On Thursday morning a Beeple NFT was sold for $69 million at Christie’s auction house. This was a record-breaking amount within the NFT art industry. The buyer of the piece has since been revealed as the crypto investor who goes by the pseudonym, Metakovan.
The real identity of Metakovan is unknown, but he is the co-founder of the NFT collection MetaPurse. Furthermore, Metakovan already owns the largest collection of Beeple. He even fractionalized the ownership of one collection of Beeple with a special token called the B.20 Coin.
Metakoven Praises Beeple NFT Artwork
Metakovan heaped massive praise on the artwork in a statement. “When you think of high-valued NFTs, this one is going to be pretty hard to beat,” Metakovan said in the announcement. “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.”
Metakovan’s partner at Metapurse, who goes by Twobadour, also spoke with CNBC calling the piece “the most valuable work of its generation.” He noted that they don’t know their exact plans for this work, but options include fractionalizing it or offering it as a new token. He also 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.
Twobadour added that “We made history and we created a god” in Beeple.
The piece itself, “Everydays: The First 5,000 Days” took nearly 14 years to create. Beeple created a new piece of art every day and put them together in a collage to create the piece. It has been called “one of the most unique bodies of work to emerge in the history of digital art.”