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Metapurse's Twobadour Paanar opens up on why they bought Beeple for $69 Million

India has a large bunch of blockchain developers, this is an opportunity to stay ahead of the curve, and spark an environment of entrepreneurship out of India, says crypto entrepreneur duo Vignesh Sundaresan and Anand Venkateswaran

March 25, 2021 / 09:07 AM IST
Twobadour Paanar aka Anand Venkateswaran describes himself as the steward of Metapurse who bought Beeple’s First 5000 days, a digital NFT-based artwork for $69 Million

Twobadour Paanar aka Anand Venkateswaran describes himself as the steward of Metapurse who bought Beeple’s First 5000 days, a digital NFT-based artwork for $69 Million

Two immigrants from Tamil Nadu took the world of digital art by storm when they bought Beeple’s First 5000 days, a digital NFT-based artwork for $69 million, making it the most expensive NFT (non-fungible token) ever sold.

They revealed their identities last week. Metakovan and Twobadour Paanar, who run the Singapore-based crypto fund Metapurse, are Vignesh Sundaresan, a serial crypto entrepreneur ​and Anand Venkateswaran, who transitioned from the world of media and communications to crypto and NFTs. Twobadour Paanar aka Anand, who describes himself as the steward of Metapurse, spoke to Moneycontrol’s Chandra R Srikanth on the Beeple purchase, the disruption in digital art and the future of cryptocurrencies in India.

Tell us about how the last week has been ever since the big reveal? What has changed for you and Vignesh?

It’s really been very surreal. I mean, you don’t go planning to be a part of history, you’re more focussed on trying to get things done. The weeks preceding the Christie’s sale, Vignesh was extremely focussed on making sure we had the processes in place, that we had the requisite credit limit with Christie's because we're not used to that kind of a process when it comes to auctions in the crypto space.