Hong Kong Law Firm Deacons Jumps on the NFT Bandwagon

Katie R. Ochoa

The Hong Kong law organization Deacons has released its debut non-fungible token (NFT) to mark its 170th anniversary—the initial Asian regulation firm to start its have NFT.

The company has partnered with its client, HashKey Group, a Hong Kong-dependent digital asset financial products and services group, for the institutional-quality minting, distribution and custody guidance of its NFT.

The digital asset is also supported by both equally Hong Kong fintech consulting firm BCW Team and HashKey Group’s digital wallet, HashKey Me.

Registration for Deacons’ limited version NFT, which is a mosaic comprising 85 individual pictures contributed by the firm’s personnel, is complimentary and accessible on the Deacons site.

“The images seize the photographers’ favorite Hong Kong times of 2021 and are a celebration of the human spirit and of Hong Kong,” Deacons said in its assertion. The NFT pays homage to the firm’s 650-robust employees who have contributed to its accomplishment about the decades, the business additional.

A full of 1,700 NFTs are staying issued. Registration started out on May perhaps 17 and closes on the past working day of May possibly.

According to Taylor Hui and Sabrina Fung, partners and co-heads of Deacons’ business advancement committee, the visuals within the mosaic “showcase the diversity of our folks and what contentment usually means to just about every of us.”

“These photos also emphasize different areas of Hong Kong, which is additional than just the enterprise district and superior-rise buildings,” they added.

Deacons did not present the number of registrations inside of the 1st 24 hrs of its NFT launch but reported that the company is “happy with the number of registrations received at launch yesterday and will continue on endorsing our NFT around the up coming two weeks.”

When Deacons is the 1st Asian law organization to launch its very own NFT, it is not the first law business to do so. The British business Stephenson Law has also released NFTs but it took a various business advancement system and technique. Final 12 months, the agency issued 3 individual NFTs that served as crypto-art tokens that depict lawful guidance. Just about every NFT was priced at the cryptocurrency equal of close to $350, and provides the consumer the ideal to redeem their NFT for an hour of legal tips on topics associated to digital property and fintech.

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