Taiwan puppeteers look to NFTs to keep their art alive

Two Pili puppet characters battle each other, with real fire as a special effect, during a demonstration at their filming studio in Yunlin, Taiwan, February 18, 2022. REUTERS/Ann Wang

YUNLIN, Taiwan (Reuters) - A group of Taiwanese puppeteers are looking to use non-fungible tokens, or NFTs, to help bring their traditional art form into the modern era and keep it relevant for a new audience.

NFTs are crypto assets representing a digital item such as an image, video, or even land in virtual worlds, with prices of some rising so fast last year that speculators around the world sometimes "flipped" them within days for a profit.