Foreign Policy: It’s a $69 Million JPEG, but Is It Art?

NFTs are big news in the mainstream. I’ve done a pile of actual telly on the subject in the past couple of weeks.

So, of course, Foreign Policy knew who to call for a piece! [Foreign Policy]

My main thesis is: high art pulls all the shenanigans we know from the crypto world — but better, and with access to real money and real tax lawyers.

Amy Castor revealed on Sunday that “Metakovan,” the buyer of the $69 million JPEG, was not only already in business with Beeple, the artist — he was long-time crypto enrepreneur Vignesh Sundaresan, whose history includes an ICO in 2017 and a failed Canadian crypto exchange, Coins-e, in 2013. Sundaresan denied it at first, but finally admitted it on Thursday. Editor James Palmer got this into the article with a few minutes to spare. [Amy Castor; Gulf News]

I’ll have to use the phrase “inedible ink” more.

 



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One Comment on “Foreign Policy: It’s a $69 Million JPEG, but Is It Art?”

  1. Another great article, David. Please touch base with the Monetary Authority of Singapore (MAS), I’m sure they would appreciate any research you have on Vignesh Sundaresan and Metapurse. I hope Singapore bans cryptocurrency ASAP, same as India is preparing to do. Sad to see all these scammers swindling real, hard-working artists. Thanks for your great work in raising awareness about NFTs and cryptofraud, more power to you.

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