Chain CEO Deepak Thapliyal Selling NFT Collection In FTX Wake

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Chain CEO Deepak Thapliyal announced that he is selling his NFT collection on Thursday, including 10 CryptoPunks and seven Bored Apes.

My NFT Collection is now available. It will either be sold to the highest bidder or be placed in a fractional DAO where I will be selling 80% ownership for 8k ETH to the community.

DMs open. Check them out👇 pic.twitter.com/7TZpAc7TDK
— Deepak.eth ⛓ (@dt_chain) November 11, 2022

The statement comes in the wake of uncertainty surrounding cryptocurrency exchange FTX, of which blockchain-based company Chain has an '8-figure exposure', according to Thapliyal.

The esteemed collection includes Alien CryptoPunk #5822, which last sold for 8000 ETH ($10.3M USD) in February. The wallet also holds a Gold Fur Bored Ape, one of the most-coveted traits in the project's ecosystem.

Thapliyal indicated that the NFTs will either be sold via auction or fractionally via a DAO.

Author Bio

Ghost

Ghost is an NFT Analyst at Lucky Trader. He has been in crypto since 2017, and entered the NFT space via NBA Top Shot in January of 2021 before minting Bored Apes and degenning into the broader market.

Disclaimer: The author or members of the Lucky Trader staff may own NFTs discussed in this post. Furthermore, the information contained on this website or the Lucky Trader mobile application is not intended as, and shall not be understood or construed as financial advice. AI may have assisted in the creation of this content.