Nonfungible tokens (NFTs) belonging to the bankrupt hedge fund Three Arrows Capital (3AC) will be sold by its liquidators Teneo, according to a recent announcement.
In a notice dated Feb. 22, joint liquidator Christopher Farmer announced that the liquidators intend to begin the sales of NFTs that belong to 3AC. The announcement highlighted that the sale would be done to “realize the value of the NFTs for the purposes of the liquidation.” According to the announcement, the sales will begin 28 days after the notice.