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  • Harper's Bazaar Singapore

    NFT: THE NEXT FRONTIER

    Jun 11, 2021 3 minutes
    By Christel Escosa and Charmaine Ho

    ou couldn’t have missed the headlines. On 11 March, an artwork by digital artist Beeple (aka Michael Joseph Winkelmann), titled went under the hammer at Christie’s for a whopping US$69.3 million (nearly S$93.million). The sale saw Christie’s become the first major auction house to offer a digital work with a unique NFT (or non-fungible token), and to do so through the cryptocurrency Ether. A little over a week later, the headlines hit closer to home when it was revealed that the buyer of the artwork was Singapore-based crypto-entrepreneur Vignesh Sundaresan, aka

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