You couldn’t have missed the headlines. On 11 March, an artwork by digital artist Beeple (aka Michael Joseph Winkelmann), titled Everyday: The First 5000 Days, 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 Metakovan—putting this island at the front of a new tech craze that’s sweeping across the digital world.
And it’s not just cultural bastions such as Christie’s or even Italy’s Uffizi Gallery (it sold a Michelangelo NFT for US$170,000 in May) that are making the NFT headlines either. With Grimes having reportedly sold more than US$5.8 million worth of tokenized artworks in her first NFT drop (the sale lasted just 20 minutes) and model-cum-actress Cara Delevingne looking to cash in with an NFT video of her talking about her vagina (it’s for a good cause), NFT, complete with all its meta-sounding technobabble, has officially hit the mainstream. So if you’re looking to understand what an NFT is exactly and what it means when something is non-fungible, then let’s recap the googleable.
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Denne historien er fra June 2021-utgaven av Harper's BAZAAR Singapore.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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The Great Unknown
It's a fresh chapter for Thai actress Nuttanicha "Nychaa" Dungwattanawanich as she strikes out on her own.
FINDING XANADU
Adventure, magic and freedom await in the land of the blue sky, Mongolia.
TALKING POINTS
From the worlds of Art, Culture, Travel and Design.
TIMELESS LUXURY
In Hosanna Swee and Tom Chng's stunning apartment, an eye for detail and love for horological collectibles reveals an elegant and minimalist escape.
PRIM FOR PRIMETIME
Chanikarn \"Prim\" Tangkabodee reminisces on her journey from a child actor to a superstar in-the-making.
INSPIRATION
The suave music artiste is no stranger to the world of fashion. In fact, he describes fashion as the forefront of his and his family's personal expression, as well as a form of manners.
WELL, SUITED?
As attitudes towards dress codes shift, is the suit about to exit our closets?
DARK HORSE
In his next role and what is easily his most challenging character to date―actor Brian Ng wants one thing from you: your hatred.
THE POWER OF PERETTI
In a hidden village of Sant Marti Vell in Spain, where Elsa Peretti lived, loved and created enduring symbols of design and beauty for Tiffany & Co., Kenneth Goh traces and marvels at her 50 years of legacy.
REDEFINING ROYALTY
Chaumet's Charles Leung talks to BAZAAR about the beauty and the resilience of the 244-year-old French jewellery brand in a new era.