3AC-Linked Wallet Bought NFT for $59K Due to 3-Year-Old Offer That Wasn\'t Canceled

A wallet tied to bankrupt crypto hedge fund Three Arrows Capital (3AC) purchased a Neon Village NFT for 20 Ether (ETH)

Bankrupt Crypto Hedge Fund 3AC’s Wallet Purchased NFT After Three-Year-Old Offer Remained Active

A wallet linked to bankrupt crypto hedge fund Three Arrows Capital (3AC) purchased a Neon Village NFT for 20 Ether (ETH) on July 5, which was part of an offer that the defunct crypto hedge fund placed three years ago. The NFT is currently valued at around $59,821.

3AC filed for bankruptcy in July 2022, and its wallets are being managed by liquidation firm Teneo. The funds for the Neon Village purchase had been in escrow since the offer was placed in 2021.

The sale was flagged by the SuperRare Bot X channel, which identified the buyer as “abcdefg.” Some collectors initially celebrated the sale until an NFT collector called Brian on X noted the age of the offer, suggesting the buyer might have forgotten the bid.

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ZkSync Developer Matter Labs Rebuts Allegations of ‘Insider Minting’ for Libertas Omnibus NFTs

Claims that some minters of the Libertas Omnibus NFTs were able to mint the NFTs despite not meeting the official criteria have been refuted by zkSync developer Matter Labs on June 26. The company stated that all minters met the criteria and that there were multiple legitimate ways to mint the NFTs.

According to Matter Labs, some users were able to mint the NFTs by attending events, interacting with top zkSync NFTs, and completing other tasks. The company also denied allegations that holding Libertas Omnibus NFTs alone would qualify users for ZK airdrops.

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NFTs, Blockchain Bridge Ethiopia’s Past, Present in Toledo Museum Exhibit

The Toledo Museum of Art (TMA) in Ohio is concluding its major exhibition of Ethiopian art with a unique feature on NFTs. TMA announced that Yatreda, an Ethiopian art collective, will be their second digital artist in residence, following Nigerian NFT artist Osinachi. The announcement coincides with the launch of TMA Labs, a department dedicated to exploring new technologies.

Yatreda’s installation, titled “House of Yatreda,” will merge historical Ethiopian artifacts with modern NFT art, showcasing both renowned and new pieces. Yatreda’s work, which often animates Ethiopian history and culture, will highlight TMA’s iteration of “Ethiopia at the Crossroads,” merging past traditions with contemporary digital art.

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