Karmic fortune has arrived to the digital art market, with a kaleidoscopic splash of colors and the face of a revered Thai monk offering portable Buddhist good luck charms to tech-savvy buyers.
Sales of non-fungible tokens (NFTs) — virtual images of anything from popular internet memes to original artwork — have swept the art world in recent months, with some fetching millions of dollars at major auction houses. “CryptoAmulets” is the latest venture to chase the craze, with founder Ekkaphong Khemthong sensing opportunity in Thailand’s widespread practice of collecting talismans blessed by revered monks.
“I am an amulet collector and I was thinking about how I could introduce amulets to foreigners and to the world,” he said.
Photo: AFP
Collecting amulets and other small religious trinkets is a popular pastime in Buddhist-majority Thailand, where the capital Bangkok has a market solely dedicated to the traders of these lucky objects.
Their value can rise thousands of dollars if blessed by a well-respected monk.
Despite being a digital format, Ekkapong wanted CryptoAmulets to have the same traditional ceremony as a physical piece, which is why he approached Luang Pu Heng, a highly regarded abbot from Thailand’s northeast.
Photo: AFP
“I respect this monk and I would love the world to know about him — he is a symbol of good fortune in business,” he said.
AUTHENTIC AND BLESSED
Luang Pu Heng last month presided over a ceremony to bless physical replicas of the digital amulets, which show a serene image of his face.
Photo: AFP
He splashed holy water onto his own visage as his saffron-robed disciples chanted and scattered yellow petals on the altar where the portraits were mounted. One challenge was trying to explain the concept of NFTs to the 95-year-old abbot, who assumed he would be blessing physical amulets.
“It’s very hard so we just tried to simplify it,” said Singaporean developer Daye Chan. “We said to him that it’s like blessing the photos.”
Transforming amulets into crypto art also means the usual questions of authenticity plaguing a talisman sold in a market are eliminated, he added.
“There are so many amulets being mass produced... All the records could be lost and these physical items can be easily counterfeited,” Chan said.
NFTs use blockchain technology — an unalterable digital ledger — to record all transactions from the the moment of their creation.
“For our amulet, even a hundred years later, they can still check back the record to see what the blockchain is,” Chan said.
But founder Ekkaphong would not be drawn on the karmic effectiveness of digital amulets, compared to their real-life counterparts. “They are different,” he said.
‘LUCKY EXPERIENCES’
On the CryptoAmulets Web site online gallery, different inscriptions are written in Thai — “rich”, “lucky” or “fortunate”, for instance — around each of the tokens.
They are priced on a tiered system in ethereum, the world’s second-largest cryptocurrency after bitcoin, and are currently selling for between US$46 and US$1,840. Sales have been slow ahead of Sunday’s purchase deadline, with only 1,500 tokens sold out of the 8,000 available, and with Thais making up most of the buyers.
Thai chef Theerapong Lertsongkram said he bought a CryptoAmulet because of his reverence for objects blessed by Luang Pu Heng, which he says have brought him good fortune.
“I have had several lucky experiences such as winning small lottery prizes... or being promoted on my job,” said Theerapong, who works in a Stockholm restaurant.
“I did not know anything about NFTs before, but I made the decision to buy it as I respect Luang Pu Heng so much,” he said.
But fellow collector Wasan Sukjit — who adorns the interior of his taxi with rare amulets — has a harder time with the concept. “Amulets need to be something physical, something people can hold,” he scoffed. “I prefer the ones I can hang on my neck.”
Taiwanese chip-making giant Taiwan Semiconductor Manufacturing Co (TSMC) plans to invest a whopping US$100 billion in the US, after US President Donald Trump threatened to slap tariffs on overseas-made chips. TSMC is the world’s biggest maker of the critical technology that has become the lifeblood of the global economy. This week’s announcement takes the total amount TSMC has pledged to invest in the US to US$165 billion, which the company says is the “largest single foreign direct investment in US history.” It follows Trump’s accusations that Taiwan stole the US chip industry and his threats to impose tariffs of up to 100 percent
From censoring “poisonous books” to banning “poisonous languages,” the Chinese Nationalist Party (KMT) tried hard to stamp out anything that might conflict with its agenda during its almost 40 years of martial law. To mark 228 Peace Memorial Day, which commemorates the anti-government uprising in 1947, which was violently suppressed, I visited two exhibitions detailing censorship in Taiwan: “Silenced Pages” (禁書時代) at the National 228 Memorial Museum and “Mandarin Monopoly?!” (請說國語) at the National Human Rights Museum. In both cases, the authorities framed their targets as “evils that would threaten social mores, national stability and their anti-communist cause, justifying their actions
In the run-up to World War II, Admiral Wilhelm Canaris, head of Abwehr, Nazi Germany’s military intelligence service, began to fear that Hitler would launch a war Germany could not win. Deeply disappointed by the sell-out of the Munich Agreement in 1938, Canaris conducted several clandestine operations that were aimed at getting the UK to wake up, invest in defense and actively support the nations Hitler planned to invade. For example, the “Dutch war scare” of January 1939 saw fake intelligence leaked to the British that suggested that Germany was planning to invade the Netherlands in February and acquire airfields
The launch of DeepSeek-R1 AI by Hangzhou-based High-Flyer and subsequent impact reveals a lot about the state of the People’s Republic of China (PRC) today, both good and bad. It touches on the state of Chinese technology, innovation, intellectual property theft, sanctions busting smuggling, propaganda, geopolitics and as with everything in China, the power politics of the Chinese Communist Party (CCP). PLEASING XI JINPING DeepSeek’s creation is almost certainly no accident. In 2015 CCP Secretary General Xi Jinping (習近平) launched his Made in China 2025 program intended to move China away from low-end manufacturing into an innovative technological powerhouse, with Artificial Intelligence
RSS