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Wednesday, March 31, 2021

 from design taxi

in March this year, Beeple’s NFT artwork titled Everydays—The First 5000 Days was flung into the spotlight after being purchased at US$69.3 million. That’s not the end of its story, though—we’re still hearing about it today.

Although it wasn’t specified at the time who the buyer was, we now know that it’s someone called Vignesh Sundaresan, also known as MetaKovan. We now also know that, surprisingly, he’s not very possessive over his purchase or the ownership of the token, which is a large appeal when it comes to buying and owning the NFTs.

In fact, he told Bloomberg that he’d like it if everyone could download a copy of the artwork.

“If you have an NFT, I believe everyone gets to enjoy it. But you don’t need everyone to pay for it. There can be a few people who pay for this production, and they get a credit to have been part of this production. And that’s it,” the cryptocurrency entrepreneur and investor stated.

Giving the example of artists releasing music, he also pointed out that there’s a chance that it’d be pirated. There is also the argument that some make, saying that anyone could just right-click an NFT for free and “Save Image As” it for themselves. “Information wants to be free,” he summarized.

Instead, the concept of an NFT takes away the importance of a copy of the file, and gives that value to something else: “the idea that some person supported an artist at some time and this was the memorabilia.”

“I don’t want to be part of something very exclusive,” he continued. “In a way we are trying to do something very inclusive.”

Sundaresan is currently working on a programmable music project alongside 40 artists from India. “They figured how to route it—for every sale, the payment trickles out and gets out to everyone. I think it’s great model to look at how we bridge cultures from all over the world and present them in a global market.”

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