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Sunday, January 16, 2022

Animoca Brands unveils plans for K-pop NFT metaverse

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Nonfungible tokens (NFTs) proceed to disrupt the mainstream leisure industries, with NFT gaming company Animoca Manufacturers partnering with Korean document label, ability company and song manufacturing corporate, Dice Leisure, to construct a “Okay-pop song metaverse.”

Introduced on Nov. 15, the partnership will see Animoca and Dice paintings in combination to create multimedia NFTs celebrating fashionable actors and Okay-pop musicians on Dice’s roster. The NFTs will function pictures comparable to artist portraits and album artwork, and in addition come with virtual sound resources comparable to full-length albums.

Yat Siu, the executive govt of Animoca Manufacturers, said that he can’t wait to start out running with Dice to “make the open metaverse a truth.” Animoca described the partnership as enabling “true virtual belongings rights and different blockchain advantages” for each the artists on Dice’s roster and their enthusiasts.

Ahn Woo Hyung, CEO of Dice, stated that the collaboration will probably be “the most important starting for main the worldwide virtual tradition marketplace and advancing the virtual content material trade.”

Dice manages more or less 50 Okay-pop artists, together with BtoB, Pentagon, (G)I-DLE and Lightsum.

Similar: NFTs be offering a brand new manner for society to ‘retailer tradition’ says Animoca Manufacturers CEO

Siu has lengthy emphasised the disruptive type of possession enabled by way of NFTs, in the past likening the have an effect on of nonfungible tokens at the development of belongings rights to the Renaissance in early-modern Europe in July 2020.

Animoca has been carefully connected to many key milestones within the expansion of NFTs, having invested in Dapper Labs after witnessing the company deliver the Ethereum community to its knees on account of the rampant luck of CryptoKitties in 2017 from a neighboring administrative center.

In 2020, Animoca secured a world licensing settlement with Method 1 for the release of its F1 Delta Time recreation, prior to promoting $3 million price of digital land NFTs for its metaverse subsidiary The Sandbox in an preliminary change providing hosted by way of Binance on the finish of the 12 months.

Firstly of November 2021, The Sandbox raised an extra $93 million to increase its NFT metaverse.