The guy in the photo is the secret Bitcoin Billionaire. He is the one who turned a $5,000 investment into a billion dollars! He is the one who paid $70,000,000 for a virtual piece of art! Whew! That is a lot of money.
Everydays: The First 500 days (NFTs)Everydays: The First 500 days (NFTs)
The second photo is the digital art that cost $69.3 million, which was bought by our secret billionaire. It is a Non-fungible Token(NFT). What is NFT?
Accordng to Economic times, NFTs or Non-fungible Tokens transforms digital artwork into unique verifiable digital assets that are tradable on the blockchain. NFTs assets have taken the crypto world by storm with other notable sales including a video clip of LeBron James which sold for over $200,000 and the decade-old "Nyan Cat" GIF which went for $600,000.
Let's go back to our star of this article. He came from South India and started from nothing. His name is Vignesh Sundaresan, Singapore-based blockchain entrepreneur, coder, and angel investor identified himself as "Metakovan" the buyer behind Beeple's digital art piece "Everydays: The First 500 Days."
This guy from South India did not grow up with money. In fact, for most of his life, he could not afford to buy a laptop. He could only afford to buy a flash drive where he kept all his files. At night, when all of his friends are going to sleep, he would borrow their laptop and with his pen drive, he learns how to code.
And on the internet, he saw an opportunity. So he learned how to code and how to build websites. Simple websites that do simple tasks. In total, he built 54 websites, and 51 of them were complete failures.
Until one day, he stumbled upon Bitcoin. He immediately was drawn to the idea and realized that this Bitcoin technology could be big.
It has a global idea and it had people who are passionate about it from all over the world.That really made me feel this is going to be really big-Metakovan.
So he adopted Bitcoin, Ethereum, CRYPTO, and Blockchain. Even when everybody said this was a fad! According to Metakovan, "Everything that's new is initially rejected. They laugh at first in the same way Bitcoin was laughed at. But that's when I know that something might work. So when people would laugh at something immediately my brain goes maybe we should try it!"
Eight years ago, Metakovan believed in Bitcoin so much that he put every little saving he had into it and invested all his time in building Bitcoin companies. Over the years, his bet took off and he went from being a broke software engineer to a BIllionaire crypto holder.
But don't expect the lifestyle of a billionaire because in reality, nothing in his life has changed. He doesn't own cars, houses or stocks. 99.9% of everything he owns is still in crypto. This guy owns nothing in the real world, but he owns a lot in a virtual one. Because he believes that everything is going virtual.
Money, land and art are virtual. Apparently, his jacket is also a crypto. When he was ask about how exactly his jacket a crypto?
There are only 40 pieces of this in the world, and they call it a Genesis edition. This is attached to the block chain. There's an address here so if you go to the block chain and type this address, you will see that it is a NFT and you will see that I own it. It has also an RFID chip. The jacket cost $660-Metakovan
That's why last week he made headlines for buying digital art for $70,000,000 from an artist in America. It is the most expensive virtual purchase ever!
What went through your mind when you clicked "Buy"?
In the auction, my mind was like you know like I had nothing in my mind. I'm going for it,that's it. Actually, the funny part is a lot of people think that I was nervous and stuff, I was not. I knew this was happening and I had to do it. So I did it!
My fund which is Metapurse, we're planning to build this monument in the Metaverse which is a virtual space. So we have land there and we're going to build huge monument and put this art there so that people can enjoy the 440 million pixel art in it's true form. Because it is a digitally native picture.
What is Metaverse?
The Metaverse is a collective virtual shared space, created by the convergence of virtually enhanced physical reality and physically persistent virtual space, including the sum of all virtual worlds, augmented reality, and the Internet.source
For this guy, buying a $70,000,000 piece of crypto art was not just an investment. It was an act of support. He wants to support creators, artists, singers, musicians, people from all over the world. From any race, any gender, any color!
If it wasn't obvious by now, this is not about money. This is about Decentralization.
Decentralization is the idea that value will not come only from the west, it will come from the rest!
The next Gucci will not come from Italy, it will come from Jordan.
The next bank will not com from New York, it will come from Vietnam.
And the next billionaire will not come from San Francisco, they will come from South India.
Closing thoughts
In crypto world, anything could happen. No matter what crypto your investing into, you should take a risk for you to succeed. Just like Metakovan that invested so much in Bitcoin and years later became a billionaire. @damelindz❤❤❤
Awesome! I love your closing thoughts! Nothing is impossible in the cryptocurrency world. Who knows we can be a millionaire one day because we believed in bitcoin cash.
Awesome! I love your closing thoughts! Nothing is impossible in the cryptocurrency world. Who knows we can be a millionaire one day because we believed in bitcoin cash.