According to digital art collector MetaKovan, these icons are “ten times better than their physical counterparts.”

The pseudonymous art sponsor, recently revealed to be the founder of the Vingaresh Sundaresan blockchain, bought NFT from Beeple “EVERYDAYS: THE FIRST 5000 DAYS” earlier this year for $ 69 million.

MetaKowan explained the motivation behind the purchase in an exclusive interview with Cointelegraph, noting that NFTs have a number of advantages over traditional artwork: they are easy to transport, they do not require storage costs, and their property can be divided. They can also democratize the art world by making it accessible to digital artists around the world, regardless of nationality or social background.

MetaKovan even said that NFTs would bring crypto to the mainstream.

“A lot of people want to learn about cryptocurrencies using NFT,” he explained.

The art advocate dismissed concerns about the potential risk of a speculative bubble in the NFT market. The frenzy surrounding the NFT is believed to accelerate adoption.

“If there are assumptions, it’s okay, because we do everything quickly,” he said.

According to MetaKovan, the NFT market will ultimately affect the price of major cryptocurrencies like Bitcoin and Ethereum.

This could happen “in about a year, when more people are using NFT,” MetaKowan said.

Source: CoinTelegraph