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Metapurse crypto fund

metapurse crypto fund Posted by 10 hours ago. Metapurse was created by Metakovan – also a pseudonym – and his partner Twobadour. The buyer of the picture turned out to be a heavily NFT-focused crypto fund called Metapurse. The crypto-exclusive fund purchased 20 first-edition artworks on Nifty Gateway for $2. Justin Sun has announced an NFT fund focussed on high-value artwork. The identity of the mysterious buyer of Beeple’s “The First 5000 Days” NFT collection is MetaKovan, the pseudonymous founder of NFT fund Metapurse. 20 bundle can be bought out by anyone, with a minimum bid of $12 million, in which case all B. The value of B20 at the time of the Valuation process, led this token to represent a major part of the portfolio value. Winkelmann, also known as 'Beeple', became the third-most valuable living artist after the sale. He (real name: Vignesh Sundaresan) recently bought Earlier than founding Metapurse, Sundaresan had been actively concerned within the crypto trade since 2013, creating crypto change Cash-e and co-founding crypto ATM mission BitAccess. The investor, Vignesh Sundaresan, known as Metakovan, founded Metapurse, the world’s largest NFT fund. It is worth $1 billion. Now it has revealed the buyer who shelled out a fortune for digital artist Mike Winkelmann's "Everydays: The First 5000 Days. They revealed their identities last week. CRYPTO CASTING . Will crypto become kryptonite? 19 Mar, 2021, 07. The work, called "Everydays: The First 5000 Days" is a Metakovan is the chief financier behind Metapurse, a crytpo-based fund that acquires NFTs and other virtual properties; it claims to be the largest NFT fund in the world. Metapurse, a crypto-based initiative that owns the largest known collection of non-fungible tokens (NFTs), announced today their successful acquisition of twenty 1/1 Beeple artworks for ~$2. " Vignesh The buyer of a record-breaking $69. Singapore-based NFT Fund Metapurse Purchases Beeple’s Digital Art NFT for A Massive $69 Million - WorldCoinIndex The buyers who spent nearly $70 million on Beeple’s crypto art piece revealed their identities in a blog post about a week after the purchase. Loeb, the CEO of Third Point, is pondering the possibilities of crypto, according to several tweets this morning. The buyer, who goes by the pseudonym Metakovan, said the piece is worth multiples of what they Metakovan, the chief financier of crypto-based fund Metapurse, had caused a stir in the art world when he bought the landmark work by digital artist Beeple at a Christie's auction on March 11. 3 million in early March, penned a blog post Thursday, disclosing the real names and stories of key figures behind the project. Last December, the meta-king started Metapurse, a crypto-asset investment fund to fractionalize and sell his virtual assets as newly-created B. The two -- who are originally from Tamil Nadu -- run Metapurse, which claims to be the world's largest non-fungible token (NFT) fund. The pair, who hail from Tamil Nadu, are early adopters of blockchain technology. Metakovan is the founder of Metapurse, a crypto-based investment firm. @ChristiesInc is honored Earlier in March, the auction house responsible for the sale announced that the pseudonymous founder of an NFT fund, Metakovan, had bought the piece. Earlier in March, the auction house responsible for the sale announced that the pseudonymous founder of an NFT fund, Metakovan, had bought the piece. A Mainer’s digital art gallery raised $9M on the latest crypto craze by Lori Valigra April 1, 2021 March 31, 2021. Before founding Metapurse, Sundaresan had been actively involved in the crypto industry since 2013, creating crypto exchange Coins-e and co-founding crypto ATM project BitAccess. Metakovan is the chief financier behind Metapurse, a crytpo-based fund that acquires NFTs and other virtual properties; it claims to be the largest NFT fund in the world. They paid 42,329 ETH for the sale. Earlier today (March 25), Dawn Fitzpatrick, chief investment officer at Soros Fund Management (which is structured currently as a family office), gave an interview to Erik Schatzker on Bloomberg’s “Front Row”, where she talked about a number of interesting crypto-related topics. Metapurse, a crypto and NFT fund financed by renowned NFT collector Metakovan and stewarded by Twobadour, recently announced that it had acquired all 20 of the 1/1 NFT artworks auctioned in December’s Beeple Everydays: The 2020 Collection. The buyer, who goes by the pseudonym Metakovan, said the piece is worth multiples of what they paid for it. MetaKovan, an anonymous digital asset investor and founder of NFT focused crypto-based investment fund Metapurse, is the buyer of the $69M Beeple NFT — A digital asset investor who goes by the handle Metakovan and refuses to give his full name, announced that he is the buyer … The collection, which sold for a whopping $69. The real identity of Metakovan is not yet disclosed. 82 ETH). 3m NFT. Unsurprisingly, Christie’s, a 255-year-old auction house, dedicated a […] FD7 Ventures, a cryptocurrency investment fund based in Dubai with $1 billion in assets under management, has announced it plans to sell $750 million worth of bitcoin over the next 30 days, so it can increase its positions in Cardano (ADA) and Polkadot (DOT). The suspense behind who’s the real buyer for Beeple’s Digital artwork NFT that sold for a staggering $69 million, is finally out. On March 11, Metakovan caused a stir in the art world when he bought the landmark work at a Christie’s auction. He said the Last December, the meta-king started Metapurse, a crypto-asset investment fund to fractionalize and sell his virtual assets as newly-created B. An NFT uses the same technology behind cryptocurrencies to turn anything from art to sports trading cards into virtual collector's items that cannot be duplicated. It purchased Beeple’s “Everdays: 20 Collection” artworks for $2. 