“It is Worth $1 Billion,” says The Largest NFT Fund That Bought Beeple’s “The First 5000 Days”

“It is Worth $1 Billion,” says The Largest NFT Fund That Bought Beeple’s “The First 5000 Days”

Metapurse, founded by Metakovan, bought it for more than 42k ETH, worth nearly $69.35 million, calling it “the most valuable piece of art for this generation.”

Metapurse was the buyer of the $69,346,250 digital artwork “The First 5000 Days” by artist Mike Winkelman, famously known as Beeple.

An NFT production studio, Metapurse is the largest NFT fund in the world. Metakovan is the pseudonymous founder and financier of the fund that broke the record for the most expensive NFT ever sold by bidding 42329.453 ETH. Metakovan said,

“When you think of high-valued NFTs, this one is going to be pretty hard to beat.”

“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.”

The auction ended on Thursday, which was hosted by the oldest auction house Christie’s, which had its first purely digital artwork with a unique NFT and also accepted cryptocurrency for it. Around 22 million viewers tuned in to Christies.com for the final moments of bidding, revealed the official announcement. Guillaume Cerutti, CEO of Christie’s said,

“The possibilities for what comes next in this field are inspiring, and we look forward to more collaborative innovations in the near future.”

The digital artwork is the third most valuable artwork ever sold by a living artist.

Twobadour, who operates the NFT fund along with Metakovan, said the sale of Beeple’s artwork had made “history” because this involved a renowned auction house, a contemporary artist, and a wholly digital masterpiece which is acquired by a person of color.

“This certainly is history. We also hope it is the future,” Twobadour said.

This article is Originally posted on CoinCentral.com
Author: AnTy

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