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NFT's $70m fund at Christie's, what else did it invest in?

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According to the valuation results, Metapurse's portfolio is worth about $189 million

Metapurse Fund -- Portfolio Valuation Metapurse Fund -- Portfolio Valuation

Originally written by Zoup

(Metapurse) (Metapurse) (Metapurse) (Metapurse) (Metapurse) (Metapurse) (Metapurse) (Metapurse) (Metapurse) (Metapurse) (Metapurse) (Metapurse) (Metapurse) (Metapurse) Metapurse, on The other hand, is well known for its recent acquisition of cryptographer Beeple's Everydays: The First 5000 Days at Christie's for $69 million.

Earlier, Metapurse had taken Beeple's 20 pieces of cryptographic art NFT at the Nifty Gateway and backed it up with the B20 token. Did Metapurse invest only in Beeple's work, did Metapurse invest in any other NFT projects, and how is the fund doing?

Nonfungible.com's second valuation report on Metapurse was translated by Blockbeats as follows.

The valuation is based on the previous addition of the following content:

1. Homogenize tokens

In a departure from the last portfolio valuation, NonFungible.com calculated the total value of all the cryptocurrencies stored in the fund's wallets, based on the value of each cryptocurrency. (Source: Coingecko)

2. B20 position

Metapurse Fund held about 5 million B20 tokens on the valuation date, and the total value of B20 made up a large proportion of the total value of the portfolio during the valuation process.

3, Nifty Gateway Collection

Metapurse Fund's collection of art purchased on the Nifty Gateway is also in the valuation range. The value of these assets comes from the "average price" displayed by the Nifty Gateway for each art collection.

Note: Nonfungible.com says the valuation uses a more sophisticated methodology to better estimate NFT's current value. The changes included adjusting the time span of the research, the impact of location in Metaverse, artist ratings, and more.

Metapurse portfolio overview

According to the valuation results, Metapurse's portfolio has a total value of about $189 million, of which:

B20 holdings: $72 million, 40%;

NFT portfolio: $46 million, 26%;

Beeple Everydays: The 5000 First Days: $69 million, 33%;

Cryptocurrencies (e.g. MANA, ETH, SAND, etc.) account for less than 1%.

Metapurse Fund -- NFT Portfolio Value Distribution (Q1 2021)

Metapurse Fund -- Cryptocurrency Value Distribution (1Q 2021)

Exclusive assets

The hardest part of the valuation process for Nonfungible.com is valuing rare, unique, exclusive assets that are barely comparable to other, similar assets.

On top of that, another complicating factor is the dramatic increase in cryptocurrency prices since Nonfungible.com's first portfolio valuation (November 2020).

In order to best value these assets, Nonfungible.com decided:

- Using the historical prices of other NFTs most similar to these NFTs as a reference, making it possible to predict the value growth of these particular assets;

- Taking into account both gold and coin standard price changes, asset prices are becoming more closely related to cryptocurrencies, rather than less independent.

Among these excellent assets, the following NFTs are particularly unique:

F1 Delta Time -- Monaco Grand Prix 2020-1A (purchase price 1694ETH)

F1 Delta Time -- 1-1-1 (purchase price 414.92ETH)

First Supper. Collected artwork made up of Shortcut, Josie, Sparrow, Mlibty, Vans Design, Alotta Money, Twisted Vacancy, Coldie, Hackatao, Xcopy, Matt Kane, Rutger van der Tas, Digital. (Purchase price 103.4ETH)