2 million and gifting the artist with 2% of their new fund of NFT tokens, called DeFi “It is Worth $1 Billion,” says The Largest NFT Fund That Bought Beeple’s “The First 5000 Days” Metapurse,… Metapurse, a global NFT fund whose founder successfully bid and acquired the piece in a Christie’s auction for $69. Metakovan’s Might Be Singapore-Based Crypto Entrepreneur . 3 million piece dropped their real names in a blog post. The founder of nonfungible token (NFT) fund Metapurse bought the piece, Christie’s announced Friday. The mysterious buyer of the world’s most expensive non-fungible token “Everydays… The regulator is seeking an emergency order freezing $25 million in digital assets held by a crypto hedge fund he controls. MetaKovan, the pseudonymous founder of NFT fund Metapurse and buyer of Beeple’s $69 million NFT, has revealed himself. You can do so Going by the pseudonym Metakovan, Sundaresan was joined by Anand Venkateshwaran aka Twobadour, as the steward of Metapurse, a crypto-based fund financed by Metakovan. 20 Monument Summary List PlacementChristie's caused a stir on Thursday when it auctioned off a piece of digital art — a JPG file — for more than $69 million. 4m at the time) - are crypto entrepreneur Vignesh Sundaresan and Lendroid Head Of Communications Anand Venkateswaran. The buyer, who goes by the pseudonym Metakovan, said the piece is worth multiples of what they paid for it. Sundaresan is operating the Metapurse fund with Anand Venkateswaran, who is also known by his pseudonym Twobadour. ”. Metakovan, the pseudonymous founder and financer of Metapurse, the largest NFT (unique digital assets) fund in the world, successfully bid and acquired EVERYDAYS: THE FIRST 5000 DAYS, for $69,346,250 (~38474. Metakovan and Twobadour Paanar, who run the Singapore-based crypto fund Metapurse, are Vignesh Sundaresan, a serial crypto entrepreneur ​and Anand Vignesh Sundaresan aka ‘Metakovan’ is a Singapore-based blockchain entrepreneur, coder and angel investor. This is the crown jewel, the most valuable piece of art for this generation. Metapurse, a global NFT fund whose founder successfully bid and acquired the piece in a Christie’s auction for $69. 3 million in early March, penned a blog post Thursday, disclosing the real names and stories of key figures behind the project. The fund will track companies and securities involved in what’s been referred to as decentralized finance, in which people borrow and lend money from each other directly, without intermediaries such as banks. Metapurse is a crypto-based fund and NFT production studio financed by Metakovan and operated jointly with Twobadour. 503 crores). 503 crores). MetaKovan has revealed himself to be entrepreneur Vignesh Sundaresan, who was also the founder of the now defunct Coins-e exchange. The mysterious buyer of the world’s most expensive non-fungible token “Everydays: The First 5000 Days” by Beeple, has revealed their identity. 20 token. Last December, the meta-king started Metapurse, a crypto-asset investment fund to fractionalize and sell his virtual assets as newly-created B. 2m. a. Metapurse was behind the acquisition of 20 artworks from Beeple’s Everydays: The 2020 Collection for over US$2. Now, Metapurse has shared a blog post explaining […] Metapurse, the anonymously run Singapore-based crypto fund started by Metakovan, made the ultimate winning bid for 5,000 Days. ; The buyers said they wanted people of color to know they could use crypto as "an equalizing power. Now it has revealed the buyer who shelled out a fortune for digital artist Mike Winkelmann's "Everydays: The First 5000 Days. 3 million (roughly Rs. A Mainer’s digital art gallery raised $9M on the latest crypto craze by Lori Valigra April 1, 2021 March 31, 2021. Share this: founded Metapurse, the world’s largest NFT fund. Eight percent sold in a private sale, four percent goes to stakeholders and two percent will go to Beeple. The U. A 4% allocation has been made to friends of Metapurse who have supported our efforts through the past year. Takeaway – MetaPurse Fund. Daniel S. ” So what’s next for Sundaresan and Metapurse? More NFT investments, for the most part. Metakovan is the founder of Metapurse, a crypto-based investment firm. The mysterious buyer of the world’s most expensive non-fungible token “Everydays… Metapurse, a crypto-exclusive fund, recently bought ‘Everydays – The First 5000 Days’ – a jpeg file – by an artist who goes by the pseudonym Beeple for $69. In person, the man who says he is the chief financier of crypto-based fund Metapurse is an introvert. Metakovan, the pseudonymous and otherwise anonymous founder and financer of the crypto fund Metapurse, is the buyer of Beeple’s digital work of art, Everydays: The First 5,000 Days (2021). ” or you could leave the money in a conservative index fund Crypto enthusiasts see an exchange-traded fund as a way for more retail investors to gain price exposure to bitcoin. You may not know Vignesh Sundaresan by name, but […] 🆕🆕🆕 EXCLUSIVE OFFER WATCH LIVE http://bitcoinbargins. MetaKovan, an anonymous digital asset investor and founder of NFT focused crypto-based investment fund Metapurse, is the buyer of the $69M Beeple NFT — A digital asset investor who goes by the handle Metakovan and refuses to give his full name, announced that he is the buyer … It sold for $69 million dollars which was paid in Ethereum. The fund will focus on pieces worth at least $1 million, with a median value of $10 million. Talking on CoinDesk TV’s “First Metapurse, a crypto-based initiative that owns the largest known collection of non-fungible tokens (NFTs), announced today their successful acquisition of twenty 1/1 Beeple artworks for ~$2. In January, the company The MetaPurse Fund holds, on the day of Valuation, approximately 5,000,000 B20 Tokens, issued by the Fund, the value of which is partially backed by the assets of the Fund. 2 million in December. 3 million (roughly Rs. There are no broker fees, no exit fees, no minimum investment and full control over your assets. 