Unconfirmed: MetaKovan on Why He Spent $69 Million on a Jpeg - Ep.221

Unchained

Mar 19, 2021•40 min•Ep. 221

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Episode description

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:

https://metapurse.fund/

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/