Beeple non fungible token buyer goes by Metakovan, and not much is known of him! The buyer of the Beeple non fungible token paid $69 million and is a crypto investor.
Metakovan’s real identity is not know, but the investor is the co-founder of the NFT collection called Metapurse. Metapurse allows those who collect NFTs to display their collection through virtual museums.
CNBC spoke with Metakovan’s partner in Metapurse, who goes by the name of Twobadour, who said the NFT is “the most valuable work of its generation.”
From CNBC’s article:
“Twobadour said they don’t know their exact plans for this work, but options include fractionalizing it or offering it as a new token. He said the goal is not to make money, but to decentralize and democratize art so token holders everywhere can share a piece of history and share the wealth.
For example, it’s like if people could go to the Museum of Modern Art and actually own some of the work, he said.
“We made history and we created a god” in Beeple, he said.”
The announcement only partially solves the biggest mystery behind the most dramatic transaction in the art world since 2017. NFT’s and the market for them, have exploded in recent weeks to over $400 million as new investors and collectors are paying premium if not record prices for everything from NBA videos, memes, and art.
For his $69 million, Metakovan will get a long string of numbers and letters that will exist as code on the Ethereum blockchain. The buyer will also get a gigantic JPEG of the art.
The sale capped 2 weeks of frenzied online bidding and ushers in a new era in collectibles. Blockchain-based digital images now rival prices paid for Picassos and Monets, and the role of NFT’s, while they remain an open question, has caused the art world to pay attention.
Mike Winkelmann, aka Beeple, tweeted: “holy f—-“ shortly after the auction. In 2007, he set out to post a new work of digital art every day for the rest of his life and hasn’t missed a single day. The first 5,000 of these works, which he calls “everydays,” were compiled to form “The First 5,000 days.”
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