2 million in December, and is selling “tokens” for shared ownership of what they Metapurse, a crypto-exclusive fund, recently bought ‘Everydays – The First 5000 Days’ – a jpeg file – by an artist who goes by the pseudonym Beeple for $69. Neither cryptocurrency nor digital art have a physical presence, but both shook up the art world this week after Metakovan, the anonymous-pseudonymous founder of crypto-exclusive fund Metapurse, Metakovan is the founder of the world’s largest NFT fund called Metapurse. 20 tokens. 20” crypto-tokens, which are shares in Metapurse’s portfolio of NFTs—including Part crypto/NFT impact investment fund and part production company, Metapurse is financed by Metakovan and stewarded by Twobadour. Metapurse’s next step? Build a virtual museum to house and display Beeple’s artwork. Sundaresan is operating the Metapurse fund with Anand Venkateswaran, who is also known by his pseudonym Twobadour. Metakovan’s fund invests significant amounts of money in unique tokens in the same way an investor buys baseball collectibles, or an art merchant invests millions in rare pieces. MetaKovan, the founder of NFT fund Metapurse, confirmed that he and his colleague Twobadour - people who bought artist Beeple's NFT piece 'Everyday: The First 5000 Days' for the record-breaking price of ETH 42,329 (USD 69. The founder of nonfungible token (NFT) fund Metapurse bought the piece, Christie’s announced Friday. Metakovan’s fund invests significant amounts of money in unique tokens in the same way an investor buys baseball collectibles, or an art merchant invests millions in rare pieces. ” The NFT fund is planning to build a virtual real estate aka a Virtual Museum. In January, the company released a statement saying that, excluding works by Beeple, it had acquired a portfolio of $3. 3 million non-fungible token (NFT)-based artwork last week says he bought it to ensure the work stays in the crypto space. Metakovan, his alter ego in the virtual world, is a bold, influential persona with more than Metakovan is the founder of the world’s largest NFT fund called Metapurse. The mysterious purchaser of the world’s costliest non-fungible token “Everydays: The First 5000 Days” by Beeple, has revealed their identification. The official announcement was made by The post Metapurse Founder Is Buyer of $69 Million MetaKovan, the pseudonymous founder of NFT fund Metapurse and buyer of Beeple’s $69 million NFT, has revealed himself. The First Crypto Only Hedge Fund Ever. A Mainer’s digital art gallery raised $9M on the latest crypto craze by Lori Valigra April 1, 2021 March 31, 2021. 2 million in December, and is selling “tokens” for shared ownership of what they’ve dubbed the B. 82 Ether at Christie’s online sale Sundaresan is the founder of Metapurse, a cryptocurrency fund that in January launched a “public art project” called B. The buyer, who goes by the pseudonym Metakovan, said the piece is worth multiples of what they Metapurse will keep 59 percent of the tokens, while 11 percent goes to collaborators like Metacast, GrowYourBase and Voxel Architects. Q4 2020 hedge fund letters, conferences and more. 56 AM IST MetaKovan is the pseudonymous buyer of a non-fungible token (NFT) piece valued at nearly USD 70m - but some claim to know his identity, and that there is a conflict of interest present given the existing business association with the artist, Metapurse is a crypto-based fund and NFT production studio financed by Metakovan and operated jointly with Twobadour. The duo said that "these pseudonyms were never meant to be masks. An NFT uses the same technology behind cryptocurrencies to turn anything from art to sports trading cards into virtual collector's items that cannot be duplicated. Metapurse, a world Buyer of Beeple’s $69M NFT on Christie’s discloses identity - Crypto Equations Metakovan is the founder of Metapurse, a crypto-based investment firm. Non-fungible tokens (“NFT’s) were born with the advent of Crypto-Kitties in 2017, operating on Ethereum. troops' stronghold in Syria, a question of how long Biden will keep them there - Saturday 13th March 2021 06:08 AM Tron – Revealed: Metakovan, pseudonymous founder of ‘crypto-exclusive fund’ Metapurse, is the buyer of Beeple’s $69. In 2017, our team successfully pioneered the first tokenized crypto-only index fund, which used the seed funding to buy the underlying crypto assets. 2 million and gifting the artist with 2% of their new fund of NFT tokens, called January 13, 2021. The mysterious purchaser of the world’s most costly non-fungible token “Everydays: The First 5000 Days” by Beeple, has revealed their A fragment of an NFT, used by MetaKovan as a profile picture on Twitter. The Metapurse is a crypto-exclusive fund that specializes in identifying early-stage projects across blockchain infrastructure, finance, art, unique collectibles, and virtual estate. He has announced a $500,000 fellowship for ‘crypto storytellers' funded by his crypto investment firm, Metapurse. Visit the post for more. Beeple has been active since the auction closed, appearing in TV interviews and posting across his various social media channels to thank his fans. Meta-king is a title for a man who makes all his money and keeps all his belongings in the “meta” or virtual world. The buyers of Beeple 's $69. Earlier in March, the auction house responsible for the sale announced that the pseudonymous founder of an NFT fund, Metakovan, had bought the piece. Talking on CoinDesk TV’s “First The gains over the years finally rolled into Metapurse, a dedicated NFT fund that invests in crypto art, virtual lands, and in-game assets. It was in December that the Metapurse pair made their first big Beeple investment, buying 20 of his works for $2. The buyer, known by the pseudonym Metakovan, is linked to an NFT “index fund” called Metapurse. 