News06 October 2022

NFT collection from bankrupt Three Arrows Capital will soon be liquidated

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Because of bankruptcy proceedings, Starry Night Capital's collection of non-mutually exchangeable tokens will have to be liquidated. 300 of the collection's tokens have already been moved.

If you suddenly thought NFTs was no longer an art form, they're not. First, OpenSea made this step for user convenience and to avoid paying a commission for each NFT.

It is essential to clarify that you can buy up to 30 tokens at a time only if they are from the same blockchain network. You can't buy 5 tokens on Polygon and 5 on Ether with one transaction. They would have to be processed as two separate purchases.

The company itself also added some mini-guide: "In the Collected Items tab, you can access bulk listings by clicking on the "+" symbol when hovering over the item card or by clicking the "Sell Announcement" button in the More Options drop-down list. You'll be able to select up to 30 items to list for sale at one time."

The platform recently began partnering with Warner Music Group. It allowed NFTs to be sold on particular customizable pages so creators could get more attention and add uniqueness to their collections.

Suppose you look at the picture of innovation in the time slot. In that case, however, it comes at a time of dramatic decline in trading volumes. Probably one of the best examples of how problems always push for development our friend. 

You're welcome to click here if you want to read Gryazin's thoughts on Warner Music's entry into the NFT. 

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