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Hong Kong emerging as NFT hub

In an interview with the South China Morning Post, WhaleShark, an anonymous, major collector of more than 400,000 non-fungible token (NFT) items, has tipped Hong Kong as becoming a trading hub for blockchain-enabled NFTs because of its strong connections to international finance and art. WhaleShark is based in Hong Kong and has been active in the NFT market since 2012. NFTs refer to units of data stored on a blockchain, which guarantees each digital asset to be unique and immutable. As such, NFTs can be owned and traded much like physical items in the real world.

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