A group of Taiwanese puppeteers are looking to use NFTs to help bring their traditional art form into the modern era
NFTs are crypto assets representing a digital item such as an image, video, or even land in virtual worlds, with prices of some rising so fast last year that speculators around the world sometimes "flipped" them within days for a profit., which makes Taiwan's longest-running television show featuring the puppets at its studio in central Taiwan's Yunlin County, says it wants to use NFTs as another source of revenue.
Pili has thousands of glove puppet characters, a traditional part of Taiwanese street entertainment culture spinning colourful and highly stylised stories of heroic courage and romance, often with martial arts. Pili said four of their puppet characters were made into digital versions and 30,000 sets have been sold as NFTs.
Marketing technology company VeVe, which is in charge of selling the NFTs, said the stories of the puppet heroes resonates with a younger crowd and could draw in foreign fans of super hero films, such as those based on characters from Marvel Comics.
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