On August 29, a prolific NFT collector who goes by the pseudonym VincentVanDough (VVD) announced that they would be launching a new NFT fund in partnership with Su Zhu and Kyle Davies, the founders of crypto hedge fund Three Arrows Capital.
The new fund, named Starry Night Capital after one of Van Gogh’s most famous paintings, plans to raise $100M to invest in “top pieces from the most desired sets”, Dough said on Twitter.
Starry Night Capital aims to launch a physical gallery in a major city later this year, in addition to plans for an NFT education portal and community building initiatives.
Vincent Van Dough on a Roll
The collector drew the attention of the NFT community a few months ago when they started buying up rare Art Blocks NFTs at prices that were considered extremely high at the time. This was a prescient move — Art Blocks NFTs have exploded in value during the last two months, and Van Dough has continued to add to their collection. Their OpenSea profile shows a strong affinity for Art Blocks with 958 NFTs from the various collections.
Three Arrows Capital has invested in a Who’s Who of DeFi players, including Aave, Avalanche, and SushiSwap, according to its website. It’s been active in the NFT space with a string of high-profile purchases, most recently buying Ringers 879, nicknamed ‘The Goose’ by the Art Blocks community, for a record 1800 ETH ($5.6M at the time of purchase).