What is the MetaPurse Fund?
It is an investment fund that is exclusive to the crypto space. The specialty of the fund is in identification and investment in promising NFT projects that are in the early stage. MetaPurse has a widely diverse portfolio already. Some of their most well-known investments include Somnium Space, Decentraland, and CryptoVoxels. They have also invested in SuperRare, MakersPlace, and in collectibles on the F1 Delta Time.
Their motive is to power ideas and projects that catalyze the change of the crypto world, which they believe will change how the world works.
You can also gain free crypto tokens by reading the potential NFT projects that are about to provide airdrop tokens for governance to their loyal users.
Who Created MetaPurse Crypto Fund?
The MetaPurse is financed by Metakovan. Twobadour operates jointly by Metakovan. They together own some of the largest known collections of non-fungible tokens or NFT. They are pioneers in owning NFT’s that are culturally important. Started in 2017, the team has already created a portfolio that is varied and highly valued. To put into numbers, the value of their NFT’s is more than $3.2M, according to an audit by a third party, NonFungible.
Is the MetaPurse Fund Anonymous?
The investment fund is active in the field of NFT, but the owners are anonymous. For instance, Metakovan is an entrepreneur and angel investor told in an interview that he loves NFT because of the uniqueness and the stories they have to say.
He backed the importance of NFT as he believes that it is the perfect medium for crypto. Not only are they unique, but they are fun! And after a long time, the crypto-world realizes that the owner of 1-1-1 Formula 1 Car is actually, Metakovan.
On the other hand, Twobadour is also an anonymous person, the Twitter handle reveals a graphic of the page, although not yet confirmed if it represents them. They call themselves the steward of Metapurse as per their Twitter handle – @twobadour.eth.
MetaPurse Twenty 1/1 Beeple Art Works Acquisition
On January 5th, 2021, MetaPurse announced that they had completed the acquisition of Twenty 1/1 Beeple Artworks. The price auctioned for is close to $2.2 Million. The auction was held over the weekend of December 11th, 2020 for the 2020 collection.
Beeple, before entering NFT, worked with popular arthouses like Louis Vuitton, and exciting startups like SpaceX, and big corporations such as Apple, and even with artists such as Katy Perry, Justin Bieber, Marshmello and others. In the 2020 collection, it had the most valuable and exciting work of his from 2020 that he created in the year.
What is the B.20 NFT Bundle?
B.20 Bundle is a one-of-a kind NFT bundle that no one in the crypto space has ever seen before. If you have a token, you can get a share of not just the NFT art but also of the VR custom museums created by VR architect studio, Voxel Architects.
MetaPurse MetaPalooza Festival
To celebrate the launch of B.20, MetaPurse announced the MetaPalooza festival. It is a free cultural festival and public in Cryptovoxels, Decentraland, and Somnium Space. 3LAU, a prominent DJ in the USA and music producer featured in the event. He has performed in multiple music festivals around the world, and he has a huge fanbase. MetaPalooza provides a blend of metapurse, culture, music, and art.
What Cryptos Do MetaPurse Fund Hold Apart from NFT?
Their portfolio at the time of writing has 15 wallets and 2,015 other assets. It covers 18 projects across the NFT space and outside it as well. Some of the projects that MetaPurse support are:
- F1 Delta Time
- The Sandbox 700
- CryptoVoxels Parcels
- Decentraland LAND
- Somnium Space
How Does MetaPurse Fund Democratize and Decentralize Art?
The mission of the MetaPurse fund is to decentralize, and make the ownership of unique art, more democratic. They are planning to achieve this through B.20, which is the NFT bundle that enables people to have a small share of the art project within the metaverse. But remember, this is to fractionize ownership of the artwork and not the asset themselves. These fractions are ‘keys’ that provides access to the digital vault.
Takeaway – MetaPurse Fund
MetaPurse is one exciting crypto product out there. It takes the basic concept of crypto and extends it to NFT. So, for people who want to access valuable art and combine it with the power of crypto, the MetaPurse fund is one platform for you to explore.
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I am a data analyst by profession who loves to crunch numbers at daytime and come home wondering how my passive income numbers for the day look like. I believe in being rich rather than looking rich. Follow me for Cryptocurrency, FIRE, Personal Finance, Credit Cards and Digital Nomad updates