As reported by Blockworks, NFT fund Spencer Ventures has reached a deal worth six figures with auction house Sotheby's, which is responsible for selling off Three Arrows Capital's (3AC) NFT collection, to buy 144 Pudgy Penguin NFTs previously owned by 3AC.
The NFTs include 48 Pudgy Penguins, 48 Pudgy Rods, and 48 unclaimed Lil' Pudgys. Spencer Gordon-Sand, the founder of Spencer Ventures, said the firm doesn't "plan on selling them anytime soon".
The NFTs are expected to be transferred from Sotheby's wallet to Spencer Ventures.
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