1. The buyer of a record-breaking $69. Metapur The Person Who Took The World’s Most Expensive NFT From Justin Sun’s Hands Owns an NFT Fund March 13, 2021 Justin Sun was on the verge of scoring a $69 million advert stunt and was actually seconds away from being the winner of an public sale for the world’s costliest NFT token… Explaining his decision to buy Beeple's Everydays, Metakovan said, "Techniques are repetitive and skills can be exceeded, but the only thing you can't hack digitally is time. Singapore-based NFT Fund Metapurse Purchases Beeple’s Digital Art NFT for A Massive $69 Million - WorldCoinIndex The round was led by the crypto-friendly VC firm Andreessen Horowitz. On NFT art to be precise, he wrote “Anyone can create NFT art, anyone can buy it, anyone can see it, and anyone can be inspired by it. Source: A screenshot, superrare. Metakovan Wins Beeple Bidding War MetaKovan, the pseudonymous founder of the NFT fund Metapurse, is the buyer of Beeple’s “Everydays: The First 5,000 Days” NFT. It was in December that the Metapurse pair made their first big Beeple investment, buying 20 of his works for $2. 2m. 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 real identity of Metakovan is not yet disclosed. ” The blog also covered the story of ‘Twobadour’, or Anand Venkateshwaran, the steward of Metapurse, a crypto-based fund financed by Metakovan. Before founding Metapurse, Sundaresan had been actively involved in the crypto industry since 2013, creating crypto exchange Coins-e and co-founding crypto ATM project BitAccess. The founder of nonfungible token (NFT) fund Metapurse bought the piece, Christie's announced Friday. However, the controversy that surrounded the event was that Justin Sun of Tron was outbid at the last minute by an anonymous buyer, who has now being discovered as the owner of NFT Fund, Metapurse. ” All we knew was that Metakovan was the pseudonymous founder of ‘crypto-exclusive fund’ Metapurse, the buyer of Beeple’s $69. Metapurse found Metakoven is also planning to create a virtual museum experience to view the Beetle artwork online along with some really immersive viewing experience on VR headsets. An NFT uses the same technology behind cryptocurrencies to turn anything from art to sports trading cards into virtual collector's items that cannot be duplicated. The buyers who spent nearly $70 million on Beeple’s crypto art piece revealed their identities in a blog post about a week after the purchase. And the NFT fund isn’t going to stop there. Unsurprisingly, Christie’s, a 255-year-old auction house, dedicated a separate press release to it. Metapurse, a global NFT fund whose founder successfully bid and acquired the piece in a Christie’s auction for $69. The Metapurse is a crypto-based fund financed by Metakovan and operated jointly with Twobadour. Metakovan is the chief financier behind Metapurse, a crytpo-based fund that acquires NFTs and other virtual properties; it claims to be the largest NFT fund in the world. 2 weeks Beeple’s $69 Million NFT Sold to Founder of Crypto Fund Metapurse The Wall Street Journal Christie’s said that a cryptocurrency investor based in Singapore won the digital collage whose sale smashed records in markets for both art and nonfungible tokens, or NFTs. It was in December that the Metapurse pair made their first big Beeple investment, buying 20 of his works for $2. Beeple’s $69 Million NFT Art Sold to Founder of Crypto Fund Metapurse. Sundaresan is operating the Metapurse fund with Anand Venkateswaran, who is also known by his pseudonym Twobadour. ” Twobadour is a “wordsmith” and “crypto tinhorn,” according to his Twitter bio. The B. 2 million, and with no “Plan B” in case any of the artworks was won by somebody else. 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. 20 bundle can be bought out by Metakovan, the chief financier of crypto-based fund Metapurse, had caused a stir in the art world when he bought the landmark work by digital artist Beeple at a Christie's auction on March 11. Metapurse was created by Metakovan and his partner Twobadour—also a pseudonym. 3 million (roughly Rs. For Mobile App - Since the Crypto account uses the buying power from your Active Invest account, you must deposit funds there first. The collection, which sold for a whopping $69. They had already bought the twenty unique NFT artworks that Beeple auctioned late 2020. According to him, he made the purchase to show […] Metakovan is the founder of Metapurse, a crypto-based investment firm. 503 crores). It takes the basic concept of crypto and extends it to NFT. Share this: founded Metapurse, the world’s largest NFT fund. We are also focused on enabling exposure to high value assets to a growing community. The mysterious purchaser of the world’s costliest non-fungible token “Everydays: The First 5000 Days” by Beeple, has revealed their id. Metakovan’s Might Be Singapore-Based Crypto Entrepreneur . S. 3 million, is one of the highest art auction sales ever and makes Beeple one of the top three most Metapurse, a crypto and NFT fund financed by renowned NFT collector Metakovan and stewarded by Twobadour, recently announced that it had acquired all 20 of the 1/1 NFT artworks auctioned in December’s Beeple Everydays: The 2020 Collection. Reportedly, that their fund outbid dozens of rivals over the course of the 15-day online contest to win Beeple’s artwork. The Metapurse contains some of the most iconic NFTs in existence, including Urbit Galaxy, F1 DeltaTime III, First Supper, and virtual estates in Cryptovoxels and Decentraland. Metapurse, a crypto and NFT fund financed by renowned NFT collector Metakovan and stewarded by Twobadour, recently announced that it had acquired all 20 of the 1/1 NFT artworks auctioned in December’s Beeple Everydays: The 2020 Collection. Shalini Nagarajan. The first featured piece will be Beeple’s “OCEAN FRONT,” purchased by Sun last week for $6 million. The idea of revaluation is a strong incentive for investment from a business standpoint. fund. Sundaresan is operating the Metapurse fund with Anand Venkateswaran, who is also known by his pseudonym Twobadour. Metapurse defines itself as a crypto-exclusive fund that specializes in identifying early-stage projects across blockchain infrastructure, finance, art, unique collectibles, and virtual estate. Inside U. 3 million in early March, penned a blog post Thursday, disclosing the real names and stories of key figures behind the project. MetaPurse is one exciting crypto product out there. He and his team created the B. He said the The investor, Vignesh Sundaresan, often called Metakovan, based Metapurse, the world’s largest NFT fund. Metapurse was created by Metakovan – also a pseudonym – and his partner Twobadour. More posts from the Metapurse community. This fund offers “B. Elon Musk shocked the world and Tesla investors late Wednesday evening when in a series of tweets he announced Tesla will be ending production of new cars and will become a crypto only hedge fund after the recent report of a $700 million dollar profit from their initial bitcoin investment. Exceptional artwork requires exceptional measures. Christie’s announced that they had bought the piece for 42,329. 