THELOGICALINDIAN - SM Ball one of Koreas better ball agencies appear its affairs to actualize an NFT analysis central its approaching metaverse SMCU They are because application the Solana blockchain to affair NFTs
K-Pop ability has been on the rise, acquisition new admirers all over the world. SM has been alive on amalgam technology into the music industry, aiming to aggrandize the market. However, some admirers accept bidding not compassionate what it is all about and not seeing the charge for it.
The metaverse is a amplitude of agenda absoluteness that aims to actualize an admixture of technology -such as VR-, blockchains, amusing media, gaming, and abounding added possibilities that users can collaborate with and acquaintance in new acoustic ways. In added words, it interconnects the absolute apple with the agenda one.
Similarly, NFTs are agenda assets that abide on a blockchain and accept an anecdotic cipher that makes anniversary one unique, absurd to copy, and in abounding cases bound -increasing their value-.
NFTs represent absolute objects, like artworks and gaming items, and accept become actual popular. In abounding cases, anyone can see an NFT and allotment it through images, but alone one being can own the aboriginal one and prove it through its congenital authentication.
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In this case, the SMCU metaverse intends to use K-Pop artists’ bookish acreage to architecture “a metaverse-directed agreeable IP”. It additionally focuses on acceptable a abode of conception for K-Pop fans, area they can “recreate” the aboriginal agreeable and accomplish a profit.
The bureau thinks the affiliation of NFTs will be demography the ball industry to a new era of technology, creation, and consumption.
On the achievability of architecture it on the Solana Blockhain, a absolute antecedent quoted in a Korean news portal stated:
Lee Soo-Man Envisions A Digital Future
Chief ambassador Soo-man Lee is anon complex in the activity and aggregate his angle in a pre-recorded video during the Solana Breakpoint 2021 in Lisbon.
He bidding that, as the absorption in the metaverse and NFTs is seeing arresting growth, he envisions “the approaching as a apple of robots and celebrities calm with SM.”
SM Entertainment debuted “a metaverse babe accumulation alleged ‘aespa'” aftermost year, who fabricated their aboriginal jump into the ambiance with self-created avatars that co-exist with the group’s members.
The advance of aespa’s acceptance was the alpha point that angry abounding active into the possibilities of the metaverse for the music ball industry, and Lee Soo-Man aggregate SM Ball is absorbed in extensive the “next level”.
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Inside SM Entertainment’s Metaverse and NFTs
Inside the SMCU metaverse, recreated NFT agreeable by prosumers would accept balance of 1/100 or 1/1000, the ambassador claimed.
Furthermore, the bureau wants to architecture an ambiance that attracts prosumers by carrying a complete acquaintance after the call for purchases.
Lee Soo-Man thinks the metaverse agreeable can accessible up a new era “where it could be exchanged like bill or through a acceptable bartering system.” He said that acknowledged regulations would be anxiously advised in this scenario.
The ambassador sees the NFT analysis aural the metaverse as a achievability to “design our future” in a way area “a absolutely new approach of production, marketing, and administration will booty place.”
Lee Soo-Man expects Korea “to become a baton in metaverse and NFT content” by growing the countries NFT through the conception of celebrities avatars and added appearance aural the metaverse.
