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Saturday, May 11, 2024

$69 million digital art buyer shines light on ‘NFT’ boom

Vignesh Sundaresan’s unpretentious demeanour offers no clue that he is a multimillionaire investor

SINGAPORE – The blockchain entrepreneur who paid a record $69.3 million for a digital artwork looks, at first glance, nothing like a wealthy collector.

The 32-year-old is casually dressed in a t-shirt and chinos, lives in a regular Singapore apartment, and does not own any property or a car — with most of his investments in the virtual world.

“My prize possession would be my computer. And maybe my watch,” Indian-born Vignesh Sundaresan, also known by his pseudonym MetaKovan, told AFP from his sparsely decorated flat.

His unpretentious demeanour offers no clue that he is a multimillionaire investor financing a fund focused on “non-fungible tokens” (NFTs), which use blockchain technology to…

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