With the Non-Fungible Token (NFT) movement in Malaysia increasing day by day, we decided to start a series on what kind of local NFT news or activity happens in a week.
This is where we’ll revisit the biggest NFT news of the week (and sometimes maybe the week before), highlight any new NFT platforms that caught our eye, as well as what the NFT community of Malaysia is in turmoil. , and more.
While this week seems relatively slower for exciting NFT content compared to previous weeks, here’s what’s been happening on the scene recently.
In the news
A group of postgraduate students from Universiti Kebangsaan Malaysia (UKM) are currently running a charity project called CryptoNate. It takes the form of a virtual campaign that addresses the subject of infertility and is called the Arts for ART (Assisted Reproductive Technology) campaign.
Masters of Business Administration (MBA) students brought together 12 local artists who showcased their art in the form of NFTs to create social awareness and raise funds for the Tunku Azizah Fertility Foundation (TAFF).
Using these NFT arts, they aim to shed light on the common but still taboo subject of infertility, while collecting monetary benefits to sponsor fertility treatments for B40 couples.
The campaign aims to raise around RM100,000 from the 12 paintings, each of which they expect to see a minimum bid of RM12,000.
The 12 NFTs will be auctioned on January 29 from 1-5 p.m. via Crypto-Nate’s social media platforms, but pre-auctions will start from January 23.
Artists like Sue Anna Joe, Arif Rafhan and Vivian Ng are just a few of the names contributing to the cause with themed pieces.
The Queen of Malaysia, Tunku Azizah Aminah Maimunah Iskandariah, who also founded and runs TAFF, had Arts for ART was presented to him by the UKM team.
What she actually thinks about NFTs in general, we don’t know yet, but it’s interesting to see that the movement has reached royal attention and penetrated educational institutions (a public university, no less).
It’s too early to say that the Queen’s and UKM’s acknowledgment of the use of NFTs for charitable purposes indicates general acceptance of NFTs by the wider Malaysian community, but if more public institutions start jumping on the trend…remember we first predicted the possibility here.
As mentioned, it’s been a bit of a slow week, so ICYMI (in case you missed it), here’s a look back at some more exciting NFT events that took place this month.
More recently, AirAsia’s Tony Fernandes received an NFT from Jay Chou’s collection, Phanta Bear. It cost 1 ETH, which was around 14K RM at the time of writing, but today translates to around 12.6K RM.
At the same time, Tony had cryptically announced, “Watch airasia on internet 3.0” on an Instagram post about the giveaway. From there, we’re guessing he’s teasing AirAsia’s eventual move into crypto, NFT, metaverse, or something along those lines.
Well, let’s see what the Malaysian airline is up to. We are ready.
Another high-profile figure who had openly announced his advocacy for NFTs was Syed Saddiq a few days earlier.
He sells NFTs in the form of his face artwork to raise money for charity, and does so to secure a different fundraising strategy for the Muar constituency in the long run.
According to him, federal aid is not only lacking, but can take a long time to arrive, so he is taking on welfare funding issues through NFTs.
To be continued
From our side, here’s what you can expect to see next week.
We talk to people about Pentas.io, an NFT marketplace started by locals, and we’ll interview a Malaysian residing in Singapore who uses NFTs to pay tribute to our mutual love for one particular. copitiam food.
In between, we plan to cover more NFT projects and events, and who knows, maybe another high-profile personality will make waves on the scene.
- If you have something to share related to NFT that is both exciting and locally relevant, contact us with your story at [email protected]
- Learn more about our NFT content here.
Featured image credit: Tony Fernandes / Universiti Kebangsaan Malaysia (UKM) / Syed Saddiq