2 million worth of NFTs. Launched in 2019, Cindicator Capital is the first crypto hedge fund powered by ‘Hybrid Intelligence’, a combination of AI and the wisdom of thousands of analysts. Metapurse was created by Metakovan – also a pseudonym – and his partner Twobadour. 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’s identity couldn’t be determined, but he is widely known in cryptocurrency circles. MetaKovan runs the NFT fund Metapurse, which holds other works by Beeple, Urbit Galaxy, and virtual estates in Cryptovoxels and Decentraland, among others. Christie’s announced that they had bought the piece for 42,329. The purchase was part of the NFT fund Metapurse, which is now launching a grant for content creators in the crypto space. 3 million non-fungible token (NFT)-based artwork last week says he bought it to ensure the work stays in the crypto space. Likewise, after a Crypto position is closed (a. Sundaresan is working the Metapurse fund with Anand Venkateswaran, who can be recognized by his pseudonym Twobadour. Cryptocurrency investor, who uses the pseudonym Metakovan, revealed that he bought graphic designer Mike Winkelmann's digital artwork for $69 million at a Christie's auction. Full blockchain transparency. Metapurse was created by Metakovan – also a pseudonym – and his partner Twobadour. The biggest draw will doubtless be “Everydays — The 2020 Collection,” a selection of Beeple’s daily digital drawing series launched in 2007, on loan from Metapurse. The fund is run by Sundaresan and Anand Venkateswaran, who goes by the moniker “Twobadour. On NFT art to be precise, he wrote “Anyone can create NFT art, anyone can buy it, anyone can see it, and anyone can be inspired by it. The first non-fungible token (NFT) to be sold at auction reached an eye-watering $69. 20 tokens. The founder of nonfungible token (NFT) fund Metapurse bought the piece, Christie's announced Friday. Supply: A screenshot, superrare. Sundaresan is operating the Metapurse fund with Anand Venkateswaran, who is also known by his pseudonym Twobadour. 503 crores). ” The gains over the years finally rolled into Metapurse, a dedicated NFT fund that invests in crypto art, virtual lands, and in-game assets. Storytellers such as writers, content makers, and producers would get the grant in a span of 12 monthly Metapurse, a crypto-exclusive fund, recently bought ‘Everydays - The First 5000 Days' – a jpeg file – by an artist who goes by the pseudonym Beeple for $69. Metapurse dubs itself as a crypto-exclusive fund started by Mr Vignesh and Mr Anand last year. ” The firm has been acquiring NFTs. The fund, which is led by Twobadour and Metakovan, responded to the reveal with the statement: “Beeple’s Magnum Opus: It was us”. This is the largest purchase of its kind. ” So what’s next for Sundaresan and Metapurse? More NFT investments, for the most part. This in itself was a gargantuan undertaking, utilizing multiple accounts to put other bidders off the scent, costing around $2. Sundaresan also announced details about Metapurse, their crypto-exclusive fund, specializing in identification of early-stage blockchain projects throughout blockchain infrastructure, virtual estate, finance, unique collectibles, and art. Summary List PlacementChristie's caused a stir on Thursday when it auctioned off a piece of digital art — a JPG file — for more than $69 million. bargains +2756% Bitcoin Yearly Average Return Over The Last 6 Years! Get 35% Off Before founding Metapurse, Sundaresan had been actively involved in the crypto industry since 2013, creating crypto exchange Coins-e and co-founding crypto ATM project BitAccess. Metakovan, who's the founder of crypto-based fund Metapurse, paid for the work using Ethereum, the second-largest digital coin. Crypto Hedge Fund Founder Sued in the US. They have already invested in a large portfolio of projects. The buyer, who goes by the pseudonym Metakovan, said the piece is worth multiples of what Metapurse is a crypto-exclusive fund that specializes in identifying early-stage projects. They paid 42,329 ETH for the sale. He mentioned the Beeple digital collage is probably the most worthwhile piece of artwork for this era and is price $1 billion. Metapurse, a world Buyer of Beeple’s $69M NFT on Christie’s discloses identity - Crypto Equations Metakovan is the founder of Metapurse, a crypto-based investment firm. 2 million and gifting the artist with 2% of their new fund of NFT tokens, called Metapurse, a crypto and NFT fund financed by renowned NFT collector Metakovan and stewarded by Twobadour, recently announced that it had acquired all 20 of the 1/1 NFT artworks auctioned in December’s Beeple Everydays: The 2020 Collection. NFT’s allow specific individual things to be sold and traded on the blockchain. 20; a crypto start-up partnering with him for the project, said in a Christie’s has revealed that the $69 million Beeple artwork has been acquired by NFT fund Metapurse. 3 million (roughly Rs. Metapurse, a global NFT fund whose founder successfully bid and acquired the piece in a Christie’s auction for $69. 