Local actor Edmund Chen sells NFT for $60k: Here's why he got into the blockchain world

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Non-fungible tokens (NFTs) have become the latest revolution in the blockchain world, and local celebrity Edmund Chen is the latest to make headlines after selling his own NFT for 15 Ether. This was valued at $60,000 at the time of transaction on Feb 22. The...

The original painting was 601.255m long and earned him several awards including a Guinness World Record for longest drawing by an individual.He then chose four hallmark images from the original painting to recreate."I kept the precious drawing in a fully air-conditioned storeroom for three years hoping one day I would be able to exhibit it and share it with friends and family," he said.

"So I created the four hallmark images, one for each season, to remind everyone to cherish the moment."While many look at NFTs as a new-age investment, Chen said he sees them as cultivating a community and culture."I went into NFTs because I would like my art to be shared in the right way and immortalised."

"Two years ago, a friend contacted me asking if I wanted to explore this form of art," Chen said."At the time I was not very interested because it didn't seem like serious art, just computer design.

 

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