Ever since digital artist Beeple sold an NFT, or non-fungible token, for USD 69 million at auction house Christie’s in March, the technology has left a deep imprint in Asia. In Thailand, conglomerate Jay Mart Group announced plans to launch the country’s first NFTs, the Bangkok Post reported on Monday, but new regulations might hamper those developments.
Jay Mart’s proposed tokens will showcase “unique moments” of nine celebrities, such as the first concert of Thai-Belgian pop singer Eve Pancharoen, who is known as Palmy, or the first gig of stand-up comedian Udom Taepanich, also known as Note. NFTs are unique digital assets on the Ethereum blockchain that have become a new medium for artists to sell their work.
Thailand’s Securities and Exchange Commission soon dashed creators’ hopes to have the tokens listed on regulated digital asset exchanges, as it announced last…
