3AC’s NFT dream shattered as NFT market comes crashing down!
At the peak of the non-fungible token (NFT) craze last summer, Three Arrows Capital, a giant handling ten of billions of dollars, teamed up with fictitious non-fungible token collector Vincent Van Dough to form Starry Night Capital, a fund for NFTs with a $100 million goal.But, as the market started imploding, the NFT dream of Three Arrows is more or less shattered. The court ordered liquidation, failure to pay margin calls of highly reputed crypto exchanges, resulted in the Starry Night Fund’s worth to be reduced to a fraction of what it aimed for.
Source
https://t.me/nftsdefifinance
