{"id":18976,"date":"2021-03-19T20:27:23","date_gmt":"2021-03-19T20:27:23","guid":{"rendered":"https:\/\/davidgerard.co.uk\/blockchain\/?p=18976"},"modified":"2021-03-19T20:28:54","modified_gmt":"2021-03-19T20:28:54","slug":"foreign-policy-its-a-69-million-jpeg-but-is-it-art","status":"publish","type":"post","link":"https:\/\/davidgerard.co.uk\/blockchain\/2021\/03\/19\/foreign-policy-its-a-69-million-jpeg-but-is-it-art\/","title":{"rendered":"Foreign Policy: It\u2019s a $69 Million JPEG, but Is It Art?"},"content":{"rendered":"<p>NFTs are <em>big<\/em> news in the mainstream. I&#8217;ve done a pile of actual telly on the subject in the past couple of weeks.<\/p>\n<p>So, of course, Foreign Policy knew who to call for a piece! [<a href=\"https:\/\/foreignpolicy.com\/2021\/03\/19\/nft-beeple-69-million-art-crypto-nonfungible-token\/\"><em>Foreign Policy<\/em><\/a>]<\/p>\n<p>My main thesis is: high art pulls all the shenanigans we know from the crypto world \u2014 but better, and with access to real money and real tax lawyers.<\/p>\n<p>Amy Castor revealed on Sunday that &#8220;Metakovan,&#8221; the buyer of the $69 million JPEG, was not only already in business with Beeple, the artist \u2014 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. [<em><a href=\"https:\/\/amycastor.com\/2021\/03\/14\/metakovan-the-mystery-beeple-art-buyer-and-his-nft-defi-scheme\/\">Amy Castor<\/a>; <a href=\"https:\/\/gulfnews.com\/world\/asia\/india\/india-born-entrepreneur-vignesh-sundaresan-is-mystery-buyer-of-69m-digital-artwork-1.77949530\">Gulf News<\/a><\/em>]<\/p>\n<p>I&#8217;ll have to use the phrase &#8220;inedible ink&#8221; more.<\/p>\n<p>&nbsp;<\/p>\n<p><a href=\"https:\/\/davidgerard.co.uk\/blockchain\/2021\/03\/19\/foreign-policy-its-a-69-million-jpeg-but-is-it-art\/beeple-69m-jpeg\/\" rel=\"attachment wp-att-18977\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-18977\" src=\"https:\/\/davidgerard.co.uk\/blockchain\/wp-content\/uploads\/2021\/03\/beeple-69m-jpeg.jpg\" alt=\"\" width=\"510\" height=\"315\" srcset=\"https:\/\/davidgerard.co.uk\/blockchain\/wp-content\/uploads\/2021\/03\/beeple-69m-jpeg.jpg 680w, https:\/\/davidgerard.co.uk\/blockchain\/wp-content\/uploads\/2021\/03\/beeple-69m-jpeg-300x185.jpg 300w, https:\/\/davidgerard.co.uk\/blockchain\/wp-content\/uploads\/2021\/03\/beeple-69m-jpeg-348x215.jpg 348w\" sizes=\"auto, (max-width: 510px) 100vw, 510px\" \/><\/a><\/p>\n<br><br><div align=\"center\"><p><a href=\"https:\/\/www.patreon.com\/bePatron?u=8420236\"><img src=\"https:\/\/davidgerard.co.uk\/blockchain\/wp-content\/uploads\/2021\/10\/become_a_patron_button.svg\" alt=\"Become a Patron!\" title=\"Become a Patron!\" width=217 height=51><\/a><br><p style=\"align:center;\" class=\"patreon-badge\"><i>Your subscriptions keep this site going. <a href=\"https:\/\/www.patreon.com\/bePatron?u=8420236\">Sign up today!<\/a><\/i><\/p><\/div>","protected":false},"excerpt":{"rendered":"<p>NFTs are big news in the mainstream. So Foreign Policy knew who to call for a piece!<\/p>\n","protected":false},"author":1,"featured_media":18977,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[460,2185,2186,1150,2184,2020,2187],"class_list":["post-18976","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorised","tag-amy-castor","tag-beeple","tag-coins-e","tag-foreign-policy","tag-metakovan","tag-nft","tag-vignesh-sundaresan"],"jetpack_featured_media_url":"https:\/\/davidgerard.co.uk\/blockchain\/wp-content\/uploads\/2021\/03\/beeple-69m-jpeg.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/posts\/18976","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/comments?post=18976"}],"version-history":[{"count":4,"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/posts\/18976\/revisions"}],"predecessor-version":[{"id":18981,"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/posts\/18976\/revisions\/18981"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/media\/18977"}],"wp:attachment":[{"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/media?parent=18976"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/categories?post=18976"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/tags?post=18976"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}