Crypto Investors Acquire $5 Million Triceratops Skeleton in Singapore

Led by Wintermute co-founder Yoann Turpin, the group moved the 69-million-year-old fossil from Wyoming to Singapore’s Le Freeport, highlighting a shift from NFT investments to rare collectibles.

NFT

Summary

A group of cryptocurrency investors, including Wintermute co-founder Yoann Turpin, purchased a 69-million-year-old triceratops skeleton for $5 million. The fossil was transported from Wyoming, United States, to Singapore’s Le Freeport storage facility earlier in 2024. This acquisition marks a notable shift among some crypto investors from focusing on NFTs (non-fungible tokens) to investing in antique and rare physical items.

Terms & Concepts
  • NFT (non-fungible token): A unique digital asset stored on a blockchain, often used for art, collectibles, and other creative works.
  • Le Freeport: A high-security storage facility in Singapore designed for art, collectibles, and high-value goods.
  • Triceratops Skeleton: A fossilized skeleton of a herbivorous dinosaur that lived approximately 69 million years ago.