Beeple’s The First 5000 Days has sold for an astounding $69 Million. The auction price was paid by approximately 42K ETH. We will continue to update this post as we learn more.
The hypothetical crash that we speculated about is most likely NOT HERE! We will update that article: What is Next for NFTs?.
The work ranks #3 in all high sales for a living artist.
The buyer is the elusive crypto figure “MetaKovan”, who is apparently chief financial officer of a project called Metapurse: https://www.metapurse.fund/. MetaKovan allegedly is based in Singapore. MetaKovan is best known for tokenizing a December Beeple drop into the B20 token. Metapurse describes there efforts to that effect here. MetaKovan’s real identity is hypothesized to be Vignesh Sundaresan, according to Amy Castor.