This entrepreneur wants everyone to download their 520 crore NFT for free
Vignesh Sundaresan, better known as MetKovan, had spent $ 69.3 million (approx. ??520 crore) Beeple non-fungible token (NFT) earlier this year. Instead of looking for returns on investment, the serial entrepreneur would be happy if everyone downloads their NFT for free.
Sundaresan’s huge prize for “Everydays: the First 5000 Days” had drawn attention to the NFT market, which has now become immensely popular. The reason behind his desire to allow everyone to have it for free is what he describes as the “beauty of NFT”.
NFT has become the talk of the city for the potential of tech, with celebrities taking advantage of the nascent market. However, there are concerns about trade scandals, valuations and what NFT buyers are getting for their purchase.
Speaking to Bloomberg, Sundaresan said, “At the end of the day, information wants to be free. You try to have paywalls, you try to do so many things. But even these methods of having information or data inside walled gardens of any kind of security, they haven’t worked very well on the Internet. “
“What the NFTs are doing, instead of giving importance to that copy of the file, it sort of gives importance to something else big. The idea that one person supported an artist at one point and that was the memories, ”he added.
Sundaresan suggested that not everyone needs to pay for DTV, just a few. Those who pay for the production can get the credit to be part of the production.
During his interview, Sundaresan said he was not personally involved in big name shows like CryptoPunks or Bored Ape Yacht Club. He said he didn’t want to be part of something very exclusive and instead create something very inclusive.
“I want to find other ways to increase the number of connections we have on the Internet. These projects will need to understand why they are limited to these many numbers and what effect that will have on what they can do in the world, ”Sundaresan said.
Speaking of his favorite chips, Sundaresan said, “Today the most exciting area for me is the parachains, who are part of Polkadot. Polkadot is just a skeleton and there can be so many chains that attach to the skeleton and can flake off. “
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