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Bitcoin Cash
$575.22 1.74%
BCH · 2w

AMC theaters start accepting cryptocurrency payment for movie tickets... BCH 👍

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You’ve probably seen this image before.It’s the digital artwork titled “Everydays: The First 5000 Days” created by Beeple.In March, it made headlines after it fetched nearly $70 million at a sale by Christie’s.The purchase shook the art and crypto worlds.It was the first time a major auction house sold a digital artwork in the form of a new crypto asset called a non-fungible token, or NFT.Behind the purchase was an Indian cryptocurrency investor, known as MetaKovan.(MetaKovan) "Post the Beeple event, we’ve been thinking what NFTs are, and how, how we can like, make people experience it.”MetaKovan’s real name is Vignesh Sundaresan.Over the past year, he’s become the top spender in the hottest area among crypto investors…which explains the nickname he gave himself: MetaKovan translates as “King of Meta” in his native Tamil.Sundaresan told Reuters he financed the Beeple purchase from his personal investments in cryptocurrencies. “I've been a crypto native since 2013, right? And I've been lucky to be part of various projects that, you know, blossomed, including ethereum. And then by 2017, it was Polkadot, and then and by 2020 it was Avalanche and Flow, right? So it's been quite interesting of a journey that way.”Since 2019 he’s gone on a virtual spending spree in the emerging NFT market…and snapped up hundreds of acres of digital land in online worlds like Decentraland.“These are strategies that I would take, basically capital allocation. Long term, I've invested in many technologies like including Decentraland and anything that excites me. And I think it's bringing more people into the industry. I usually try to be part of those, you know, either the seed or the early stages of those. So definitely my ethereum has never just remained ethereum, it has gone into other communities also.” Sundaresan represents a new generation of investors: the cryptocurrency kings who have created fortunes out of sight of financial regulators.Their true net worth...

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