Singapore Investor Reveals Identity After Record‑Breaking Crypto Art Splash
Picture this: a mysterious Singapore money‑monger spends $69 million (S$93 million) on a digital collage that’s the art world’s new headline.
We’re talking about Metakovan, the mastermind behind the Metapurse fund—though, honestly, we’re not posting any links here. He grabbed Beeple’s landmark piece, Everydays: The First 5,000 Days, at Christie’s on March 11. The auction house announced the sale to a “Singapore buyer named Metakovan (Tamil for ‘king of meta’),” but kept the real name under wraps.
Suddenly, he shows up on the scene
- Identity disclosed: Metakovan is in fact Mr. Vignesh Sundaresan, a coder‑turned‑angel‑investor in blockchain tech.
- Who’s he teamed with? His partner is Anand Venkateswaran, nicknamed Twobadour, who’s been doing crypto wizardry all along.
- Background check: Both hail from Tamil Nadu, India, and dream of making the world’s south feel like they’re in the crypto big leagues.
In a chat via Google Hangouts with The Straits Times, Mr. Sundaresan said, “If my story can make someone say, ‘Let’s not ban crypto,’ I’m ready to step out. People need to know we’re not pulling any shady moves—just a bold, public declaration above all the speculation.”
What’s the big idea?
Metakovan + Twobadour run Metapurse, brandishing the title of “world’s largest NFT fund.” Think of it as a Kickstarter for the metaverse, but with actual blockchain ownership.
The record‑holding piece, Beeple’s Everydays, is an NFT— a one‑of‑a‑kind digital certificate that is authenticated on the blockchain. It sold for more than any other living artist’s work, trailing only legends like David Hockney and Jeff Koons.
How did they pay?
Using the second biggest digital coin, Ether, Metakovan bought the masterpiece. Christie’s had been “blame the seller for a naive person,” but all the works vanished into the ether (pun fully intended).
More than just a card
- LinkedIn confirms: He’s also CEO of Portkey Technologies, a Singapore‑based IT consulting firm.
- Virtual escapades: In late 2023, they curated the “B.20 project” on Nifty Gateway, buying 20 Beeple pieces for $2.2 million.
- Metaverse real estate: They then hopped into virtual worlds, hired virtual architects, and built colossal landmarks for those art pieces— all topped off with custom soundscapes.
- Fractional ownership: Finally, they packaged these NFTs into “B20 tokens,” letting anyone buy a slice of the masterpiece.
So, there it is. From a cryptic “Metakovan” to a public crusader for crypto, all wrapped in an adventurous flip into the metaverse. If this story’s been enough to scratch that itch about banning crypto—then we’re all blessed by this digital renaissance in a land of spices and smartphones!
Metakovan’s Bold Crypto Move: $200M Milestone and New Fellowship
Just last week, Metakovan dropped a bombshell on Clubhouse, revealing that their bundle’s market capitalisation has surged up to an impressive $200 million. And that’s just the tip of the iceberg.
Enter the Metapurse Fellowship
They’re rolling out something called the Metapurse Fellowship, kicking off with a cool $500,000 purse. The plan? In the inaugural edition, they’re handing out $100,000 to five storytellers – think writers, producers, and content creators – spread over 12 monthly stipends.
What’s the deal for applicants?
- Show us a portfolio of work.
- Have personally minted at least one NFT.
- Prove you’re not an anti‑coiner – people who don’t hold crypto and think it’s doomed.
So, if you’re a creator who’s already dipped into the NFT world and you’re not afraid to keep the crypto coins in your wallet, you’re in the running to snag a slice of that $100,000 slice!
Why the hype?
Metakovan’s jump to $200M shows the community that crypto isn’t just about speculation; it’s about tangible value. And by backing creators who understand NFT tech, they’re sparking a new wave of content that feels both grounded and futuristic.
Stay tuned – this could be the beginning of a fresh, creative cryptocurrency renaissance.
