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> What’s interesting is that Beeple, the creator of the artwork, is actually a business partner of MetaKovan’s. He owns 2% of all the B20 tokens. I’m sure there
by patentatt 6y ago
> What’s interesting is that Beeple, the creator of the artwork, is actually a business partner of MetaKovan’s. He owns 2% of all the B20 tokens. I’m sure there is no conflict of interest here.
And they're basically selling it off to 'investors.' So it was really just an elaborate marketing ploy for some shady crypto currency? I'm surprised an institution like Christie's was willing to lend their reputation to such an endeavor. Or were they conned too? Or did they actually net that $9m 'fee' which is enough to buy Christie's reputation?
- vmception 6y agoPrivate equity funds participate in art auctions all the time, crypto in this case just makes it easier to make something analogous to an ETF.
- ed25519FUUU 6y agoTo get an idea of what’s selling for $70 million, take a look at: > https://mobile.twitter.com/beeple/status/1347406074685566977 https://mobile.twitter.com/beeple/status/1347406074685566977 There’s too much money being pumped. Crypto is a symptom not a solution.