Hong Kong Digital Asset Exchange to launch a Non-Fungible Token trading platform
Published 9 April 2021
Hong Kong Digital Asset Exchange (HKD.com), the first digital asset exchange to combine both an online platform and a sizable physical store in Hong Kong, plans to launch a one-stop NFT (Non-Fungible Token) trading platform.
This platform is slated for a third quarter launch in this year, the company said. It will be the first digital asset exchange in Hong Kong to introduce the blockchain technology and provide the NFT trading platform.
As the wave of globalisation of digital crypto asset activities is sweeping through the entire world, NFT is starting to assume increasing significance. HKD.com plans to launch the NFT trading platform in Hong Kong, name as HKD.com NFT Trading Platform (tentatively), the company said.
NFT is a new form of digital assets, issued digital creations content of digital design digital music, digital video etc. on the blockchain. NFT is unique and can own the specific token authenticating ownership of the content. NFT can be widely used, and currently, is applied and growing fast in the art market.
It provides artists with an online platform for the artworks publishing, promotion, trading and payment, with diversified product categories, including digital art, encrypted collections of animation, music and movies. On the trading platform, users can trade through public offer or bidding, and carry out token trading and exchange; while artists can also publish their own digital artworks through the trading platform.
Further, HKD.com supports multi-national legal tender, major cryptocurrencies, and over-the-counter legal tender trading services. In addition, serving as a one-stop service platform, HKD.com also provides physical store exhibition services for artists, the company said.
Kelvin Yeung, founder and CEO of HKD.com, said, “Considering the lack of a credible trading platform for digital creation in Hong Kong’s current market, HKD.com is determined to introduce the business of NFT and launch the trading platform. This not only can help the local artists to add value to their talents, but also can drive the development of the art market.”