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SCMP: NFT art show opening in Hong Kong, with sustainable dev...

NFT art show opening in Hong Kong, with sustainable development charities to benefit from proceeds of artwork sales

Enid Tsui | Published: 3:30pm, 5 Oct, 2021

  • Impact NFT Exhibition will mostly feature non-fungible tokens minted in a less energy-intensive way; proceeds from art sold at the show will go to non-profits

  • The Post will take part, giving a preview of five works by Hong Kong artists to be sold to benefit Operation Santa Claus, annual charity fundraising campaign

The Shadow of Murgha Punishment (Corporal Punishment Series) by Fahim Rao. Limited edition NFTs of the 2021 work will be presented by the Sovereign Art Foundation during the Impact NFT Exhibition. Photo: Fahim Rao/Shaarbek Amankul

A technology platform backed by conservation organisation the World Wide Fund for Nature (WWF) will hold an exhibition of “sustainable” NFT art in Hong Kong this month, amid concerns that booming investments in non-fungible tokens come at a steep environmental cost.

The Impact NFT Exhibition, to be held at Soho House Hong Kong, a private members’ club in Sheung Wan, from October 15-24, is organised by the Sovereign Art Foundation and Project Ark, a blockchain platform built by Panda Labs, the innovation arm of WWF (also known as the World Wildlife Fund), and Hong Kong technology company Carbonbase, which helps companies and individuals lower their carbon footprints.

The exhibition will feature NFT art created for charity projects devoted to achieving the United Nations’ Sustainable Development Goals.

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