The Hong Kong Digital Asset Exchange plans to launch a trading platform for NFT (Non-Fungible Token) digital artwork, to go live in the third quarter of this year.
NFT is based on digital content distributed on the blockchain, including digital design, digital music, digital video, and other digital creations. Unlike other cryptocurrencies, NFTs are unique and the blockchain allows buyers and sellers to verify authenticity and ownership.
HKD.com will provide artists with an online platform to publish, promote, trade, and exchange their works, with a variety of crypto products to include digital art, animation, music, and film.
Users can trade, buy, sell and exchange tokens through public offerings or competitive bidding, and artists can publish their digital artworks.
The exchange, which supports multiple fiat currencies and major cryptocurrencies, will offer over-the-counter fiat currency trading services. The venue will also provide physical store and exhibition services for artists.
Kelvin Yeung, Founder and CEO of the Hong Kong Digital Asset Exchange, decided to develop the NFT business and launch a related trading platform on HKD.com to address the lack of a credible trading platform for the digital creation market in Hong Kong.
The operator aims to help local artists add value to their talents as well as to promote the development of the art world.
Tom Brady is reportedly launching an NFT platform this spring. Named ‘Autograph’, the business will bring together celebrities from sports, entertainment, fashion, and pop culture to work with creators to develop unique digital collectibles.
Dillon Rosenblatt, co-founder and CEO of Autograph, said: “Autograph will bring together some of the world’s most iconic names and brands with best in class digital artists to ideate, create and launch NFTs and ground-breaking experiences to a community of fans and collectors.”