Why is president Tan Hoang Minh's NFT picture being sold at such a high price?
- 193
- Digital
- 08:49 18/04/2022
DNHN - A user is selling an NFT photograph of Mr Do Anh Dung for 15 ETH (approximately 53,000 USD). The aforesaid price is more than three times that of Ms Nguyen Phuong Hang, CEO of Dai Nam, and Mr Trinh Van Quyet, President of FLC, whose NFT version was sold for 17,000 USD (equal to 5 ETH) after two months.
Non-fungible tokens (NFTs) are digital assets that reflect real-world artefacts like art, music, or video game items. They are purchased and traded on cryptocurrency exchanges online.
Even though NFT has been around since 2014, it is becoming more well-known because a lot of big fashion companies have joined. Many NFTs may cost hundreds of thousands of dollars depending on how uncommon and noticeable they are.
Taking famous photos and "casting" them into NFTs before selling them is becoming popular in the Blockchain industry. Not only Mr Trinh Van Quyet and Ms Nguyen Phuong Hang but also other well-known Vietnamese millionaires, are openly traded in NFTs.
Notably, the aforesaid price is more than three times that of Ms Nguyen Phuong Hang, CEO of Dai Nam, and Mr Trinh Van Quyet, Chairman of FLC, whose shares were for sale for 17,000 USD (equal to 5 ETH) after these two were imprisoned.
According to VietNamNet, several NFTs associated with Vietnamese millionaires are presently for sale on the Open sea. These NFTs are part of account aka097's "Bitcoin Trillionaire Club (BTC)-It's Inevitable!"- NFT collection.
The presence of billionaire Tran Dinh Long (Chairman of Hoa Phat Group), Mr Ho Hung Anh (Chairman of Techcombank), Mr Tran Ba Duong (Chairman of Hoa Phat Group), and Mr Truong Hai Group are among the personalities whose portraits are "cast" into NFT. There are other NFTs named after Ms Nguyen Thi Phuong Thao (General Director of Vietnam Airlines) and Mr Nguyen Dang Quang (Masan Chairman).In contrast to the sky-high selling prices of Mr Trinh Van Quyet and Ms Nguyen Phuong Hang's NFTs, the aka097 account holder uses a general price of 0.01 Ethereum for the NFTs he generates, which is equal to just VND 800,000. In reality, the majority of these NFTs are just for sale and presently have no purchasers.
However, this is a new trend that represents NFT owners' assumption that, at some point in the future, someone would purchase back the NFT they created for speculative or collecting reasons.
Khai Anh
Related news
- From New Year messages of World Leaders to the “new rules” of the Global economy in 2026
- Connecting Leaders, Shaping the Future: Strategic Leadership Planning Meeting – CorporateConnections Hanoi A
- Sunlight - Unilever Vietnam Recognized for Outstanding Contributions to the National Initiative Supporting Women Entrepreneurs
- Deputy Prime Minister Nguyễn Chí Dũng: “The country’s major challenges weigh heavily on my mind — and we must resolve them together.
- Unitsky String Technologies signs cooperation agreements with three Vietnamese partners, opening a new direction for smart mobility and sustainable development
- When artists do business – livelihood is no poetry!
- Before the D‑day to abolish flat‑rate tax: Fear of technology and costs leave small traders struggling to adapt
- Vietnamese enterprises at a crossroads: the impact of a potential US–China deal
- "Digital technicians" must not be forgotten if Vietnam aims to meet its strategic goals
- HDBank: Impressive profit growth, leading in profitability and advancing international integration
- TNI King Coffee sued for over VND 5 Billion in unpaid debts
- VINASME and Jeonnam Technopark Sign MOU on technology cooperation, human resource training, and trade promotion
- Vietnamese entrepreneurs strengthen ASEAN connectivity in the digital iIntegration era
- Prime Minister: Vietnam aims to become a regional logistics hub
- Vietnam upgraded to Secondary Emerging Market by FTSE Russell
- Hanoi’s economy grows 7.92% in first nine months of 2025, FDI surges nearly threefold
- Vietnam’s strong gdp growth fails to ease labor market distress
- US tariffs on Brazil propel Vietnam’s pangasius into global spotlight
- VietLeap AI Accelerator launches: A strategic springboard for Vietnam’s AI startups
- CICON expands strategic alliances: A new step forward in Vietnam–Korea business connectivity
Đọc thêm Digital
Cybersecurity talent & digital entrepreneurs: Vietnam racing to fill a 700,000-person workforce gap
The “Student Cybersecurity Festival & Final Round of the 2025 Vietnam Cybersecurity Student Competition” (CSCV 2025), held on November 15 in Hanoi, became a major focal point for the technology community.
"Digital technicians" must not be forgotten if Vietnam aims to meet its strategic goals
Vietnam is facing a serious shortage of skilled technical operators. Without retaining its “digital technicians,” the ambition to become an AI hub may never materialize.
Prime Minister: Vietnam aims to become a regional logistics hub
At the 2025 FIATA World Congress in Hanoi, Prime Minister Pham Minh Chinh emphasized logistics as one of Vietnam’s key growth drivers, highlighting major infrastructure investments and commitments to attract global investors.
VietLeap AI Accelerator launches: A strategic springboard for Vietnam’s AI startups
The program is expected to select 10 to 15 high-growth potential AI startups with clear funding needs.
Vietnam advances cybersecurity law to boost digital sovereignty and business resilience
In a significant step towards strengthening Vietnam’s digital defenses, the National Assembly Standing Committee convened on September 23 to review the draft revised Cybersecurity Law.
Vietnam embraces digital tools to modernize public administration
Across Vietnam, local governments are turning to digital platforms, QR codes, and AI-powered assistants to modernize public services—making them faster, more transparent, and more accessible to citizens.
Administrative procedures for establishing the national technology exchange reduced to one application set
Deputy Prime Minister Nguyen Hoa Binh has just signed Decision No. 2108/QD-TTg approving the plan to streamline internal administrative procedures within the state administrative system under the management of the Ministry of Science and Technology.
Government’s plan to implement Law on Digital Technology Industry approved
The Government has approved a plan to implement the Law on Digital Technology Industry (the Law) scheduled to take effect from January 1, 2026, according to a report from the Government News.
Shark Nguyễn Hòa Bình: Hanoi will become the capital of startup innovation.
Recently, in Hanoi, the seminar “Formulating City People’s Council Resolutions to Promote Science and Technology Development in Connection with the Implementation of Politburo Resolution No. 57-NQ/TW and the Capital Law No. 39/2024/QH15” was held.
Da Nang proposes semiconductor cooperation with Oregon (USA)
Leaders of Da Nang City have proposed that Oregon (USA) and the city explore cooperation opportunities in priority sectors such as semiconductor technology, logistics, and the development of Free Trade Zone (FTZ) infrastructure.