3 million (roughly Rs. James Tarmy / Bloomberg: MetaKovan, an anonymous digital asset investor and founder of NFT focused crypto-based investment fund Metapurse, is the buyer of the $69M Beeple NFT — A digital asset investor who goes by the handle Metakovan and refuses to give his full name, announced that he is the buyer … Source link The Bitwise DeFi Crypto Index Fund launched on Wednesday, according to a statement from Bitwise Asset Management. This set represents a potential ESTATE of 1,275 LAND with an estimated value of more than $1. $69 million digital collage at auction—a sale that smashed records in markets for both art and nonfungible tokens, or NFTs. Describing Metapurse, the blog said, "Metapurse is a crypto-exclusive fund that specializes in identifying early-stage projects across blockchain infrastructure, finance, art, unique collectibles, Metakovan, which means "meta-king" in Tamil, is an apt title for a man who makes all his money and keeps all his belongings in the "meta" or virtual world. co MetaKovan is It also emerged that the pseudonymous buyer, Metakovan, was Vignesh Sundaresan, a long-time cryptocurrency entrepreneur who owns the NFT index fund Metapurse (of which Beeple himself has a 2% Metapurse, a crypto-exclusive fund, recently bought ‘Everydays - The First 5000 Days' – a jpeg file – by an artist who goes by the pseudonym Beeple for $69. Now, Metapurse has shared a blog post explaining […] The biggest draw will doubtless be “Everydays — The 2020 Collection,” a selection of Beeple’s daily digital drawing series launched in 2007, on loan from Metapurse. Metapurse, a crypto-exclusive fund, recently bought ‘Everydays – The First 5000 Days’ – a jpeg file – by an artist who goes by the pseudonym Beeple for $69. Metakovan Wins Beeple Bidding War MetaKovan, the pseudonymous founder of the NFT fund Metapurse, is the buyer of Beeple’s “Everydays: The First 5,000 Days” NFT. In January, the company Digital collage for $ 70 million was bought by the founder of the Metapurse fund, paying for it with cryptocurrency Justin Bieber, the new life without a cellphone: “I discovered the importance of saying no” Roskosmos showed a new design of the Soyuz-2 rocket, which has changed for the first time in several decades Since the news that the digital collage Everydays – The First 5000 Days has been sold for $ 69,346,250 has generated a lot of interest and discussion, it is helpful to provide some details related to this purchase. B20 tokens can be acquired through Uniswap Metapurse allows someone to buyout the entire collection. Buyers can thus purchase individual NFT’s, and then resell MetaKovan, the pseudonymous founder of NFT fund Metapurse and buyer of Beeple’s $69 million NFT, has revealed himself. Metapurse already owns a smattering of Beeple pieces Similarly, Metapurse, a crypto-based fund and NFT production studio, acquired virtual land in the Cryptovoxels, Somnium Space and Decentraland metaverses. Share this: founded Metapurse, the world’s largest NFT fund. Beeple’s digital collage contains 5,000 unique works created in 5,000 days. 503 crores). Metakovan is also behind Singapore-based Metapurse, a crypto-based investment firm. 453 ETH Metapurse, the combination NFT collection and seed fund for other blockchain projects owned by Sundaresan/Metakovan, also happens to be selling its own cryptocurrency called the B. . Dallas Mavericks owner (and Ethereum enthusiast) Mark Cuban, angel investor Naval Ravikant, and Metapurse—a fund from the pseudonymous NFT investor MetaKovan—have also invested in the company. 503 crores). “When you think of high-valued NFTs, this one is going to be pretty hard to beat. 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. " “The jewel in the crown… . The two -- who are originally from Tamil Nadu -- run Metapurse, which claims to be the world's largest non-fungible token (NFT) fund. Metapurse Digital collage for $ 70 million was bought by the founder of the Metapurse fund, paying for it with cryptocurrency. the Metapurse fund purchased 20 art pieces of Beeple’s for $2. 3m (with fees) or around 38474. The crypto-exclusive fund purchased 20 first-edition artworks on Nifty Gateway for $2. His B. 3 million (roughly Rs. Before founding Metapurse, Sundaresan had been actively involved in the crypto industry since 2013, creating crypto exchange Coins-e and co-founding crypto ATM project BitAccess. They are both scarce and more importantly can be unique, unlike a fungible commodity such as Bitcoin. So, for people who want to access valuable art and combine it with the power of crypto, the MetaPurse fund is one platform for you to explore. The fund also plans to create a physical destination for people to experience its NFT artworks. 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. 3m NFT . The blog also covered the story of ‘Twobadour’, or Anand Venkateshwaran, the steward of Metapurse, a crypto-based fund financed by Metakovan. Metapurse, a crypto and NFT fund financed by renowned NFT collector Metakovan and stewarded by Twobadour, recently announced that it had acquired all 20 of the 1/1 NFT artworks auctioned in December’s Beeple Everydays: The 2020 Collection. Securities and Bitwise crypto fund family tops USD1bn in AUM Crypto hedge fund ARK36 delivers over 118 per cent ROI in Q4 2020 CTAs rise to best monthly gain in five years as managed futures hedge funds end 2020 in “spectacular” style Barclay CTA Index Dips 0. 2 million, and with no “Plan B” in case any of the artworks was won by somebody else. 2 million in December. This in itself was a gargantuan undertaking, utilizing multiple accounts to put other bidders off the scent, costing around $2. 3 million digital artwork that Metakovan, who finances Metapurse, has been collecting high-value NFTs since the beginning of time. " The founder of nonfungible token (NFT) fund Metapurse… Read More Metapurse, a crypto-exclusive fund, recently bought ‘Everydays – The First 5000 Days’ – a jpeg file – by an artist who goes by the pseudonym Beeple for $69. 3 million, is one of the highest art auction sales ever, and makes Beeple one of the top three most valuable living artists. The identity of Metakovan of Metapurse still unknown. An anonymously run Singapore-based crypto fund, Metapurse, was the winner of Thursday’s record-breaking auction of a digital composite by the artist known as Beeple at Christie’s on Thursday Metakovan is the founder of Metapurse, a crypto-based investment firm. Third Point holds over $14 billion in assets and reports an 'event Metapurse found Metakoven is also planning to create a virtual museum experience to view the Beetle artwork online along with some really immersive viewing experience on VR headsets. 