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A firm backed by Taiwanese pop icon Jay Chou has launched a non-fungible token (NFT) project featuring virtual avatars called “Phanta Bears”, joining a growing list of entertainment and sports celebrities to test the technology that verifies ownership of unique digital assets. The Phanta Bears, a collection of 10,000 algorithmically-generated digital avatars launched as a spin-off from Chou’s Phantaci fashion. ....
A growing number of artists and cryptocurrency exchanges are riding the popularity of non fungible tokens (NFTs) to launch blockchain-based fundraising campaigns for philanthropic causes. The buzz surrounding non fungible tokens has helped artists such as Mike Winkelmann, a digital artist better known as Beeple, fetch a record US$69 million (S$94 million) for NFT artwork at Christies’ online auction in. ....