Last week, a mysterious buyer paid $69.3 million for a digital collage, an auction heralded as a historic moment for the art world and the third-highest price ever paid for a work by a living artist.
The buyer, a cryptocurrency entrepreneur who uses the pseudonym MetaKovan, may have benefited financially from the sale. Months before Christie’s auction house put the piece up for auction, MetaKovan had bought other works by the artist, divided ownership of them into blockchain-based “tokens” and sold those to the public, according to a blog post from MetaKovan’s crypto investment fund.
Source: https://www.washingtonpost.com/technology/2021/03/17/nft-beeple-metakovan-christies/