The 'metaverse' bet: crypto-rich investors snap up virtual real estate

Avatar used by Anand Venkateswaran, also known as Twobadour, steward of the Metapurse fund, is seen in this undated handout picture obtained by Reuters. Metapurse Fund/Handout via REUTERS

LONDON (Reuters) - What do you do with a $69 million artwork that doesn't physically exist?

That's the question faced by the Singapore-based investor calling himself Metakovan, who made headlines last month when he bought the digital artwork "Everydays: The First 5000 Days" by the American artist Beeple at Christie's.