Image: The Fabricant
Non-fungible token mania has continued to gain steam in the U.S., as brands like Gucci have rolled out digital-only sneakers and artists like Beeple have set records by way of multi-million dollar auctioned-off artworks. All the while, the NFT craze – which sees blockchain-based tokens paired with often entirely digital assets, such as animations and online-only dresses – is starting to spread to China’s sweeping art market, the third largest in the world, according to a 2020 joint report from Art Basel and UBS, as digital art – including NFTs – is enjoying “an upsurge in Beijing,” according to the Financial Times.