According to blockchain data, a wallet associated with failed crypto hedge fund Three Arrows Capital (known as "3AC") purchased the Neon Village NFT for 20 Ether (ETH) on July 5, despite the fund's failure. The $59,821 deal stemmed from an offer the wallet made three years ago and never rescinded. 😮

User X Brian quickly realized the strangeness of the deal: the offer for the NFT was made three years ago, which is an unusually long time for it to go unaccepted or cancelled.

Blockchain data confirms that a buyer made an offer of 20 ETH for token ID#26497(Neon Village) on August 21, 2021, almost two years and 11 months before the seller accepted it.

On the Arkham Intelligence platform, the buyer is labeled as "Three Arrows Capital: OpenSea User (0xFf4)", indicating that the wallet belongs to a failed hedge fund.

Three Arrows Capital filed for bankruptcy in July 2022. His wallets are now under the control of liquidation firm Teneo.

Sales in the NFT market soared in the second quarter of 2024, reaching $4 billion in volume, the highest level since the first quarter of 2023.