Unchained Unconfirmed: MetaKovan on Why He Spent $69 Million on a Jpeg - Ep.221
Mar 19, 2021
MetaKovan, the pseudonymous buyer of Beeple's groundbreaking NFT and founder of MetaPurse, dives into his monumental $69 million purchase. He explains why he believes NFTs surpass physical art by tenfold, attributing this to Beeple's impressive 13-year artistic journey. The discussion also touches on his vision for the metaverse, the importance of digital identity, and the comfort that comes with investing in what many might see as a trend. Throughout, he shares insights on the transformative nature of NFTs and community engagement in the digital realm.
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NFTs and Cultural Impact
- MetaKovan has been involved with NFTs since 2017, developing theses about their implications.
- He believes their cultural impact is attracting new people to the crypto space, like artists.
NFTs vs. Physical Art
- MetaKovan argues that NFTs are superior to physical art, especially for contemporary works.
- He values Beeple's 13-year daily art creation process as a powerful testament to dedication.
NFT Composability
- MetaKovan emphasizes the "composability" of NFTs, similar to DeFi protocols.
- This allows for fractionalization, provenance tracking, and integration into the metaverse.