Bloomberg: Crypto Elite Abandons NFTs, Turns to Bidding for 69 Million-Year-Old Dinosaur Fossil

BlockBeats News, December 11th, according to Bloomberg, deep in a vault in Singapore known as the "Asian Fort Knox," home to top-tier wines and priceless artworks, lies a complete skeleton of a Triceratops dating back 69 million years — one of only 24 known in the world. Among its group of collector owners is Yoann Turpin, co-founder of crypto market maker Wintermute.

This trading executive and his co-investors paid about $5 million for this over five-meter-long fossil, earlier this year having it shipped from Wyoming to Le Freeport in Singapore. The four owners all invest in cryptocurrency, including Chaw Wei Yang, who operates the collectibles-themed platform Co-Museum.

This purchase reflects a shift in taste among the crypto elite. After experiencing the NFT craze of 2022, their interest in digital art began to wane. Today, executives in the cryptocurrency space are increasingly turning to collectibles, precious metals, and sculptures.