Cover Story - Introduction

Cover Story - The Era of Decentralisation: Where Does NFT Place Itself

As the world is slowly evolving and adapting to Web 3.0, people are becoming more and more aware of the emergence and importance of decentralised technologies in digital products, services, platforms and tools. One of which is the digital certification technology that is built on blockchain, namely NFT - and it has made its way into one of the top pop culture trends. However, with the hype mainly built around its speculative purposes and their high potential returns, NFT’s real-world applications and its ability to generate and hold value has been controversial.

In this cover story, we would like to give an overview and introductory guide to the world of NFTs in the midst of all the overwhelming new developments. We will be discussing the local NFT scene with Blank Marketplace, the entrepreneurial opportunities of NFTs according to Fidinam and also give a quick guide to navigate through the legal aspect of NFTs.

As for the creative innovation, art platform Artay is teaching us that there are no limits in the digital world by publishing art of different mediums such as music and photography with NFTs.

To go more in depth and to understand how local artists have perceived the arrival of NFTs to the art market, we have also interviewed artists represented by Artay such as Kelvin Yuen, Simon Birch and DJ Sidtrus and Hong Kong’s first NFT urban artist Szabotage, with in-depth questions to explore their NFT journey and how they were capable of translating their works to digital. We hope that you will find this read insightful if you are investing in or just intrigued by the world of NFTs.