Digital Editions
Newsletters
Subscribe
Digital Editions
Newsletters
Art market
Museums & heritage
Exhibitions
Books
Podcasts
Columns
Art of Luxury
Adventures with Van Gogh
Art market
Museums & heritage
Exhibitions
Books
Podcasts
Columns
Art of Luxury
Adventures with Van Gogh
Museums & Heritage
news

Collector of Beeple’s $69.3 million NFT work launches space in Singapore

Vignesh Sundaresan, who purchased Everydays: The First 5000 Days in 2021, has unveiled Padimai Art & Tech Studio—which opens with an exhibition made in collaboration with Olafur Eliasson

Lisa Movius
20 November 2025
Share
Olafur Eliasson (left) and Vignesh Sundaresan have worked together on the inaugural exhibition

Photo: Yanina Isla

Olafur Eliasson (left) and Vignesh Sundaresan have worked together on the inaugural exhibition

Photo: Yanina Isla

The Singapore 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 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.”

Museums & HeritageTechnologyBeepleNFTOpenings
Share
Subscribe to The Art Newspaper’s digital newsletter for your daily digest of essential news, views and analysis from the international art world delivered directly to your inbox.
Newsletter sign-up
Information
About
Contact
Cookie policy
Data protection
Privacy policy
Frequently Asked Questions
Subscription T&Cs
Terms and conditions
Advertise
Sister Papers
Sponsorship policy
Follow us
Instagram
Bluesky
LinkedIn
Facebook
TikTok
YouTube
© The Art Newspaper

Related content

Art marketnews
9 September 2025

Christie’s shuts down pioneering digital art department

With the NFT market still a fraction of its recent heights, the auction house has reportedly let go of key staffers

Vittoria Benzine
Commercial galleriesfeature
2 September 2025

New York's digital art gallery reboot

The opening of the NFT platform SuperRare’s physical space and Heft Gallery, both on the Lower East Side, signal growing collector interest and institutional acceptance

Annabel Keenan
Art marketanalysis
10 December 2021

NFTs, Banksy and Asia’s ascent: 2021, the year the art market was turned on its head

The past year will mostly be remembered for the ongoing social and economic convulsions caused by Covid-19. But in the art trade, the old world order was being demolished

Georgina Adam
Art & Technologynews
27 July 2023

$29m Beeple sculpture goes on display at Crystal Bridges Museum of American Art

The artwork is being shown in the US for the first time since Swiss venture capitalist Ryan Zurrer bought it at a New York auction 2021

Torey Akers