USHERING IN A NEW ERA
Whether the term NFT causes you excitement or confusion, there’s been no escaping its rise to prominence in the art world. NFTs exploded on the scene in 2014 and have been disrupting the fine art scene since a piece of digital artwork by Beeple broke records and sold for millions of US dollars at the auction house Christie’s earlier this year. Since that sale, non-fungible tokens have driven sales of contemporary art into the billions, and the market is evolving fast.
As an early Hong Kong proponent of this technology, Jaime Lau, founder of The Spectacle Group, knows more than her fair share about what is fungible and what isn’t, and you can tell this by the twinkle in her eye when explaining NFTs.
THE NFT REVOLUTION
“NFTs are not intangible and not limited to the digital realm as many think – they have real-world impact and definitely real-world value,” Lau comments.
“Before the pandemic, art collectors tended to
