Non-fungible tokens, or NFTs, have been around for some time – seven years to be exact. But popularity only exploded last year, when it took the world by storm.
NFTs refer to data stored on a blockchain which guarantees a digital asset that is unique and immutable.
Why people are willing to spend big money on cartoon figures remains a mystery for some, but galleries and investors are already moving fast to seize the opportunity.
In this episode of #AllAboutMoney, we speak with Christopher Tang, owner of the Shout Art Hub and Gallery – an Asia-based studio which used to collect street and pop art, but now also NFTs to learn about the NFT market status in Hong Kong.