COVID–19 NEWS   Owners of premises in buildings allowed to determine protocol on wearing of face mask at their venue - Johor Exco | Italy greenlights Omicron-adapted COVID-19 booster shots | New COVID-19 cases down 16.9 pct last week | Japan to simplify COVID-19 airport quarantine procedures | EMA endorses Omicron-adapted COVID-19 vaccines | 

Safety features give public confidence to explore NFTs

29/07/2022 12:49 PM

By Rozlin Rusharmeen Rosmin

KUALA LUMPUR, July 29 (Bernama) -- The rising popularity of non-fungible tokens (NFTs) is proof that Malaysians are willing to explore the utilisation of NFTs.

An NFT is a non-interchangeable unit of data stored on a blockchain - a form of digital ledger -  that can be tied to digital files such as photos, videos and audio.

These are unique cryptographic tokens that can represent real-world items like artwork, and since it exists on a blockchain and cannot be replicated, NFTs are seen to be safe and secure forms of digital investments.

The ownership of an NFT is recorded in the blockchain and can be sold and traded by the owner.

NFT Pangolin Southeast Asia business development director Mohamad Johan Nasir said NFTs also work as a platform to support artists and talents, as it provides them with more exposure and opportunities to sell their products online. 

NFT Pangolin is a global marketplace for regional creators in Asia to issue and sell their unique crypto-secured assets to global collectors.

Speaking to Bernama, Mohamad Johan said currently, there are approximately 10 NFT platforms in Malaysia, including,, NFTapir, Nftology and Numismatic, and the number is expected to grow over time as people are gradually getting a grasp on the benefits of NFTs. 

“NFTs help artists in securing their IP (intellectual property) rights and copyright on blockchain and ensure that their ownership is protected, as well as making sure that future royalties of their works are received perpetually, even after multiple sales of the same NFT.

“NFTs are also not limited to digital art; physical medium artists can also tap into the NFT buyers’ market,” he added.

Moving forward, Mohamad Johan hopes that more Malaysians will recognise NFTs, Metaverse, Crypto and Blockchain (NMCB) solutions to stay competitive, as many global tech players and industries are currently utilising the NMCB backbone in innovating their products and services.



Bernama is the trusted source of reliable real-time comprehensive and accurate news for both the public and media practitioners. Our news is published at ; BERNAMA TV on: Astro Channel 502, unifi TV Channel 631, MYTV Channel 121 IFLIX; and Bernama Radio broadcasting locally on FM93.9 in Klang Valley, Johor (FM107.5), Kota Kinabalu (FM107.9) and Kuching (FM100.9).

Follow us on social media :
Facebook : @bernamaofficial, @bernamatv, @bernamaradio
Twitter :, @BernamaTV, @bernamaradio
Instagram : @bernamaofficial, @bernamatvofficial, @bernamaradioofficial
TikTok : @bernamaofficial

© 2022 BERNAMA   • Disclaimer   • Privacy Policy   • Security Policy