MetaKovan on Why He Spent $69 Million on a Jpeg


MetaKovan, the pseudonymous buyer of Beeple’s Everydays NFT and founder of MetaPurse, talks about his recent $69 million purchase. In this episode, he discusses:
- why he bought Everydays: The First 5000 Days for $69 million (1:57)
- Beeple’s 13-year “proof of effort” process of creating art and why Beeple has the potential to become a generational artist (4:38)
- why he believes NFTs are “10x” better than physical art (9:40)
- his vision of the metaverse (13:57)
- the reasons for hiding his identity behind the Metakovan avatar (17:09)
- how he made his fortune in crypto and why he felt comfortable spending $69 million on something that might be a fad (19:12)
- why he started Metapurse and how its native B20 token works (24:31)
- crypto news recap (28:57)
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Episode Links
MetaKovan:
https://twitter.com/metakovan?lang=en
Metapurse:
Everydays: The First 5000 Days Purchase:
https://www.coindesk.com/metakovan-buyer-of-record-setting-beeple-nft-explains-why-he-spent-69-3m
https://www.nytimes.com/2021/03/12/arts/beeple-nft-buyer-ether.html
https://www.cnbc.com/2021/03/12/buyer-of-69-million-beeple-nft-is-a-crypto-investo-metakovan.html
https://www.washingtonpost.com/technology/2021/03/17/nft-beeple-metakovan-christies/
https://slate.com/technology/2021/03/metakovan-beeple-christies-auction-nfts.html
B20 Tokens:
https://www.playtoearn.online/2021/01/13/metapurse-to-share-ownership-beeple-collection/
Link to the Crypto News Recap:
https://unchainedpodcast.com/3-publicly-traded-crypto-exchanges/