Art

Three Arrows NFT Portfolio Highlighted by GALLERY in "The Unofficial 3AC Collection"

Featuring works like Chromie Squiggles, Ringers, and Fidenzas.

Art

Three Arrows NFT Portfolio Highlighted by GALLERY in "The Unofficial 3AC Collection"

Featuring works like Chromie Squiggles, Ringers, and Fidenzas.

GALLERY, an art-first NFT platform, shared a closer look at some of the most significant art pieces in the recently collapsed 3AC crypto hedge fund’s portfolio. As a result of its implosion to the tune of nearly $3.5 billion USD, the assets will soon be liquidated — likely via auction.

Some of the artists and works inside of “The Unofficial 3AC Collection” include Larva Lab’s Autoglyphs and CryptoPunks, Matt Furie’s Pepe the Frog NFT Genesis, XCOPY, Snowfro’s Chromie Squiggle, Dimitri Cherniak’s Ringers, Tyler Hobbs’ Fidenza, Grant Yun, and a number of other talented artists and works.

According to data on Dune Analytics, the fund spent over 14,000 ETH (roughly $42 million USD) on NFTs from mid to late 2021. Now with the collapse of the fund, many of these works will be liquidated by its lenders and solicitors. At the time of writing official details on when or how the liquidation will take place have not been shared. However, one of the fund’s investors and creditors shared on Twitter that he will personally aim to update the community as the liquidation process begins.

GALLERY, while not associated in any way with 3AC, has created “The Unofficial 3AC Collection” in order to showcase the variety of talented works and artists that are made up in the fund’s holdings.

The GALLERY platform is described as being a home for the curation of NFT art and a place for collectors to connect and express themselves through ownership. The social aspect of the site and absence of a marketplace makes it a unique offering in the Web3 space and adds a layer of utility to NFT collecting that is otherwise unrepresented.

Explaining how the platform first came to be, its founder Mikey said “it was late 2021, we were deep in COVID, I felt soulless working as a corporate cog at Apple, and I was looking for purpose in my life. I wanted to build something. I loved consumer software. I wanted to bet on myself.”

Now, a year later, the platform has raised nearly $3 million USD in funding with support from names like Collab Currency, Flamingo DAO, Coinbase, Dapper Labs, and more. GALLERY has a growing number of users and is currently offering membership through its “season 001” membership pass, which has sold out but is available on secondary markets.

Elsewhere in art, Amber Vittoria’s NFT collection “Memories Of A Masterpiece” is trending.

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