NFTs are everywhere in K-Pop now

  • There's no coming back

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  • ARGH!


    nfts *ARE* a cool idea for IP protection

    BUT IT IS FUNDAMENTALLY FLAWED


    And also it does honestly Nothing of note over existing supply chains.


    quote me with questions but just -- Its a good money maker and I can see why they want to do it. But this is just going to be another case of Steam cars or Pneumatic mail. It is a good idea, sure. but do the benefits really outweigh its benefits?


    Nft's are just half baked. No two ways around it. Its like a patent office but like also tracks ownership of goods but then doesn't have any sort of enforcement... Kind of shooting oneself in the foot if the whole point of a patent office was for the dang enforcement.


    Imma call it NFTs as they are now will not be successful. They will have to adapt and change before it can survive or it goes in the archives as a "cool idea, but for an alternate future"

  • Right now it's just novelty. It's just another asset being used for speculation.

  • I wish big artists didn't join this trend. It's not like they're needing money.

    It's true but I think we'll be surprised. Because the real debate is above all in the freedom of sharing on the internet. So it will be interesting to know the position of the artists on the subject.


    I obviously don't include the BIG3 artists since the companies decide for them and they will never say anything. And also all the others also controlled by their company.


    I hope IU, MMM and Dreamcatcher will resist as much as possible. But I think the real challenge will come from younger artists who want to stand out and create their own path.

  • It's true but I think we'll be surprised. Because the real debate is above all in the freedom of sharing on the internet. So it will be interesting to know the position of the artists on the subject.


    I obviously don't include the BIG3 artists since the companies decide for them and they will never say anything. And also all the others also controlled by their company.


    I hope IU, MMM and Dreamcatcher will resist as much as possible. But I think the real challenge will come from younger artists who want to stand out and create their own path.

    There's no moving away from crypto in the foreseeable future. But right now it's nothing more than a speculative market.


    Small artists won't have the luxury to neglect a new source of revenue. The only ones that can go against it are big artists.


    But companies are greedy, so there's no way BIG4 artists won't do it. Even if they don't need it.

  • what even is dunamu

    atleast binance i've heard of


    Hybe will be acquiring 860,004 shares (a 2.5% stake) worth 500 billion KRW (421.6 million USD) in Dunamu, the operator of Upbit, a Korean cryptocurrency exchange, by issuing convertible bonds (CB) worth 400 billion KRW (337.3 million USD). Dunamu decided to invest 700 billion KRW (590.2 million USD) in newly issued HYBE shares through a third-party allocated capital increase. Dunamu's stake will be 5.6% of HYBE.


    The joint venture will have NFT digital photo cards of K-pop stars that will be traded through the Weverse app. HYBE explained they plan to get rid of existing photo cards and introduce digital photo cards that will be given unique authentication/registration numbers. In addition, they will introduce this method to their music so that each music will have a unique registration number as well.

  • YG goes green with their album packaging and materials but then gets into the NFT game :facepalm:. They went the cost savings route and made press releases to make themselves look like the good guys. People ate it up.

  • at the end of the day it's a business decision based on supply and demand


    if there is enough people will to part their money for such NFTs - it's their choice and they can and thus there will be companies willing to create and sell NFTs


    I might not - you might not but somebody will and thus a market is created...

  • Jesus. Well, this companies love the money and Kpop fans are so dumb. Easy money. Mmm, what bothers me, Sunmi is not with a small agency? I believe she have more power over this decisions instead idols under JYP, SM and Hybe. She is ok with scamming her fans?

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