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Metakovan, the anonymous founder of NFT investment fund Metapurse, was confirmed by Christie’s as the buyer of the record-breaking $69.3 million digital artwork that sold Thursday. “I think this is going to be a billion-dollar piece,” Metakovan says in an interview over Google Hangouts. “I don’t know when.” Watch the last few minutes of the auction here as the price jumps from $14m to $69m.
Metakovan paid using Ethererum, the world’s second-biggest digital coin; approximately 42,329.453 ETH total, according to a Christie’s rep. Accepting crytpocurrency is a first for the 254-year-old auction house and a major nod to the payment form’s legitimacy. A 10:11 a.m. EST on Mar. 11, a short time after the lot hammered, Ether was trading at $1,815 to the dollar. Quicktake What’s an NFT? This isn’t the first time that Metakovan has bought works by Beeple. In a December auction of original Beeple’s art on the online marketplace Nifty Gateway, Metakovan purchased 20 images for a combined $2.2 million. He later fractionalized them. Currently, those works have a market cap of $163.5 million.
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