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Two NFT collections by Malaysian artist Katun rake in over RM1 6mil
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Red Hong Yi s NFT art has sold for RM325, 000, part proceeds to go to charity
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A screen shot of the Crypto Art Week Malaysia 2021 s artist gallery, which includes a mamak corner. Photo: Twitter
The inaugural Crypto Art Week Malaysia 2021 kicks off today (July 10) with a selection of digital works by 29 Malaysian crypto artists joining a cast of global digital artists. Organised by the not-for-profit Malaysia NFT Group and art collective NFXT.io, this virtual event runs in tandem with Crypto Art Week Asia.
It aims to make the world of crypto art and non-fungible tokens (NFTs) more transparent and accessible to the general public.
An NFT is a digital asset that represents real-world objects like art, music, images and videos. In contrast with many other digital creations, which are often infinite in supply, NFTs have unique identifying codes, which makes them one-of-a-kind. NFTs exist on a blockchain (a digital public ledger of transactions) and cannot be replicated. It contains digital ownership details and provides proof of authenticity.