TechFlow news — CoinMetrics analyst Kyle Waters tweeted that over the past 24 hours, StarryNight, an NFT fund backed by Three Arrows Capital, has completely liquidated its entire collection of 70 items on the SuperRare platform. Since August last year, the fund has spent over $21 million acquiring these NFTs.
In August 2021, NFT collector Vincent Van Dough partnered with Three Arrows Capital co-founder Kyle Davies and CEO Su Zhu to launch the NFT fund StarryNight, aiming to raise $100 million to acquire top-tier NFT collections. The fund has amassed a significant portfolio of crypto art, including notable pieces such as Lost Robbie, which sold for over $1 million last year.
All of its SuperRare holdings were transferred, along with collections from Art Blocks, KnownOrigin, Foundation, and other crypto art projects, to a single address—appearing to undergo some form of consolidation. The new wallet appears to have potential links to other Three Arrows Capital wallets.
