July 14, 2022
By Sharan Kaur Phillora
Former Hong Kong financial secretary John Tsang has plans to launch an NFT series named “choi yeah” (a colloquial term for “financial chief”), his nickname, as part of his effort to contribute to the city’s startups.
Here’s what we know
The NFTs were minted on July 12, on a first-come, first-serve basis. Owners of the 3,000 pieces of the NFT will also receive surprises planned by Tsang this year. Tsang stated that he would give the NFT recipients other presents, such as a poem, music, or some articles. Owners of “Choi Yeah NFTs” will also be invited to Web 3.0-related activities.
He stated, “The world has changed dramatically in recent years. Troubles of all kinds in our communities are a source of concern for all of us as we inadvertently approach the new Web 3.0 environment! This ‘Choi Yeah NFT’ project will donate 10% of the revenue from secondary trading transactions to Hong Kong tech firms “startups.”
He said the Choi Yeah NFTs are part of a non-profit initiative and will be offered for free. Holders can make trades with the artwork after six months.
Tsang said some of the NFTs will be offered on StashAway HK – a wealth management firm – and Esperanza, a non-profit he founded. StashAway deputy chief investment officer Stephanie Leung suggested the private sector rolls out projects like Tsang to promote NFTs.
About the author
Sharan Kaur Phillora’s thirst for knowledge has led her to study many different subjects, including NFTs and Blockchain technology – two emerging technologies that will change how we interact with each other in the future. When she isn’t exploring a new idea or concept, she enjoys reading literary masterpieces.