Those who invested in Tiger Global Management’s fund suffered an 18% loss on paper as of the end of September.
According to information provided by Bloomberg, Tiger Global has increased the value of its shares in the qualified intellectual property (NFT) collection Bored Ape Yacht Club. It dropped by 69%. Again, if the value of its shares in OpenSea, a marketplace in the NFT category, It went down by 94%.
Tiger Global, OpenSea organized in January 2022 $300 million It had invested in the Series C investment round. According to Nansen data, the weekly sales volume in OpenSea after this investment $1 billion It went up to the top, but today up to $23 million is in decline.
Private Investment Partners 15 funds, worth approximately $13 billion, cut the value of artificial intelligence-based Superhuman and search engine platform DuckDuckGo by 45% and 72%, respectively.
Tiger Global, which manages approximately $50 billion in assets, did not make a statement on the subject.
Coatue Management’s internal evaluation for OpenSea at the beginning of this month. reduced by 90% was transferred.
Banking giant JPMorgan, in its analysis report published this week, stated that the mobility seen in DeFi and NFT areas a good sign is but not yet “don’t get excited” stated that it was necessary.