【Block Movement】What’s hidden inside the vault in Singapore, known as “Asia’s Knoxborough”? Fine wines and famous paintings are not uncommon, but recently it was heard that there is a complete Triceratops fossil dating back 6.9 million years—only 24 are known worldwide.
One of the owners of this item is Yoann Turpin, co-founder of the crypto market maker Wintermute. He and several investment partners pooled about 5 million USD and this year transported the over five-meter-long creature from Wyoming to Singapore’s Le Freeport. All four buyers are from the crypto circle, including Chaw Wei Yang from the collectibles platform Co-Museum.
This situation quite well illustrates the point. In 2022, everyone was crazy about NFTs, but now these wealthy crypto folks have clearly changed tastes. The digital art craze has cooled down, and they are now turning to antiques, precious metals, sculptures—tangible items. In plain terms, they’re tired of virtual assets and prefer physical hard currencies.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
13 Likes
Reward
13
4
Repost
Share
Comment
0/400
CryptoTarotReader
· 12-11 05:17
Sixteen million nine hundred thousand-year-old dinosaur fossils lying in the treasury—this move is truly brilliant, the bigwigs in the crypto world really play wild.
---
Fifty million dollars spent on fossils, I just want to know how much potential appreciation this thing has.
---
Wait, all four buyers are from the crypto world? That’s a real slap to traditional collectibles, haha.
---
Le Freeport has added new treasures again, crypto people really buy anything.
---
Even collectible platform operators are jumping on the dinosaur trend—this batch of crypto folks really have some guts.
---
A five-meter-long Triceratops stored in a Singapore vault—how crazy is that?
---
There are only 24 in the world, and one is in the crypto world—laugh out loud. Are they collecting or showing off wealth?
---
Transported from Wyoming to Singapore, just the shipping costs probably cost a lot of money.
---
Wintermute people are also into this? Looks like they really have too much idle money.
View OriginalReply0
TokenomicsPolice
· 12-11 05:14
Do people in the crypto circle really buy everything, even dinosaur fossils?
---
5 million USD piled on fossils, how idle must they be...
---
Wait, there are only 24 specimens and they're all hoarded by crypto people? What are they doing?
---
Wintermute's guys have started collecting antiques, is the next step to buy elephant ivory?
---
That Singapore vault has really become a private museum for crypto folks.
---
These people are just looking for safe-haven assets in inflation, fossils count too?
---
I just want to know if this stuff can appreciate, or if it's purely collectibles for players.
---
Haha, all four buyers are crypto people, this story is pretty outrageous.
---
Stuff that's over 6 million years old being hyped by modern people, it's strange.
---
But honestly, this collection idea is quite unique, better than hoarding stablecoins?
View OriginalReply0
StrawberryIce
· 12-11 05:12
People in the crypto world really have so much money they don't know what to do with it. Throwing 5 million at dinosaur fossils... I damn well laughed.
---
Wait, no, this is actually more reliable than buying a Bored Ape? At least dinosaur fossils hold their value.
---
Putting fossils in the Singapore vault... they must be really afraid of theft to do it this way haha.
---
Crypto people are all collectors now, this time it’s not NFTs, it’s real.
---
Wait, Wintermute is into this too? I’m just wondering how they spend the money they’ve made.
---
A 69-million-year-old item is actually worth more than some recent crypto projects—ironic.
---
Having a piece of Earth's history for just five million—this deal looks good to me.
---
So after blockchain, they started collecting dinosaurs. The crypto world really dares to do anything.
View OriginalReply0
AirdropworkerZhang
· 12-11 05:11
Haha, crypto people really dare to buy anything, even dinosaur fossils are stored in vaults.
---
Five million USD for a stone that’s millions of years old—honestly, I just don’t understand the logic.
---
Wintermute is burning through money again. Next time, just buy a meteorite, everyone.
---
So now money laundering has become so advanced? I’m still digging air coins.
---
There are only 24 bodies worldwide. The buyer’s team really has money to burn.
---
The big players in the crypto world have even stuffed dinosaurs inside. Next step, buying Mars, brothers?
---
The items in Singapore’s vaults are all so outrageous, even fossils are joining the fun.
---
Why does it seem like collectors in the crypto world are just flaunting wealth?
---
Stuff that’s 6.9 million years old worth only 5 million—when will the zero-coins I bought also appreciate?
---
What is true wealth and caprice? Just one sentence.
Crypto industry bigwig spends $5 million to move 69 million-year-old dinosaur fossils into a Singapore vault
【Block Movement】What’s hidden inside the vault in Singapore, known as “Asia’s Knoxborough”? Fine wines and famous paintings are not uncommon, but recently it was heard that there is a complete Triceratops fossil dating back 6.9 million years—only 24 are known worldwide.
One of the owners of this item is Yoann Turpin, co-founder of the crypto market maker Wintermute. He and several investment partners pooled about 5 million USD and this year transported the over five-meter-long creature from Wyoming to Singapore’s Le Freeport. All four buyers are from the crypto circle, including Chaw Wei Yang from the collectibles platform Co-Museum.
This situation quite well illustrates the point. In 2022, everyone was crazy about NFTs, but now these wealthy crypto folks have clearly changed tastes. The digital art craze has cooled down, and they are now turning to antiques, precious metals, sculptures—tangible items. In plain terms, they’re tired of virtual assets and prefer physical hard currencies.