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09.12 - 14:58
【Feature】New Art Landscape of NFT Shaping in Hong Kong
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blockchain.newsAlthough Hong Kong's art scene is already booming lucratively with galleries and auction houses showcasing world-class art pieces, the city is on its way to adding another milestone on its journey with non-fungible tokens (NFTs).
Hong Kong is known for hosting large-scale international art events. In an artprice.com report titled «Asia: the Art Market's centre of gravity is heading East», auction houses' results in Hong Kong have been exceptional in 2021, with unsold rates at the lowest in the world: just 10% versus a global average of 30%.
The report also stated that in 2021 alone, the contribution, including China, Hong Kong and Taiwan to the contemporary global market (approximately $1 billion), represented 40% of its value.
According
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