Three Arrows Capital launches fund to buy valuable NFTs – Bits Media

Cryptocurrency hedge fund Three Arrows Capital launches Starry Night Capital to buy valuable collectible tokens (NFT). The Foundation has already acquired Art Blocks NFT for $5.66 million.

Singapore-based venture capital firm Three Arrows Capital launches Starry Night Capital, which aims to “create the world's best NFT collections ". To do this, the company established partnerships with the NFT collector under the pseudonym Vincent Van Dough, who has many Twitter subscribers and a significant NFT personal portfolio.

“Our thesis is simple. We count, that the best way to get acquainted with the NFT shift of the cultural paradigm is the ownership of collecting items from the most popular and valuable projects ”, - wrote in Vincent Van Dung on Twitter.

Co -founder Three Arrows Capital Kyle Davis (Kyle Davies) told, that Starry Night Capital seeks to attract $100 Milln for a new fund. The first major purchase of Starry Night Capital was the purchase of Art Blocks NFT from the collection of Dmitry Chernyak Ringers. Work of art, Ethereum created on the blockchain using the algorithm, was sold at the end of last week for 1 800 ETH. This is the most expensive sale Blocks NFT in the secondary market.

According to Vincent Van Dungh, Starry Night Capital plans to launch an educational project related to NFT, Highlight promising artists, make work available through virtual galleries and launch the physical gallery in the "Bolshoi City" by the end of this year. At the end of last week, the general director of Three Arrows Su Zhu (Su Zhu) Published on Twitter photos of Art Blocks NFT images, which are displayed on a large screen in one of the areas of Tokyo.

The other day, Su Zhu also said, What expects continuation of Dogecoin growth, Since this coin is “easy to understand” and she took possession of the attention of unprofessional traders.