Three Arrows Capital buys Ringers #879 NFT for $5.8 million

Three Arrows Capital приобрел an NFT, Ringers #879, for 1,800 ETH (about $5.8 million at the time of the deal).

Artist Dmitri Cherniak released the collection on the Art Blocks platform seven months ago. After the deal he wrote: “Good day at the jpeg factory.”

Good day at the jpeg factory

— Dmitri Cherniak (@dmitricherniak) August 27, 2021

Three Arrows Capital co-founder Su Zhu said he liked the goose depicted in the NFT.

Thesis: we like the Goose. pic.twitter.com/RBI9Axuvac

— Zhu Su 🔺 (@zhusu) August 27, 2021

As of writing, 1,800 ETH is the highest price paid for an Art Blocks piece. The previous record was 1,000 ETH for Fidenza #313 by Tyler Hobbs.

Art Blocks launched in November 2020. According to CryptoSlam data, trading volume on the platform in August surpassed $469 million.

Visa acquired a CryptoPunk NFT for $150,000 and sparked a frenzy around the project. Within an hour, the Larva Labs team sold over 60 tokens from the collection. Each of them was worth more than $200,000.

In August, NFT trading volume reached a record $1.5 billion.

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