Young people are using the NFT frenzy to save for a house
Jessica SierNorth Asia correspondent
Tom Hayes, a 21-year-old finance student at RMIT in Melbourne, has found buying and selling NFTs is yielding much better returns than the stock market.
He says NFTs, or non-fungible-tokens, which can present as digital artworks online, is giving him an opportunity to quicken his path towards a house deposit.
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Jessica Sier is the North Asia Correspondent for The Australian Financial Review. She is based in Tokyo, Japan. Jessica has previously written on technology, global capital markets and economics. Connect with Jessica on Twitter. Email Jessica at jessica.sier@afr.com
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