Takashi Murakami’s NFT apology to fans: launching just before the 2022 crypto market crash, the Japanese contemporary artist saw his Murakami Flowers’ value drop from US$260,000 to a mere US$2,000

• The NFT market saw a record high last year when Beeple’s artwork sold for US$69 million at a Christie’s auction, which piqued interest among creatives, celebrities and luxury brands alike
• Renowned artist Murakami joined the hype but missed out on the crypto boom by opting to spend a year perfecting his project – nevertheless, his fans have his back