The Hong Kong Digital Asset Exchange (HKD.com), has announced its plans for what it described as Hong Kong’s first one-stop trading platform for NFT (Non-Fungible Token) digital artwork. The launch is scheduled for third quarter of 2021.
The platform is tentatively named “HKD.com NFT Trading Platform”, they said in a statement that this 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.
Platform users can trade, buy, sell and exchange tokens through public offerings or competitive bidding, and artists can publish their digital artworks. HKD.com supports multiple fiat currencies and major cryptocurrencies and will offer over-the-counter fiat currency trading services. In addition HKD.com will also provide physical store and exhibition services for artists.
NFT is a new form of digital asset, currently based on digital content distributed on the blockchain, including digital design, digital music, digital video and other digital creations. NFT can be used in a wide range of applications but is currently growing fastest in the art world in particular.
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