It is always hazardous to call out asset bubbles before they pop; bubbles can last for longer than we often imagine. But one asset class that looks suspiciously bubblicious is non-fungible tokens (NFTs) - one-of-a-kind digital files with ownership rights verified on a blockchain that can carry any type of digital content, such as art, music, text, video clips and even virtual real estate.
The numbers on the expansion of the NFT market vary depending on the source, but every estimate indicates that its growth has been explosive.
Already a subscriber? Log in
Read the full story and more at $9.90/month
Get exclusive reports and insights with more than 500 subscriber-only articles every month
ST One Digital
$9.90/month
No contract
ST app access on 1 mobile device
Unlock these benefits
All subscriber-only content on ST app and straitstimes.com
Easy access any time via ST app on 1 mobile device
E-paper with 2-week archive so you won't miss out on content that matters to you
