Taiwanese NFTs: Marching into the Metaverse

“Non-fungible tokens”—NFTs—seem to be everywhere these days. Here in Taiwan, the hype has been growing ever since Christie’s auctioned an NFT of Everydays: The First 5000 Days, a work by the American digital artist Beeple, for US$69 million.
As this new trend has taken hold, we’ve seen NFTs related to Pili glove puppetry, Taiwanese chicken rice, Taiwanese-style fried chicken, and universities, linked to various blockchains. Even the Beigang Wude Temple, Taiwan’s largest temple to Cai Shen, the god of wealth and fortune who manages the world’s ­finances, has gotten in on the action by releasing “Decade Wealth Medallion” and “Wude Cai Shen” NFTs.
Whereas the Wude Temple faithful used to have to line up and scramble for wealth medal­lions at the Lunar New Year, they can now purchase ten years’ worth (both virtual and physical) all at one go from Wude Universe. In fact, the Cai Shen NFTs proved so popular that on the day of their ­release the demand for them crashed sales platforms.

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