This NFT just sold for nearly $70 million

the guy who bought it is from south india, big hodler $1B + in his wallet.
Metakovan is his handle , Vignesh Sundaresan is his actual name, he bought the beeple NFT to showcase it in his virtual world so people that visit can enjoy it.
dont think its a profitable investment, but he did it more to promote his own investment and NFT company METAPURSE Fund
 
the guy who bought it is from south india, big hodler $1B + in his wallet.
Metakovan is his handle , Vignesh Sundaresan is his actual name, he bought the beeple NFT to showcase it in his virtual world so people that visit can enjoy it.
dont think its a profitable investment, but he did it more to promote his own investment and NFT company METAPURSE Fund
The truth behind the story is Money laundering. Vignesh started Coins-e.com cryto exchange company in partnership with Saif Altimimi and stole millions in cryptos from users by closing the company. So now they wanted to make the money white by buying the shit beeple digital art. Many people believe that Beeple is also partner in crime now whitewashing his crypto scam of coins-e.com . Here is the proof that the defunct company coins-e.com domain was owned by Vignesh >> https://pastebin.com/WZshPuup

So in reality this guy is not a hero. He is genius scammer lol :) and NFT is 1000% money laundering platform.

Here is the full old thread about this 69 million USD scam >> https://bitcointalk.org/index.php?topic=418416.200
 
The truth behind the story is Money laundering. Vignesh started Coins-e.com cryto exchange company in partnership with Saif Altimimi and stole millions in cryptos from users by closing the company. So now they wanted to make the money white by buying the shit beeple digital art. Many people believe that Beeple is also partner in crime now whitewashing his crypto scam of coins-e.com . Here is the proof that the defunct company coins-e.com domain was owned by Vignesh >> https://pastebin.com/WZshPuup

So in reality this guy is not a hero. He is genius scammer lol :) and NFT is 1000% money laundering platform.

Here is the full old thread about this 69 million USD scam >> https://bitcointalk.org/index.php?topic=418416.200

That's insane!heard loads about these NFTs last couple of weeks assumed the bubble would burst pretty quick but not this quick
 
That's insane!heard loads about these NFTs last couple of weeks assumed the bubble would burst pretty quick but not this quick
I dont think so bubble will burst, instead this will grow even bigger as more and more people will jump into it to launder money. :D
 
You can't money launder like that. You will have to buy the dirty money from somewhere and there's no way without KYC. It's really hard to launder money digitally.
It's not hard to have a account with kyc.
There is tons of stolen information online and very qualified photo editors.
 
NFTs is not 1000% money laundering platform!

its actually a good way to make money, and there are many legal people involved.
didn't know the info about the beeple buyer, but that's one person, who made one purchase, his actions don't represent 1000% of an entire industry

there are tons of NFT's being sold, and a lot of the buyers have 100% white, legal money.
Ceo's of tech firms etc.
But just like in every industry, there will be bad actors.

Fiat money , offline transactions will be the king of money laundering, it's everywhere.
cash-intensive business: laundromats, used car dealerships, taxi services, restaurants, nightclubs and 1000 other industries.
 
This was a very interesting read. Thank you for posting the details.Looked at some articles on Metakovan and even there is a YT video on him. Frankly, he looks pretty buzzed. One guy like this, figuring all the mechanics of doing it, seems far - fetched. Could accept Musk, having the means to do it. With his notoriety, he was able to manipulate ETH pretty well. In out , buy low sell high. Now he's on to Doge and trying to do the " Doge to the moon " pump. Sure some people lost money bailing with the last drop. Seems to be recovering right now.
I'm trying to figure some crap NFT to sell on one of the marketplaces, and make a bunch of bitcoin in the process.
Thanks again OP and some of the great replies. Hope to see more on this thread.
 
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