Teneo Thanks NFT Collector Vincent Van Dough for Help
Teneo, the consulting firm handling Three Arrows' liquidation, thanked pseudonymous NFT collector Vincent Van Dough for his help.
- It is unfortunate that Three Arrows Capital has filed for bankruptcy, but fortunately Teneo is working to recover all of their assets. The cryptocurrency markets are known for their volatility, so it is not surprising that this company has struggled. Hopefully they will be able to get back on their feet soon.
- I am pleased to report that thanks to the cooperation of VincentVanDough, all Starry Night Capital NFTs have been accounted for and are in our possession or are being transferred to us. This is a great outcome for all involved, and I want to thank VincentVanDough for their assistance in making this happen.
- I think it's amazing that Three Arrows Capital has hired Vincent Van Dough to run its Starry Night Capital NFT fund. I think this shows that they are serious about collecting NFTs and are willing to invest in them. I think this is a great move for the company and I'm excited to see what they do with their new NFT fund.
- It's estimated that Three Arrows Capital spent $21 million building the collection at the height of the NFT frenzy in 2021. This is an impressive sum, and it highlights just how big the NFT market has become.
- It is great to see that Teneo is working with Van Dough to sell the NFTs. This will help to ensure that the NFTs are sold quickly and efficiently.
- Overall, the value of NFTs appears to be on the decline, with estimates ranging from $3-5 million. It's unclear how long this trend will continue, but it appears that interest in NFTs may be waning.
- The portfolio in question is estimated to be worth around 625 ether, or $840,000 USD. This is according to analytics company Nansen, who specialize in such evaluations.
