Ahead of Art Basel Hong Kong 2022, Henrietta Tsui-Leung, whose gallery Ora-Ora was first to bring NFT artworks to the art fair last year, says physical art will not be replaced by non-fungible tokens. Here’s why
Henrietta Tsui-Leung, the director of Hong Kong art gallery Ora-Ora, believes that NFTs are a global and cross-industrial movement which the art scene cannot ignore; so much so that her gallery was the first to present two series of NFT artworks at Art Basel last year—by contemporary artist Peng Jian and multimedia artist Cindy Ng when a lot of galleries were still hesitant to join the game.
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She says that most of the skeptics are cautious about the breach of internet protocols (IPs) because there have been cases where images were stolen and used to mint NFTs before the original creators could. “But blockchains are not thieves. It’s about spending time and money to secure the IPs for their artworks,” says Tsui-Leung, who once accidentally gave away her seed phrase, which is similar to the password of a wallet, and led to the draining of her MetaMask. “It was a precious lesson learnt.”
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