[analyse_image type=”featured” src=”https:\/\/www.artnews.com\/wp-content\/uploads\/2021\/12\/2021_NYR_20447_0001_001_beeple_everydays_the_first_5000_days034733_.0.jpg?w=1024″]<\/p>\n
\n\tWhen Beeple\u2019s Everydays: The First 5000 Days<\/em> sold for a record $69.3 million at Christie\u2019s in 2021, the winning buyer was quick to reveal itself: a Singapore-based crypto fund called Metapurse, which was founded by a man going by the pseudonym Metakovan, ostensibly with the help of another person who went by the pseudonym Twobadour.<\/p>\n \n\tBy 2022, Metakovan and Twobadour (real names: Vignesh Sundaresan and Anand Venkateswaran, respectively) had split up. A year later, Sundaresan and his company, Portkey Technologies, sued Venkateswaran for trademark infringement, injury to business reputation, and dilution, related to the latter\u2019s claims of being involved in the purchase of Everydays<\/em>. Sundaresan claimed that Venkateswaran had nothing to do with the purchase, and had been only an independent contractor at Metapurse at the time.<\/p>\n \n\tThat dispute came to a conclusion this past January, when J. Paul Oetken, a federal judge in the Southern District of New York, approved a final judgment upon consent between the two parties. The agreement established that Venkateswaran is legally prohibited from claiming or suggesting that he was responsible for or involved in the purchase of Everydays<\/em>, or from adding his name or likeness to websites or online profiles associated with Portkey, Metapurse, Metakovan, Sundaresan, or even Twobadour\u2014Venkateswaran\u2019s pseudonym while working as an independent contractor at Metapurse. The agreement was also signed by Sundaresan and Venkateswaran.<\/p>\n \n\tEarlier this month, Venkateswaran submitted a report to the court confirming compliance with the decision, which included unfollowing or leaving all Portkey social media profiles and paying an undisclosed amount to Sundaresan and Portkey, and attempting to get third-party websites to correct biographical information that connected Venkateswaran to the purchase.<\/p>\n \n\tSo, if anyone was still wondering who owns Everydays<\/em>, there you have it: Sundaresan. <\/p>\n \n\tMeanwhile, the NFT market has collapsed. Also in January, Nifty Gateway, one of the earliest and most high-profile online NFT marketplaces, announced that it would close. Last year, Christie\u2019s shuttered its digital art department, while Sotheby\u2019s reduced its Metaverse team in 2024. And a 2023 report found that 95 percent of NFTs were worthless; as lawsuits progress against celebrities who hawked NFTs during the peak, it is all but certain that their worth has continued to sink.<\/p>\n Artnet News<\/em> first reported news of the lawsuit settlement.<\/p>\n<\/div>\n<\/div>\n [analyse_source url=”https:\/\/www.artnews.com\/art-news\/news\/beeple-everydays-nft-lawsuit-decision-1234777672\/”]<\/p>\n","protected":false},"excerpt":{"rendered":" [analyse_image type=”featured” src=”https:\/\/www.artnews.com\/wp-content\/uploads\/2021\/12\/2021_NYR_20447_0001_001_beeple_everydays_the_first_5000_days034733_.0.jpg?w=1024″] When Beeple\u2019s Everydays: The First 5000 Days sold for a record $69.3 million at Christie\u2019s in 2021, the winning buyer was quick to reveal itself: a Singapore-based crypto fund called Metapurse, which was founded by a man going by the pseudonym Metakovan, ostensibly with the help of another person who went by […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[61,226],"class_list":["post-1830891","post","type-post","status-publish","format-standard","hentry","category-politics","tag-artnews-com","tag-crawlmanager"],"_links":{"self":[{"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=\/wp\/v2\/posts\/1830891","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1830891"}],"version-history":[{"count":0,"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=\/wp\/v2\/posts\/1830891\/revisions"}],"wp:attachment":[{"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1830891"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1830891"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1830891"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}