Metakovan is the founder of Metapurse, a cryptocurrency investment firm

Metakovan is one of the most mysterious figures in crypto space. He is the founder of the Metapurse, a cryptocurrency investment firm. In addition, he was recently revealed to be the mystery buyer of the Beeple’s $69.3 million non-fungible token (NFT) art.

In this article, we will closely examine Metakovan and his involvement in crypto space.

Table of Contents

Who is Metakovan

Metakovan is a pseudonym for the founder and chief investor of Metapurse, a cryptocurrency investment firm and one of the world’s largest holders of NFTs (non-fungible tokens). In March 2021, Metakovan purchased the world’s most expensive digital artwork for over 69 million dollars, known as The First Million.

Metakovan’s identity remains unknown, with only rumours and speculation surrounding who this mysterious individual is. Born in 1989, Metakovan is rumoured to originate from Singapore or India, though no one is certain.

In addition to being involved in the cryptocurrency industry, Metakovan boasts experience in venture capital and technology operations. He specialises in token economics and design, environmental engineering, algorithmic trading and quantitative analysis. In addition, he frequently speaks at conferences, discussing decentralised finance (DeFi), blockchain economies and automated market making algorithms.

Metapurse has been funded by major venture capitalists such as Andreessen Horowitz and SV Angel which speaks to the fund’s success under Metakovan’s direction. In addition, his willingness to invest heavily into digital art pieces has also demonstrated his vision for transforming art ownership through blockchain technology.

Metapurse’s mission

Metapurse is a cryptocurrency investment firm committed to building bridges between art and blockchain technology. Founded by Metakovan, a well-known figure in the cryptocurrency world, Metapurse strives to be a pioneer in the field of cryptocurrency investments and bridge the gap between art and blockchain technology.

With strong ties to the art world, Metapurse seeks to combine the creativity of art with new technologies. Applying blockchain technology to artistic projects and sculptures enables crypto investors to participate at a deeper level in the creative economy. The company aims to continue innovating with new creative applications for their investors, combining artwork with entirely new ways of investing resulting from advances in digital asset management.

At its core, Metapurse’s mission is not just about creating financial return but also positively impacting society by connecting people globally through innovative platforms that foster creativity and collaboration and explore unique possibilities beyond traditional investment portfolios. The goal is fueled by ensuring we create lasting social impact through our efforts by cultivating prosperous relationships between our clients and encouraging them to create something meaningful together.

Metakovan, mystery buyer of Beeple’s $69.3 million NFT art, reveals identity

Metakovan has recently been revealed as the mystery buyer of the $69.3 million NFT art piece by Beeple. Little is known about Metakovan, and his identity has been kept a secret until now. Despite his sudden rise to fame, Metakovan is no stranger to cryptocurrency – he is the founder of Metapurse, a cryptocurrency investment firm.

Let’s take a look at Metakovan’s background.

Early life

Metakovan, also known as Vignesh Sundaresan, was born in India and raised in Singapore. He started coding at the age of 14 and earned a degree from the National University of Singapore when he was 20.

He worked for a few years as a software engineer in Singapore before joining Dell Technologies where he was quickly promoted to be its youngest technical architect. In late 2017, Metakovan made history by buying Beeple’s Everydays – The First 5000 Days piece for $69 million (USD), setting the record for highest sale price ever paid for digital artwork.

Having already built an impressive career as an engineer and entrepreneur, Metakovan shows no signs of slowing down. His passion continues to make an impact by investing in blockchain-based businesses and open source protocols that have the potential to revolutionise many industries worldwide.

Professional experience

Metakovan, born Vignesh Sundaresan, has extensive experience in business, finance and technology. Prior to founding Metapurse in 2018, he held positions at IBM’s R&D Labs in India and Singapore. During his time there he worked on various projects related to blockchain technology, distributed ledger systems and enterprise solutions for large companies.

He also spent several years at a top-tier venture capital firm based in Silicon Valley analysing deals from startups across the tech industry.

In his early career as a trader on Wall Street, Metakovan developed a deep expertise in financial markets and investment management. He quickly rose to become one of the top traders in his category. This laid the foundation for his entry into cryptocurrency investing, where he quickly gained acclaim as a pioneer and leading voice.

Today, Metakovan serves as the founder and CEO of Metapurse which is focused on making novel use of blockchain technology for projects such as art investments, digital asset securitisations and other tokenized asset classes. He has made some of the largest single contributions ever towards artworks like Beeple’s Everydays – The First 5’000 Days which was sold at Christie’s auction house for an unprecedented $69 million – making it one of the most valuable works of art by an artist living today.

Metapurse

Metakovan is the mysterious buyer of the world’s most expensive NFT artwork – ‘Everyday: The First 5000 Days’ by Beeple, which sold for $69.3 million.

