Business
Meet the Gen Z basketball fan investing in NFTs – The Australian Financial Review
Civil engineer Josh Ng is viewing his portfolio of non-fungible tokens as more than pieces of sports memorabilia. Instead, they are a serious investment.
These digital assets have emerged as a headline-grabbing and lucrative market for wealthy collectors after auction house Christies sold a digital artwork by South Carolina artist Beeple as an NFT for $US69.3 million ($91.2 million).
Like cryptocurrencies, NFTs have been hyped up by influencers such as Tesla chief executive Elon Musk, whose partner, musician and artist Grimes, has sold digital artworks worth $US6 million as tokens.
In Australia, the trend has come to the attention of cashed-up Millennial…
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