3 million on Mysterious crypto investor Metakovan paid Ether in Beeple auction and whose unofficial title is “the steward of Metapurse. Metapurse, the NFT fund started by the Singapore-based cryptocurrency “whale” Metakovan, pseudonymous founder of ‘crypto-exclusive fund’ Metapurse, is the buyer of Beeple’s $69. His B. fund. They have already invested in a large portfolio of projects. The non-fungible token (NFT) ‘Everydays: The First 5000 Days’ by Beeple was sold for a whopping $69 million at a Christie’s auction last week to MetaKovan. The move will reportedly better serve the needs of FD7 investors who are looking to diversify their portfolios in the cryptocurrency space. sold), the funds will be redeposited into your Active account and must settle for one business day before they can be used to purchase more Crypto. eth (@metapurse) March 12, 2021. The MetaPurse Fund is an investment fund which specializes in the identification and early-stage investment of innovative and promising NFT projects. Twobaour 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. SEC on Crypto. Creator of the crypto-exclusive fund financed Metapurse, MetaKovan is an investor that holds the largest known NFT collection in his Metapurse fund. 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. 20 tokens. He said the Beeple’s $69 Million NFT Art Sold to Founder of Crypto Fund Metapurse: “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 non-fungible tokens, or NFTs. The founder of nonfungible token (NFT) fund Metapurse bought the piece, Christie’s announced Friday. Beeple’s $69 Million NFT Art Sold to Founder of Crypto Fund Metapurse: “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 non-fungible tokens, or NFTs. “When you think of high-valued NFTs, this one is going to be pretty hard to beat. — Metapurse. (Bloomberg) -- A digital asset investor who goes by the handle Metakovan and refuses to give his full name, announced that he is the buyer of the record-breaking $69. Metapurse was created by Metakovan – also a pseudonym – and his partner Twobadour. k. Meta-king is a title for a man who makes all his money and keeps all his belongings in the “meta” or virtual world. The fund is run by Sundaresan and Anand Venkateswaran, who goes by the moniker “Twobadour. Metakovan, his alter ego in the virtual world, is a bold, influential persona with more than 20,000 followers on Twitter. 3m NFT Metakovan, the Singapore-based pseudonymous and otherwise anonymous founder and financer of the crypto fund Metapurse, is the buyer of Beeple’s digital work of art The two -- who are originally from Tamil Nadu -- run Metapurse, which claims to be the world's largest non-fungible token (NFT) fund. It was the third-highest sale price ever for a work Before founding Metapurse, Sundaresan had been actively involved in the crypto industry since 2013, creating crypto exchange Coins-e and co-founding crypto ATM project BitAccess. 3 million in early March, penned a blog post Thursday, disclosing the real names and stories of key figures behind the project. A spokesman for him, who goes by Twobadour, confirmed the purchase in a Before founding Metapurse, Sundaresan had been actively involved in the crypto industry since 2013, creating crypto exchange Coins-e and co-founding crypto ATM project BitAccess. 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. James Tarmy / Bloomberg: MetaKovan, an anonymous digital asset investor and founder of NFT focused crypto-based investment fund Metapurse, is the buyer of the $69M Beeple NFT — A digital asset investor who goes by the handle Metakovan and refuses to give his full name, announced that he is the buyer … Source link Share on Facebook Share on Twitter Vignesh Sundaresan has unmasked himself as pseudonymous NFT collector ‘Metakovan,’ who purchased a Beeple artwork for $69 million. Sundaresan is operating the Metapurse fund with Anand Venkateswaran, who is also known by his pseudonym Twobadour. Justin Sun is launching an NFT fund called JUST NFT in the hopes of capturing the high tier of the art market. " The founder of nonfungible token (NFT) fund Metapurse… Read More The mysterious purchaser of the world’s costliest non-fungible token “Everydays: The First 5000 Days” by Beeple, has revealed their id. The MetaPurse Fund is an investment fund which specializes in the identification and early-stage investment of innovative and promising NFT projects. 20 bundle. The idea of revaluation is a strong incentive for investment from a business standpoint. Metapurse’s mission, according to its website, is to “democratize access and ownership to artwork. The anonymous buyer put in a bid of $250,000 over the The world's biggest crypto fund manager says bitcoin is the next step in the evolution of money - and 'I can't use it to buy coffee' is no longer a sound argument. In a blog post on Metapurse, millionaire Metakovan is the founder of Metapurse, a crypto-based investment firm. A fraction of an NFT, utilized by MetaKovan as a profile image on Twitter. The founder of the world’s biggest NFT fund bought Beeple’s landmark piece. If you took a virtual walk through his collection, you would have to traverse the largest single estate in Decentraland and run through vast swathes in Cryptovoxels, Somnium Space, and The Sandbox. The suspense behind who’s the real buyer for Beeple’s Digital artwork NFT that sold for a staggering $69 million, is finally out. This breaks the record for the most expensive NFT ever sold. Now, Metapurse has shared a blog post explaining … Not much is known about the pseudonymous MetaKovan other than the association with the Metapurse NFT fund, the largest such fund in the world. 2 million to add to its portfolio MetaKovan runs the NFT fund Metapurse, which holds other works by Beeple, Urbit Galaxy, and virtual estates in Cryptovoxels and Decentraland, among others. 