Credit: Matrixport
Singapore has witnessed increased interest levels in digital assets to 88% from 53% previously — following the crypto market’s crash on the back of Terra Luna’s fallout earlier in May — according to The Private Wealth in Digital Assets Study 2022. This highlights the country’s continued optimism in the market in spite of destabilising turbulence particularly in the crypto space.
The study, which was commissioned by Singapore-headquartered digital assets and financial services firm Matrixport found that there was a 2.2 times increase in the number of Singaporean investors highly interested in digital assets post Terra Luna fallout.
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With regards to mass affluent individuals (MAIs), Singapore saw the highest increase in their interest in digital assets as well, in comparison to other countries. In particular, the crypto winter sparked a 6.67 times increase in MAIs who were interested in investing in digital assets, according to the study.
Photo: Bissu by Ben Mulyo Wicaksono
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Curator-lead NFT marketplace TheUpsideSpace had officially launched on Dec 8, aiming to help traditional visual artists looking to break into the world of NFT art as well as artists who are already creating NFT art with digital tools.
Exhibitions by TheUpsideSpace will assist with conceptualising the pieces of artists as NFTs to break into the Web 3.0 space and propel their work into the global realm, in a bid to reach new audiences from around the world. In this process, the barrier to entry for newer artists more unfamiliar with the space is lowered, while being carefully mentored and guided through the ecosystem, it said in a statement.
