I do not know who this Metakovan is, but paying 69 million dollars for a NFT still doesn't make sense to me at all, it should have been a lot less.
There are actually two buyers for the highest bid of $69 million for Beeple artwork in NNFT.The two entrepreneurs from Tamil Nadu who are currently settled in Singapore — Vignesh Sundaresan who goes by MetaKovan and Anand Venkateswaran, also known as They just revealed their identity to the general public and tell their aim behind such high bid for an 5000 piece of artwork.
The point was to show Indians and people of colour that they too could be patrons, that crypto was an equalising power between the West and the ‘rest’, and that the global south was rising” said the two in a blog post revealing their identity.
And if you want to have some more details about them and their plans regarding buying such NFT' you can have a check here
The pseudonym buyer for $69 million artwork But is it really worth to spend such huge amounts on these types of NFT as they could have invested that amount in Bitcoin and enjoy the huge returns on their investment say 2-3 times when price surges after 2-3 years.But still people have preferences.