Metakovan is also the founder and head of Metapurse, a cryptocurrency investment firm.

This article will take a closer look at Metapurse and the impact it could have on the NFT and crypto markets.

Background

Metapurse is a cryptocurrency investment firm founded by Metakovan, a prominent art collector and patron with extensive experience in the blockchain space. The company was established in 2020 to support emerging cryptocurrencies, focusing on projects leveraging the potential of decentralisation technology and smart contract-based protocols to build new financial infrastructure. In addition, Metapurse uses its expertise to identify opportunities for strategic investments and incubate new protocols, platforms and products, thereby supporting the development of these projects.

The team behind Metapurse consists of diverse individuals from around the world who have spent time studying traditional financial markets and new technologies related to blockchain and cryptocurrencies. This mix of experience allows them to identify promising projects early on and gain insight into their potential in future markets or segments.

In addition, Metapurse has created an internal research arm dedicated to understanding new blockchain applications and assessing their viability for long-term investments. This helps ensure that all investment decisions are backed by thoughtful research and analysis.

Investment strategy

Metapurse has built a long-term investment strategy focusing on the ethos of support and creative freedom. The firm believes that merely investing in the right products is not enough. Instead, operating focusing on core principles should be acted upon to deliver long-term value.

Metapurse has invested in various cryptocurrency-related projects and initiatives, including Ethereum (ETH) initiatives such as DAOs, NFTs and DeFi, and a generally diversified portfolio covering many different blockchain ecosystems. Over the years, Metapurse has partnered with leading firms and investors worldwide to build decentralised global networks to bring innovation to mature markets. In each project, Metapurse builds relationships closely with developers and teams to help foster sustainable growth for their respective companies or initiatives.

Metapurse also places a high priority on developing an ecosystem for token owners through product development updates, equity participation structures among current shareholders, strategic investments from its venture fund arm Pulse India , research into new use cases for its tokens like Wrapped METK (wMETK), social media curations and even product giveaways – making them integral parts of empowering both businesses and users alike on blockchains today.

Metakovan’s Recent Purchase

On March 11, 2021, Metakovan, the mystery buyer of Beeple’s $69.3 million Non-Fungible Token (NFT) artwork, revealed his identity as the founder of Metapurse, a cryptocurrency investment firm. Metakovan’s purchase set a record for the most expensive digital artwork ever purchased and marked a milestone for the growth of NFTs in the art industry.

Let’s look closer at Metakovan’s recent purchase and its impacts on the art world.

Beeple’s $69.3 million NFT art

On March 11, 2021, Metakovan, the founder of Metapurse, made international headlines by making the single largest art purchase in history for a Non-Fungible Token (NFT) digital art work. Metakovan purchased Beeple’s famed piece “Everydays: The First 5000 Days” for 69,346.9 Ethereum tokens (approximately USD 69.3 million). Non-fungible tokens are digital assets that can be purchased and traded on blockchains; they are unique and non-interchangeable.

Beeple created his artwork, “Everydays: The First 5000 Days’ ‘ over 13 years between May 1st 2007 to January 7th 2021 – a total of 5,000 days – producing one artwork daily with no break in between. Metakovan stated that he wanted to acquire this artwork to preserve it because it stands as an icon for what can be achieved by a creator when they stay true to their vision even through obstacles and setbacks and comes at an historic point during the rise of decentralisation and DeFi (Decentralised Finance).

By paying such a high price for this NFT digital asset, Metakovan is helping propel NFTs into mainstream art world recognition. With this purchase, Beeple became only the third living artist to have one of his works sell for more than $50 million at auction — joining Jeff Koons and David Hockney in a very elite club among artists whose works have commanded monumental sums.

Mystery buyer revealed

The mystery buyer who purchased the digital artwork “Everydays: The First 5000 Days” by artist Mike Winkelmann (better known as ‘Beeple’) for a record US$69.3 million has been revealed to be Metakovan, the founder of Metapurse, a leading cryptocurrency investment firm.

Metakovan announced in a blog post that he was behind the purchase of the artwork, a collage of over 5,000 individual frames created with digital systems software such as Adobe Photoshop and Corel Painter. He also revealed that he had purchased the work on behalf of Merkle Smath, an irrevocable trust , set up to manage his holdings in NFTs (non-fungible tokens).

Metapurse has become well-known for its impactful investments into blockchain technology and DeFi projects. Metakovan described his purchase of the Beeple artwork to demonstrate his faith in the crypto-driven digital art landscape: “We wanted to commit our long-term support and belief in this new field so we put our money where our mouth is.”

He further elaborated, “We believe passionately that NFTs are going to be part of what moves us towards visual sovereignty – when all creators will able to protect and monetise their intellectual property – and this is why we decided most impactfully to demonstrate our commitment financially at this early stage”