20 project is our pilot in this effort. It supposedly curates early-stage NFT projects across blockchain infrastructure, such as digital art, collectibles, and virtual estate. What’s interesting is that Metapurse already offers fractional ownership for some of Beeple’s other works. 8 Million. The official announcement was made by the 250-year-old auction house Christie’s, which conducted the sale. MetaKovan spent a whopping $69. The fund is aiming to tokenized "world-class" art on the blockchain. However, as per independent reporter Amy Castor, Metakovan could be crypto entrepreneur Vignesh Sundaresan, and the NFT auction might have an agenda. ” The Singaporean crypto-investor who bought the Beeple piece said he would have paid even more because it represents 13 years of everyday work. 02 per cent in January Hedge fund giant Man Group sees funds under management hit record high as It would be more than 18 months before the owner was revealed as MetaKovan, the founder and financier of the NFT-focused crypto fund Metapurse. An ETF trades on the stock market, and investors won't need to set up a crypto MetaKovan, the pseudonymous founder of MetaPurse, is the buyer behind the $69 million winning bid for a Beeple NFT at Christie’s yesterday. Metakovan, whose real name was not disclosed, is the founder of Metapurse, the world's largest NFT fund, Christie's said in a statement. … This is the largest purchase of its kind. The Metapurse contains some of the most iconic NFTs in existence, including Urbit Galaxy, F1 DeltaTime III, First Supper, and virtual estates in Cryptovoxels and Decentraland. Bitcoin (BTC) “It is Worth $1 Billion,” says The Largest NFT Fund That Bought Beeple’s “The First 5000 Days” March 13, 2021; Metapurse Autonomous 'token-as-a-fund'. feel free to email contact@metapurse. 2 million and gifting the artist with 2 percent of their new fund of NFT tokens, called B20s, that were designed so allow large groups of people to share ownership of an art piece. co MetaKovan is the pseudonymous buyer of a non-fungible token (NFT) piece valued at nearly USD 70m – but some claim to know his identity, and that there is a conflict of interest present given the existing business […] FD7 Ventures, a Dubai-based crypto investment fund, today said it plans to unload $750 million worth of their Bitcoin holdings over the next 30 days to buy two altcoins, Cardano (ADA) and Polkadot (DOT). The auctioning of Beeple’s artwork was not one without controversy. 2 Indian-origin Singaporean entrepreneurs urge India to not ban crypto currencies run Metapurse, which claims to be the world''s largest non-fungible token (NFT) fund. 3- Nifty Gateway collection included Metapurse describes itself as a “crypto-exclusive fund that specialises in identifying early-stage projects across blockchain infrastructure, finance, art, unique collectibles, and virtual estate”. It has been created to actively engage with causes that resonate strongly with us and promote cultural cross-pollination. However, as per independent reporter Amy Castor, Metakovan could be crypto entrepreneur Vignesh Sundaresan, and the NFT auction might have an agenda. Metapurse locked some highly-priced NFTs in a smart-contract vault and launched “B20 tokens,” which provide pro-rata ownership of the vault. S. Metapurse, a crypto and NFT fund financed by renowned NFT collector Metakovan and stewarded by Twobadour, recently announced that it had acquired all 20 of the 1/1 NFT artworks auctioned in December’s Beeple Everydays: The 2020 Collection. That's not the case anymore. Metakovan said on Beeple’s NFT art: “Techniques are replicable and skill is surpassable, but the only thing you can’t hack digitally is time. Since inception, we have sought to acquire culturally significant NFTs that have earned a moment in history - from the largest single estate in Decentraland to genesis NFTs like the F1 Delta Time 1-1-1 and the first Crypto News. The buyer of that auction was someone by the name of MetaKovan – the main financier of something called Metapurse, a fund that exclusively buys NFTs and other digital assets – it’s supposed to the biggest NFT fund in the world. No Result The suspense behind who’s the real buyer for Beeple’s Digital artwork NFT that sold for a staggering $69 million, is finally out. An NFT uses Beeple NFT Sold to Metapurse Crypto Fund in Christies Digital Art Auction - Bloomberg, by Beeple NFT Sold to Metapurse Crypto Fund in Christies Digital Art Auction Bloomberg A secretive metaverse creator bought the $69 million Beeple NFT The Verge Batman leads DC into NFT crypto art The winning buyer of the piece was Singapore-based crypto investor and co-founder of NFT fund Metapurse, who goes by the pseudonym Metakovan. Describing Metapurse, the blog said, "Metapurse is a crypto-exclusive fund that specializes in identifying early-stage projects across blockchain infrastructure, finance, art, unique collectibles Founder and financer of NFT fund Metapurse Metakovan bought popular digital artist Beeple's 5,000-day collection for nearly $70 million dollars, British auction house Christie's announced Friday. It was in December that the Metapurse pair made their first big Beeple investment, buying 20 of his works for $2. With the wealth generated from his early crypto investments, the investor went on to found Metapurse — a crypto-exclusive fund that invests in early-stage projects across blockchain Sundaresan is also the chief financier of the Singapore-based NFT production studio and crypto fund Metapurse, which he runs alongside his collaborator Anand Venkateswaran (also known as Twobadour). Thursday, March 18, 2021. The founder of the world’s biggest NFT fund bought Beeple’s landmark piece. 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. 20 holders will receive the proceeds, pro-rata. com ; http://binance. ” The MetaPurse Fund owns one of the largest ESTATES on the map (made up of 546 plots), side by side to a set of 705 individual plots. 453 ETH this afternoon. In person, the man who says he is the chief financier of crypto-based fund Metapurse is an introvert. metapurse crypto fund