Metapurse to Share Ownership Beeple Collection

NFT investment firm Metapurse will sell ownership over twenty crypto artworks by Beeple, while in addition showcasing the B20 collection across different virtual worlds. The B20 token has its value backed by the twenty artworks by Mike "Beeple" Winkelmann, and it will launch on Saturday January 23rd. Metapurse revealed these plans in blog post published on Wednesday.

Metapurse will sell 1.6 million B20 tokens for $0.36 a piece. That means they are selling 576 thousand dollars worth of tokens. Since the artworks were acquired for 2.2 million dollars, that would mean they share 26 percent of the ownership with the public. The public sale will take place on January 23rd at noon on Whalestreet.xyz.

In addition Metapurse hired The Voxel Architects to create museums in three different virtual worlds. It's the first large-scale public art exhibition shared across three different virtual worlds; Somnium Space, Decentraland and Cryptovoxels. Ownership over these museums is also part of the B20 NFT bundle.

Saturday January 23th, at midnight, the investment fund will organize a virtual launch party across the three museums with music from blockchain-loving dj 3LAU. The audio will be hosted through Discord. Those interested can RSVP on Eventbrite.

What is crypto art?

Crypto art is a piece of digital art that is tokenized on the blockchain as a non-fungible token. That means that the owner of the token will always hold a proven and original copy of a piece of art. Just like physical art, there can be unlimited copies. But ultimately there can only be one Mona Lisa.

Mostly we value art for its aesthetics and cultural relevance, but above all on the ability to verify the creator and its proven rarity. With blockchain technology these last two features are part of the blockchain. Everybody can see and confirm who minted these original creations.

Crypto art or digital art has been around for many years. However, without the existence of blockchain technology it was impossible to verify authenticity and rarity. Now digital art ties to a token on the blockchain. That way buyers can see how many copies of a certain artwork there are, and whether the product is original.

The concept of seeing a digital image as art, is one thing. However, for many people it will be a challenge to consider digital images as valuable. Consider this: The Mona Lisa is worth many millions of dollars. If I would paint the Mona Lisa in an exact copy, it would be worth only 50 dollars. Because we all know where the original version is. Being able to verify the authenticity and rarity of a piece of art is crucial. In the end everything can be art. It doesn’t matter whether it’s a still image, moving image, video, music or a combination of everything.