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BTS
The Chosunilbo JNS
Hybe, which manages BTS and different Ok-Pop stars, stated it had signed a deal to provide NFTs with South Korea's largest crypto operator.
Bloomberg reported Thursday that Hybe was planning a online game and different digital content material linked to the 7-member band.
NFTs have grow to be mainstream because of the assistance of celebrities, artists and athletes.
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Ok-Pop boy band BTS are the following pop stars to dive into the crypto area after the group's administration signed a deal to provide non-fungible tokens of the seven performers, in line with Bloomberg on Thursday. BTS' company Hybe plans to launch NFT photocards of the band members collectively with South Korea's Upbit change, run by cryptocurrency operator Dunamu – the most important within the nation. The group recurrently releases bodily photcards that followers can acquire, however the world goes digital and BTS are maintaining with the occasions. Many celebrities, artists and performers have introduced out NFTs that signify music, video and video games. However BTS are the most important outfit to become involved on this planet of digital collectible gadgets to this point.Dunamu and Hybe weren’t instantly obtainable to remark when contacted by Insider. "We’re working with Dunamu to create a solution to increase the fan expertise," stated Hybe founder Bang Si-hyuk in a web based briefing, as quoted by Bloomberg. The objective is offering safe card possession and "permitting them to be collected, exchanged, and displayed in a worldwide fan group the place as an alternative of a single picture, it may be was a digital picture card with shifting pictures and sound."Non-fungible tokens have been all the trend, as pop stars like Katy Perry and even trend homes like Burberry have dived in. NFTs are distinctive digital tokens that run on the blockchain. The BTS NFT photocards can be obtainable on Weverse, the app that connects Ok-Pop followers to their favourite bands and singers.Hybe can also be planning a online game, in addition to net comics that includes the "Dynamite" singers. As part of the deal Hybe has purchased a 2.5% stake in Dunamu for $422 million. Hybe may also situation $591 million new shares to Dunamu, in line with Hybe's earnings report Thursday.Learn the unique article on Enterprise Insider
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