This Week in Startups MetaKovan on financing digital art & buying Beeple’s $69M NFT, plus Clubhouse facing new competition in social audio | E1200
Apr 20, 2021
MetaKovan, a crypto investor famed for buying Beeple's $69 million NFT, shares insights on the evolving digital art landscape and its significance beyond mere investment. He discusses the challenges in social audio platforms like Clubhouse, emphasizing competition from giants like Reddit and Facebook. The conversation also highlights the importance of supporting emerging artists through community-focused funding and the transformative potential of NFTs in reshaping art ownership and investment strategies within the crypto realm.
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MetaKovan's Background
- MetaKovan, a metaverse avatar, has been active in the NFT space since 2017.
- His real name is Vignesh, and he's been involved in crypto since 2013, building companies like a Bitcoin ATM company.
Source of MetaKovan's Wealth
- MetaKovan made his money primarily through cryptocurrency investments, starting with Bitcoin and then Ethereum.
- He emphasizes a free-market approach, allowing early-stage investment in high-growth startups.
Investing in Tokens vs. Companies
- MetaKovan prefers investing in tokens over companies due to liquidity.
- He moved to Singapore for its favorable capital gains tax laws, enabling easier reinvestment.