Into the realm of crypto assets: What are non-fungible tokens?

NFTs have experienced a spike in popularity in recent years. PHOTO: AFP
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SINGAPORE - About a year ago, a non-fungible token (NFT) artwork by digital artist Beeple was sold to a Singapore-based buyer for about US$69 million (S$94 million) in cryptocurrency.

And in January, Singapore-based Chinese influencer Irene Zhao reportedly sold over 1,100 NFTs for a total of about $7.5 million in cryptocurrency.

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