<br><div><figure class="caas-figure"><div class="caas-figure-with-pb" style="max-height: 540px"><div><div class="caas-img-container" style="padding-bottom:56%;"><img class="caas-img has-preview" alt="" src="https://s.yimg.com/ny/api/res/1.2/u6Zv0djdHT9NwN9CNQwHQg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTU0MA--/https://media.zenfs.com/en/forkast_news_articles_672/0a3aa36b252b4fd2b499abbc75a23d63"/></div></div></div></figure><p>Teneo, the US-based liquidator overseeing the chapter of crypto hedge fund Three Arrows Capital (3AC), plans to promote non-fungible tokens (NFTs) estimated to be value hundreds of thousands of {dollars}, in line with a Wednesday <a target="_blank" href="https://3acliquidation.com/wp-content/uploads/2023/02/230222-Notice-3AC-Asset-Sales-Website.pdf" rel="nofollow noopener" data-ylk="slk:note" class="link ">note</a> from Joint Liquidator Christopher Farmer.</p><p><strong><em>See associated article: </em></strong><a target="_blank" href="https://forkast.news/headlines/cftc-sec-investigate-bankrupt-3ac-failed/" rel="nofollow noopener" data-ylk="slk:CFTC, SEC investigate if bankrupt 3AC misled investors, failed to register business" class="link ">CFTC, SEC investigate if bankrupt 3AC misled investors, failed to register business</a></p><h2>Quick information</h2><ul class="caas-list caas-list-bullet"><li><p>Singapore-based 3AC filed for chapter in July and estimated its property to be valued at round US$1 billion, together with NFTs value about US$22 million on the time, in line with a <a target="_blank" href="https://www.theblock.co/post/195611/failed-hedge-fund-three-arrows-capital-estimated-assets-at-1-billion-in-july" rel="nofollow noopener" data-ylk="slk:document" class="link ">document</a> obtained by The Block.</p></li><li><p>Farmer mentioned the sale could be made to “notice the worth of the NFTs for the needs of the liquidation,” with needed steps for the gross sales anticipated to begin within the subsequent 28 days from writing.</p></li><li><p>The announcement clarified that the NFTs offered wouldn't embrace these from the portfolio of 3AC subsidiary Starry Evening Capital. Based on blockchain safety agency <a target="_blank" href="https://twitter.com/nansen_ai/status/1577206932091285504?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1577206932091285504%7Ctwgr%5E58e04fdfea3ed489ec23eb1ec21f300677e4bcbc%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fcointelegraph.com%2Fnews%2F3ac-liquidators-to-sell-firm-s-nfts-to-realize-value-amid-bankruptcy" rel="nofollow noopener" data-ylk="slk:Nansen" class="link ">Nansen</a>, this portfolio consists of not less than 6 NFTs final offered for a worth above US$1 million.</p></li><li><p>On Oct. 5, 2022, 300 NFTs belonging to Starry Evening Capital NFTs had been moved as a part of 3AC’s chapter proceedings and are at present topic to an utility earlier than the supreme court docket within the British Virgin Islands, the be aware added.</p></li><li><p>Based on a <a target="_blank" href="https://twitter.com/tomwanhh/status/1628670345812258817?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1628670345812258817%7Ctwgr%5E58e04fdfea3ed489ec23eb1ec21f300677e4bcbc%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fcointelegraph.com%2Fnews%2F3ac-liquidators-to-sell-firm-s-nfts-to-realize-value-amid-bankruptcy" rel="nofollow noopener" data-ylk="slk:tweet" class="link ">tweet</a> from crypto analyst Tom Wan, potential NFTs that 3AC may promote embrace some high-profile items similar to 11 cryptoPunks, a Bored Ape Yacht Membership, Mutant Ape Yacht Membership NFT, and three Others Deeds.</p></li><li><p>Whereas the NFT market has been unstable over the previous yr, international non-fungible token (NFT) gross sales <a target="_blank" href="https://forkast.news/weekly-nft-sales-surge-amid-marketplace-blurs-new-round-of-token-airdrop/" rel="nofollow noopener" data-ylk="slk:surged" class="link ">surged</a> by 159% over the seven-day interval of Feb. 17 to Feb. 23. This month has seen about US$1.5 billion in complete NFT gross sales quantity, the very best month-to-month determine since Could of final yr, in line with <a target="_blank" href="https://www.cryptoslam.io/nftglobal" rel="nofollow noopener" data-ylk="slk:data" class="link ">data</a> from NFT aggregation website CryptoSlam.</p></li></ul><p><strong><em>See associated article: </em></strong><a target="_blank" href="https://forkast.news/headlines/judge-approves-subpoenas-3ac-cofounders/" rel="nofollow noopener" data-ylk="slk:Judge approves subpoenas for 3AC cofounders " class="link ">Judge approves subpoenas for 3AC cofounders </a></p></div><script async src="//platform.twitter.com/widgets.js" charset="utf-8"></script>