We are approaching the time of year when we reflect on trends that have dominated the headlines and how they will shape the year ahead. With low interest rates on savings, more and more people are beginning to explore alternative investments. One of the big winners of 2021 has undoubtedly been non-fungible tokens (NFTs).
During the third quarter of this year, NFT trading volume hit US$10.7 billion (S$14.7 billion), a 704 per cent jump from the previous quarter. High-profile trades included a rendition of Nyan Cat, an animated flying cat with a Pop-Tart body that was sold for nearly US$600,000.
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