Close Menu
Invest Intellect
    Facebook X (Twitter) Instagram
    Invest Intellect
    Facebook X (Twitter) Instagram Pinterest
    • Home
    • Commodities
    • Cryptocurrency
    • Fintech
    • Investments
    • Precious Metal
    • Property
    • Stock Market
    Invest Intellect
    Home»Stock Market»Collector of Beeple’s $69.3 million NFT work launches space in Singapore – The Art Newspaper
    Stock Market

    Collector of Beeple’s $69.3 million NFT work launches space in Singapore – The Art Newspaper

    November 20, 20253 Mins Read


    The collector Vignesh Sundaresan today unveiled a new project space, Padimai Art & Tech Studio, located in Singapore’s Tanjong Pagar Distripark area. Sundaresan, who also goes by Metakovan, is best known for his 2021 purchase of Beeple’s nonfungible token (NFT) work Everydays: The First 5000 Days for $69.3 million, which helped to make NFTs mainstream within the art market.

    Sundaresan, who is based in Singapore, says Padimai is a heritage, contemporary art and research institution “dedicated to the question of how technology can function as cultural infrastructure. That means examining how digital works are created, how they survive, how they circulate, and how they shape collective memory.” It is, he continues, “meant to play a complementary, not competitive, role within Singapore’s cultural landscape”.

    Tanjong Pagar Distripark is already home to the state-backed contemporary art institution Singapore Art Museum and several commercial galleries. Sundaresan envisions his venue supporting projects that “don’t fit neatly into gallery timelines or commercial expectations, supporting artists to work with technologists, archivists, coders and designers in ways that allow the work to evolve organically rather than being rushed toward display,” and also exploring the preservation of digital works. “Experimentation at Padimai is not about spectacle; it’s about process,” he continues.

    The space opens with an Olafur Eliasson exhibition, Your view matter—an adaptation of a virtual reality work the Norwegian-Danish artist made in 2022. It will involve visitors moving through six digital installations which respond to their movement—with each person’s experience recorded and stored on a blockchain-based system devised by Sundaresan. The project “emerged from a shared interest in how technology can deepen, rather than distract from, the experience of perception,” the collector says. It “resonates strongly with Padimai’s ethos because it treats technology as a philosophical tool,” he adds. “The work explores how we orient ourselves in the world, using virtual reality not simply for an immersive encounter, but for examining how we orient ourselves in digital and physical space, how perception shapes experience and how memory is formed.”

    An interior view of Padimai Art & Tech Studio

    Courtesy of Padimai Art and Tech Studio

    Sundaresan hopes Padimai will foster more such collaboration between art and technology, helping to push the boundaries of digital art. “Rather than focusing on novelty or market trends, we are interested in projects that operate at the intersection of embodiment, memory and digital infrastructure,” he says.

    Sundaresan says his own collection will inform but not dominate the space. “The Beeple acquisition is part of the story that brought me here, but it is not the programme. If anything, it serves as a historical marker, a reminder of the moment when the art world confronted the idea of digital ownership at scale.”



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    2 Dividend Stocks to Buy With $1,000 and Hold Forever

    Stock Market

    Stock market today: Trade setup for Nifty 50, Gift Nifty, US-Iran war to gold, silver rates — 7 stocks to buy or sell

    Stock Market

    The Ultimate Dividend Stock to Buy With $1,000 Right Now

    Stock Market

    9,900% returns in five years! Multibagger stock to be in focus on Monday; here’s why

    Stock Market

    5 Dividend Stocks Yielding Up to 15% That Smart Money Is Avoiding

    Stock Market

    Why Is Stock Market Rising Today? Know Key Factors Behind Sensex, Nifty Rally On February 20 | Markets News

    Stock Market
    Leave A Reply Cancel Reply

    Top Picks
    Property

    Drew Scott & Linda Phan’s Son Parker Is a ‘Property Brother’

    Investments

    Taiwan to boost US investments, remove trade barriers amid new tariffs

    Investments

    Next steps announced for Scottish Government’s £1.5 billion bonds programme

    Editors Picks

    Rachel Reeves gears up for possible Budget energy bill cut – how much you could save

    November 21, 2025

    Barinque : Bé-Horns Fest #1 : ça va envoyer du lourd à Barinque le 7 juin !

    May 26, 2025

    RBC Abaisse la Recommandation sur United Utilities, Jugeant le Potentiel de Hausse « Limité »

    June 22, 2025

    Female fronted metal bands are awesome – The Beacon

    December 8, 2025
    What's Hot

    Virginia man sentenced to 30 years for sending $185K to ISIS via cryptocurrency scam

    May 8, 2025

    Grand County Real Estate Transactions, July 7-13.

    July 13, 2024

    Morocco’s Farming Season ‘Promising’ as Rain Boosts Crops

    April 22, 2025
    Our Picks

    Rostro Group enters UAE with new SCA licence amid the country’s 20% fintech growth surge

    December 8, 2025

    Wall Street braces for Monday meltdown that could ‘knock the wheels off’ the stock market

    October 12, 2025

    De belles levées de fonds malgré les défaillances : le paradoxe des assurtechs

    February 25, 2025
    Weekly Top

    Turn Your Savings Into Success

    February 20, 2026

    The rebirth of ‘Municipal Bonds’ could trigger new investment opportunities – Money Insights News

    February 20, 2026

    2 Dividend Stocks to Buy With $1,000 and Hold Forever

    February 20, 2026
    Editor's Pick

    Dhanteras 2025: Nearly 20% of gold’s rally wasn’t gold at all, advisor warns buyers of hidden risk

    October 16, 2025

    Energy price cap: Typical annual household bill to rise by £35 in October

    August 27, 2025

    How is Money Laundering Done in Cryptocurrency?

    March 19, 2025
    © 2026 Invest Intellect
    • Contact us
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.