NFTs have been all the rage this year. Beeple just sold a NFT for $69 Million.
Christie’s said that a cryptocurrency investor based in Singapore called Metakovan won Beeple’s $69 million digital collage at auction—a sale that smashed records in markets for both art and NFTs.
Metakovan’s identity couldn’t be determined, but he is widely known in cryptocurrency circles. A spokesman for him, who goes by Twobadour, confirmed the purchase in a phone interview with The Wall Street Journal. Metakovan is the founder of Metapurse, a crypto-based investment firm. Twobadour said that their fund outbid dozens of rivals over the course of the 15-day online contest to win Beeple’s pixelated amalgamation of irreverent drawings and fantastical landscapes that the artist combined into a single collage called “Everydays: The First 5000 Days.”
Metakovan, who acts as the fund’s financier, paid for it with about 42,329 ETH is rumored to have out bid Justin Sun with seconds to go!
The Metapurse founder is relatively unknown, but with the new Beeple purchase he has suddenly joined the rarefied ranks of top collectors. He has also stirred up a frenzy in crypto asset markets by paying a record sum for the artwork that only exists digitally. Everyone will be trying to recreate this type of cash grab. I believe in NFT and see the value for art, cards and games. I can't get with NBA's NFT because I'm not a sports fan, but I can see there is a market.
It's truly an amazing time for the crypto sphere!