As we embrace the digital age, where content online can be easily copied and used, it becomes increasingly difficult to authenticate individual ownership. In this exclusive article, Patrick Tan presents the solution to this conundrum, in the form of NFTs.
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Jackson Pollock Red Composition, Christie’s

Thaddeus Chong (not his real name) had been waiting for this day for a long time. 

As the anonymous phone bidder at a recent Christie?s auction, he had been waiting to take delivery of his latest prized find ? a rare piece by American abstract expressionist Jackson Pollock, for months. 

Chong, who attended New York?s finest business schools and made his fortune trading oil futures in the 70s and 80s, first set eyes on Pollock?s work when he was cutting his teeth on Wall Street and vowed to someday own one. 
And now that day had finally arrived, he couldn?t have been happier. 

Prancing around the expansive living room of his 12,000-square-foot bungalow in a well-appointed neighbourhood in Singapore, Chong couldn?t wait to show his latest acquisition off to his friends, who would be green with jealousy, he surmised. 

Then the coronavirus pandemic hit. 

And Chong was left pretty much alone (his family hadn?t taken to art in the way that he had) to stare at his Pollock that hung forlornly in his living room, unable to invite anyon...