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A Rags to Riches Tale In the Metaverse!

MetaKovan has just shown us that is completely plausible to own nothing in the physical world that we live in, but to be a billionaire in the virtual world or metaverse.

by K. Vatsala Devi
metakovan rise in the metaverse

Jargons can be confusing and intimidating at the same time, especially so when you don’t understand what they mean. NFT, Bitcoin, Ethereum, Blockchain, Metaverse, and more words that make your head and universe spin, but that doesn’t mean we should shy away from them. If one is open to learn them, it can pay off like how it did it for MetaKovan.

Vignesh Sundaresan, earned the moniker MetaKovan which simply means the King of Meta in his native language – Tamil. Born in 1988 in the capital of Tamil Nadu – Chennai, Vignesh said in a special report to Reuters that his family had expected him to find a stable job and follow in his father’s footsteps as a mechanical engineer, but he carved a different path for himself.

MetaKovan’s Meteoric Rise In the Metaverse

In the “From Crypto to Christie’s” (a Reuter special report) written by Angus Berwick and Elizabeth Howcroft it traces his humble beginnings to his involvement in the metaverse. An excerpt in the report reads, “He took up coding at high school and, after class, he and a friend built websites for local companies. They earned $20 per job – “big money” they spent on computer parts, his school friend, Neela Muhil Vannan, recalled to Reuters.”

The youngsters poured over articles about Apple Inc co-founder Steve Jobs and questioned why India wasn’t producing tech entrepreneurs of similar “rock star” status, Muhil Vannan said. Sundaresan has said he drew inspiration from the book “Ignited Minds” by India’s then president, A.P.J. Abdul Kalam, born a poor Tamil Muslim.

Currently based in Singapore as a blockchain entrepreneur, coder and angel investor, Sundaresan took up coding at high school and after class he and a friend, built websites for local companies. He began his pursuit for a mechanical engineering degree at a University in Dubai in 2006. He stumbled upon bitcoin while researching how to design code to automate bank transfers, in 2012.

“This was something new,” he told another interviewer. At the time, a single bitcoin cost around $10, compared with around $60,000 today.

That was then, MetaKovan’s meteoric rise in the metaverse is astounding. Not content with tipping the world that we know on its head, he is also shaking the art world. He recently was put under the spotlight through his $2.2 million purchase of a series of images by the digital artist Beeple. And then a couple of months later, he went on to bid another Beeple piece for $69 million and it is currently touted as the third most expensive artwork ever sold at auction by a living artist. These obscenity of his wealth in the metaverse tends to make anyone dizzy. But what is it?

What is Metaverse?

While we are just beginning to be acquainted with the word meta thanks to Mark Zuckerberg, this word has been trending for a while now. A portmanteau of the prefix meta and universe, metaverse in a nutshell describes a virtual universe that is accessible by virtual reality (VR) technology.

According to Tech Radar, the word was coined in 1992 by science fiction novelist Neal Stephenson in his work Snow Crash. In the novel, characters enter the metaverse via their avatars, which are virtual representations of themselves.

In the metaverse, avatars can transcend reality and enter a VR world, however, in Stephenson’s novel, the metaverse was an escape from a world that was bleak, dystopian, and fueled by corporate greed. The word metaverse generally refers to interconnected, virtual communities, or worlds, where avatars of individuals can connect.

Using VR headsets, augmented reality (AR), smart watches and smart glasses, we can transport ourselves into the metaverse. It could very well be the future of tomorrow.

His Daring Has Definitely Paid Off in the Metaverse

MetaKovan has just shown us that is completely plausible to own nothing in the physical world that we live in, but to be a billionaire in the virtual world. Sundaresan represents a new generation of investors: the cryptocurrency kings who have created fortunes out of sight of financial regulators. Their true net worth is obscure because their assets exist mostly on the semi-anonymous blockchain, a kind of digital ledger that underpins cryptocurrencies, not in bank accounts, shares or property.

Watch the video here.

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