Although the first ‘universally regarded’ non-fungible token (NFT) was created back in May 2014 by artist Kevin McCoy, NFTs only exploded in popularity recently. According to the latest report from NonFungible.com, a whopping US$2 billion (S$2.66 billion) was spent on NFTs in the first quarter of 2021. Source: NonFungible.com This marked a 2,100 per cent increase from the previous quarter, where only US$93 million worth of NFTs were sold between October and December 2020. Closer to home, the Business Times reported that street artist Farizwan Fajari who goes by the pseudonym Speak Cryptic who was one of the first Singaporean artists to sell an NFT artwork. Source: Speak Cryptic | The Straits Times He managed to sell his NFT artwork (shown above) for 0.7 Eth (or Ether, a cryptocurrency/altcoin) or about S$2,320 at the time of writing. Your mileage may vary but the rise of NFTs has empowered artists to create artwork on the blockchain and sell their work globally on decentralised marketplaces....