Bloomberg: Crypto elite abandon NFTs to compete for $69 million dinosaur fossils from 70 million years ago

BlockBeats News, December 11 — According to Bloomberg, at the depths of a vault in Singapore known as the “Asian Knoxfberg,” which houses top-tier wines and priceless paintings, there is a complete Triceratops skeleton dating back 69 million years — one of only 24 known in the world. It is owned by a group of collectors, including Yoann Turpin, co-founder of crypto market maker Wintermute. This trading executive and his co-investors paid about $5 million for the over five-meter-long fossil, which was transported from Wyoming to Singapore’s Le Freeport earlier this year. All four owners are involved in cryptocurrency investments, including Chaw Wei Yang, who operates a collectibles-focused platform called Co-Museum. This purchase reflects a shift in the taste of the crypto elite. After experiencing the NFT boom of 2022, their interest in digital art has waned. Today, executives in the digital currency space are increasingly inclined to collect antiques, precious metals, and sculptures.