NFT and Art Finance in Hong Kong: Overview and New Opportunities

Authors

  • Sheng Zhang School of Economics and Management, Communication University of China, Beijing 100024, China Author

DOI:

https://doi.org/10.70267/5tycmy42

Keywords:

NFT, art finance, art market, digital economy

Abstract

As the traditional art market faces the challenge of transformation under the wave of digitization, Hong Kong's role as a “super-connector” will continue to play a significant role in the era of fully embracing virtual assets. Utilizing both documentary and empirical research methods, the article reviews the history and connection between NFT and art finance events, aiming to explore the possibility of their mutual empowerment and the future outlook of their synergistic development in Hong Kong.

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References

Guidi, B., & Michienzi, A. (2023). From NFT 1.0 to NFT 2.0: A review of the evolution of non-fungible tokens. Future Internet, 15(6), Article 189. https://doi.org/10.3390/fi15060189

Pinto-Gutiérrez, C., Gaitán, S., Jaramillo, D., & Velasquez, S. (2022). The NFT hype: What draws attention to non-fungible tokens? Mathematics, 10(3), Article 335. https://doi.org/10.3390/math10030335

Poposki, Z., & Leung, I. H. B. (2022). Hong Kong as a global art hub: Art ecology and sustainability of Asia’s art market centre. Arts, 11(1), Article 29. https://doi.org/10.3390/arts11010029

Securities and Futures Commission. (2022, June 6). SFC reminds investors of risks associated with non-fungible tokens. https://apps.sfc.hk/edistributionWeb/gateway/EN/news-and-announcements/news/doc?refNo=22PR34

Wang, Q., Li, R., Wang, Q., & Chen, S. (2021). Non-fungible token (NFT): Overview, evaluation, opportunities and challenges. arXiv preprint, arXiv:2105.07447. https://doi.org/10.48550/arXiv.2105.07447

World Economic Forum. (2023, October). Evolution of non-fungible tokens. https://www.weforum.org/publications/evolution-of-non-fungible-tokens/

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Published

2024-06-06

Issue

Section

Research Articles

How to Cite

Zhang, S. (2024). NFT and Art Finance in Hong Kong: Overview and New Opportunities. Financial Economics Research, 1(2), 78-82. https://doi.org/10.70267/5tycmy42