Along with the $1.1 million proceeds of a Mutant Ape Yacht Club sale now held in escrow, the settlement deal will see KeyFi transfer a multiplicity of assets to Celsius, including wallets containing hundreds of different tokens and significant NFTs. KeyFi will also move DeFi protocol assets Spartan, Unslashed, Stakehound, and crypto company Fireblocks.

Celsius, per the agreement, will sell the assets over the following twelve months. Celsius will pay KeyFi and Stone a first payment of $300,000 plus a rare one-of-one NFT by Marco Santorini. Then, up to $500,000, Celsius will pay 10% of the liquidations to KeyFi. (This cap will probably be achieved given that the assets in issue include multiple valuable NFTs.)

Usually in tiny amounts, the wallets in issue hold a great range of crypto coins. Among many others, the wallets have roughly $500 worth of Dogecoin and roughly $2,600 worth of USD Coin stablecoins.

Still, the wallets also feature a number of valuable NFTs: 13 CryptoPunks, three Fidenzas by Tyler Hobbs, 19 Meebits, four Mutant Apes, 14 Otherdeeds, and hundreds of additional tokens from projects such as World of Women, Art Blocks, and Rarible. Given that NFT demand has mostly dried up over the past year, the liquidation of these NFTs by Celsius could affect the floor price of the collections.

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