NFTs The Next Big Thing
Sep 09, 2021
3 minutes
Words: Yeo Suan Futt
ILLUSTRATION: O_M/SHUTTERSTOCK.
ON-FUNGIBLE TOKENS (NFTs) were invented in 2014, but exploded onto mainstream consciousness just this year when two sales occurred: US$69 million for an NFT bearing limited rights to Beeple’s and Twitter CEO Jack Dorsey’s inaugural five-word test tweet going for over US$2.9 million. The general public was blindsided, to say the least. Many had never heard of an NFT, but US$69 million for nothing you can hold in your hand grabbed their attention. The aftermath has been predictable and even sweet: digital artists who had long
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