Metapurse Founder Is Buyer of $69 Million Beeple NFT, Virtual Musuem In plans

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The suspense behind who’s the real buyer for Beeple’s Digital artwork NFT that sold for a staggering $69 million, is finally out. Metakoven, the pseudonymous founder of Singapore-based NFT fund Metapurse is the final winner of the bid beating Tron’s Justin Sun in the last minutes of bid closing.

The official announcement was made by the 250-year-old auction house Christie’s, which conducted the sale. From his official Twitter handle, Beeple also thanked Metakoven for their trust in his work.

Sun revealed that Metakoven added an additional quarter-million to his bid to finally seal the deal for $69,346,250. Just to give a perspective on how the big price escalated, the starting bid for Beeple’s masterpiece was just $100.

Beeple’s Everydays: The First 5,000 Days (2021) digital artwork is one of the most expensive digital artwork in history. It consists of nearly 500 artworks from Mike Winklemann, popular known as Beeple, spanned over years of work. Metakoven who serves as a pseudonymous identity said that he expects NFTs to reach $1 billion in valuations. He further added:

“When you think of high-valued NFTs, this one is going to be pretty hard to beat. And here’s why – it represents 13 years of everyday work. Techniques are replicable and skill is surpassable, but the only thing you can’t hack digitally is time. This is the crown jewel, the most valuable piece of art for this generation. It is worth $1 billion”.

Metakoven Plans a Virtual Museum to House the Beeple Masterpiece

Soon after its purchase, Metapurse has already started working on its next move. The NFT fund is planning to build a virtual real estate aka a Virtual Museum. Speaking to The Arts Newspaper, Twobadour Paanar, the steward of Metapurse said:

“We hope to work with some of the best architects on the planet to design something truly worthy of this masterpiece, and to build it in the metaverse over a vast virtual estate.”

Metapurse noted that anyone can visit the museum through any ordinary browser. However, for a really immersive experience, it will also be accessible on Virtual Reality (VR) headsets. Twobadour adds:

“The beauty of this piece is that it can be experienced wherever you are in the world. Unlike the Mona Lisa that’s in physical space, this is purely digital. So we intend to create a monument that this particular piece deserves, which can exist only in the metaverse.”

Bhushan is a FinTech enthusiast and holds a good flair in understanding financial markets. His interest in economics and finance draw his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge. In free time he reads thriller fictions novels and sometimes explore his culinary skills.
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