when bipur’s Daily: first 5000 days In 2021, after a record-breaking $69.3 million sale at Christie’s, the identity of the winning buyer was quickly revealed: a Singapore-based crypto fund called Metapurse, founded by a man who goes by the pseudonym Metakovan, ostensibly with the help of another man who goes by the pseudonym Twobadour.
By 2022, Metakovan and Twobadour (real names Vignesh Sundaresan and Anand Venkateswaran respectively) had broken up. A year later, Sundaresan and his company Portkey Technologies sued Venkateswaran for trademark infringement, damage to business reputation and dilution, with the latter claiming involvement in the purchase daily. Sundaresan claimed that Venkateswaran had nothing to do with the acquisition and was an independent contractor for Metapurse at the time.
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The dispute came to an end in January this year when Federal Judge J. Paul Oetken of the Southern District of New York approved the final judgment by consent of both parties. The agreement states that Venkateswaran is prohibited by law from claiming or implying that he was responsible for or involved in the purchase dailyor adding his name or likeness to websites or online profiles associated with Portkey, Metapurse, Metakovan, Sundaresan, or even Twobadour (the pseudonym Venkateswaran used while working as an independent contractor at Metapurse). Sundaresan and Venkateswaran also signed the agreement.
Earlier this month, Venkateswaran filed a report with the court confirming compliance with the decision, which included unfollowing or leaving all Portkey social media profiles, paying an undisclosed amount to Sundaresan and Portkey, and trying to get third-party websites to correct biographical information linking Venkateswaran to the purchase.
So if anyone is still wondering who owns dailythis is it: Sundaresan.
Meanwhile, the NFT market has collapsed. Also in January, Nifty Gateway, one of the earliest and most high-profile online NFT marketplaces, announced it would shut down. Last year, Christie’s closed its digital art department, while Sotheby’s reduced its Metaverse team in 2024. A 2023 report found that 95% of NFTs were worthless; as lawsuits continue to be filed against celebrities who peddled NFTs during their peak period, their values are almost certainly continuing to decline.
Art Network News News of the lawsuit settlement was first reported.
