Metakovan and Twobadour Joined Forces to Buy the $69.3 Million Beeple. Here’s What Their Split Tells Us About the Future of the NFT Market | Artnet News

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Metapurse has had to change course amid the bear market for NFTs.

In the year and a half since their headline-making buy, Metakovan and Twobadour emerged as ambassadors for the NFT world and mademusic by 3LAU, and works by other NFT stars like Pak and Snowfro—much of which has been bundled together and tokenized by their company Metapurse’s B20 token. In their publicity tour after the Beeple sale, the pair revealed plans tofor people who, like them, identified with the Global South.

Although they have different strategies for approaching art and investing, it seems that Twobadour focused on relationship-building, while Metakovan was more interested in financing and collecting. platform allowed users to exchange what was back then an emerging market for alt-coins like Litecoin and Dogecoin. Notably, it was Dogecoin that nearly ruined Metakovan early on, after a divergence in the blockchain enabled people to freely access coins on his exchange for several hours while he was on a trans-Pacific flight. “Dogecoin nearly bankrupted me,” Metakovan said.

Metakovan and Twobadour believed that if they focused their energies on early-stage venture capital projects related to Ethereum—ranging from finance to art, unique collectibles, and virtual real estate—they would be poised to make an impact on what, back then, wasn’t even called Web3. As smart contracts gained popularity, the duo felt like they were onto something.

 

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