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Do NFTs have a future in Malaysian art?

Do NFTs have a future in Malaysian art?

Digital artists love it but traditional artists scorn it. Three artists give us their takes on the overnight phenomenon of NFTs. Written by Ellen Lee

Earlier this year, the digital artist Mike Winkelmann, more famously known as Beeple, made international headlines for selling a non-fungible token (NFT) through the international auction house Christie’s for $69,346,250. The sale has inspired excitement among digital artists all over the world, many of whom misguidedly view it as a get-rich-quick scheme, while at the same time inspiring scorn among traditional artists, many of whom misguidedly view it as a get-rich-quick scheme. In Malaysia, the art market has been slow to pick up on NFTs, but the stirrings are there. They’re just not in the places we’d normally look. 

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