2.5 million, featuring notable pieces such as works by CryptoPunks, Tyler Hobbs, and Larva Labs.
In part two of the sale, the total raised reached $11 million, with Dmitri Cherniak’s “Ringers #879 (The Goose)” NFT selling for an impressive $5.4 million. This sale marked the second-highest price ever achieved for a piece of generative art.
More recently, part five of the sale garnered nearly $1 million, showcasing top-selling NFTs from collections like Bored Ape Yacht Club and Pudgy Penguins.
