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

On December 11, according to Bloomberg, deep inside a vault in Singapore known as the “Asian Knox Fortress,” which houses top-quality wines and priceless artworks, there is a complete Triceratops skeleton dating back 69 million years—the only one known in the world, with only 24 in existence. It is owned by a group of collectors, including Yoann Turpin, co-founder of crypto market maker Wintermute. This executive and his co-investors paid approximately $5 million for the over five-meter-long fossil, which was transported from Wyoming to Le Freeport in Singapore earlier this year. All four owners have invested in cryptocurrencies, including Chaw Wei Yang, who operates Co-Museum, a platform focused on collectibles. This purchase reflects a shift in the tastes of the crypto elite. After experiencing the NFT boom of 2022, their interest in digital art has begun to wane. Today, executives in the digital currency space are increasingly inclined to collect antiques, precious metals, and sculptures.