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Technology

Southeast Asians jumping on NFT bandwagon to boost incomes

But signs of falling liquidity in nonfungible token markets could mean trouble

Nonfungible tokens, or NFTs, are bought and sold in Southeast Asia through games such as Axie Infinity. (Source images from Axie Infinity website)
SHOTARO TANI and CLIFF VENZON, Nikkei staff writers | Southeast Asia

JAKARTA/MANILA -- Ever since digital artist Beeple sold his NFT artwork at Christie's for $69 million in March, nonfungible tokens have been in vogue. Skeptics see the blockchain-based technology as just another fad, but proponents believe it could change the world of finance.

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