NonFungible.com has valuated the portfolio of the MetaPurse Fund, founded by MetaKovan: the buyers of the $69M Beeple artwork.
zoup · 03/23/21 · 3 min · Expert
For the second time, we had the opportunity to assess the total value of the portfolio built by the MetaPurse Fund, carried by MetaKovan & Twobadour.
This new portfolio valuation comes at a pivotal moment in the history of the Fund, a few days after the official announcement of the acquisition of the most expensive NFT of all time by the MetaPurse Fund:
The purchase of this artwork occured during the process of valuation the portfolio, we have decided to take in account this historic purchase, considering its last auction price (fees included): $69,346,250.
1- Fungible assets included
Unlike the first Portfolio Valuation, we took into account the total value of all the cryptocurrencies present in the different Wallets of the fund, based on the value of each cryptocurrency (source: CoinGecko.com).
2- B20 holdings included
The MetaPurse Fund holds, on the day of Valuation, approximately 5,000,000 B20 Tokens, issued by the Fund, the value of which is partially backed by the assets of the Fund. The value of B20 at the time of the Valuation process, led this token to represent a major part of the portfolio value.
3- Nifty Gateway collection included
The collection of artwork purchased on Nifty Gateway by the two MetaPurse Fund accounts has also been included. The value taken into account for these assets comes from the “Average Price” displayed by Nifty Gateway for each Artwork Series.
4- Methodology refined
For all assets, improvements have been made to our valuation methodologies to better reflect the current value of the NFTs.
These include adjustment of the timespan studied, or adjustment of the surrounding area analyzed (for metaverses), cross-marketplaces analysis for artist ratings, etc. These adjustments allow us to propose increasingly precise evaluations and are most often the result of observations by our market analysts.
The Valuation Process of the Portfolio led to a total value of $ 189,293,626.
This exceptional performance is mainly based on
Cryptocurrencies (MANA / ETH / SAND / …) represent barely 1% of the fund’s assets.
|Project||Volume of assets||Total value|
|The Sandbox||1 545||$281 456.73|
|CryptoVoxels | Parcels||153||$1 571 672.05|
|CryptoVoxels | Name||1||$35.64|
|Decentraland | LAND||939||$18 619 137.60|
|Decentraland | ESTATE||23||$20 852 367.90|
|Decentraland | Name||3||$210.00|
|Decentraland | Wearables||1||$472.50|
|Somnium Space||170||$1 350 723.31|
|F1 Delta Time||51||$1 297 563.98|
|Nifty Gateway||149||$1 652 115.00|
|Ethereum Name Service||8||$1 425.60|
|TOTAL||3 215||$46 633 945.22|
One of the main challenges of this Valuation resided in the valuation of rare, unique, exclusive assets, practically incomparable with other similar assets.
Added to this challenge is an additional complexity linked to the massive increase in the value of cryptocurrencies since the previous Portfolio Valuation (November 2020)
In order to best estimate these assets, we have decided to take into account:
Among these outstanding assets, we notably count:
The next MetaPurse fund Portfolio Assessment will be conducted between May and June 2021.
Until then, our teams of market analysts remain at your disposal to answer any questions concerning the portfolio valuation.
If you wish to have your portfolio evaluated, please reach out via our dedicated form.
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