Why NFTs are ‘ten times better’ than traditional art | Interview with $69 million NFT buyers

NFT collectors MetaKovan and Twobadour explain their investment thesis on nonfungible tokens and why NFTs are “ten times better” than traditional artworks.

0:00 Intro
1:15 What is the social cause you are pursuing as art patrons
2:40 Why did you buy Beeple’s “Everydays: The First 5000 Days” for $69 million?
3:55 What makes Beeple more valuable than Leonardo da Vinci?
5:58 What makes NFTs better than physical artwork?
8:18 What if a single artist creates multiple NFTs of a single piece of art?
10:18 Is there a bubble growing in the NFT market?
12:30 To what extent is the success of NFTs tied to Bitcoin?
14:20 What is the rationale behind fractionalizing ownership of a piece of art?
15:18 How do you respond to criticisms around the auction sale?
18:07 Outro

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  1. i just thought of something that makes his argument that an NFT is 10x better than traditional art redundant. You can sell an NFT for the traditional artwork alongside the original. They can come now as a package….
    For instance a drawing can now come with a digital artwork of the original (at the most basic sense just a high resolution scan of the drawing, not to mention accompanying assets such as work in progress photos, videos, and even perhaps an animated digital version of the drawing. Really quite easy once you have a digitized image of the drawing…)

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