• Follow McAfee NFT’s on Twitter
  • John McAfee NFT Documentary
  • McAfee Files
    • In The News
    • John Mcafee Arrested
    • John McAfee’s death
  • Crypto News
  • OpenSea
  • Trade Crypto
  • Crypto Exchange
  • Follow McAfee NFT’s on Twitter
  • John McAfee NFT Documentary
  • McAfee Files
    • In The News
    • John Mcafee Arrested
    • John McAfee’s death
  • Crypto News
  • OpenSea
  • Trade Crypto
  • Crypto Exchange
HomeS. Korean Artist Management Firm Hybe Eyes Expansi ...
Previous Next

S. Korean Artist Management Firm Hybe Eyes Expansion into NFTs

Posted by: WhoIsMcAfee , November 18, 2021

South Korea-based Hybe Co. is planning to expand its marketplace for non-fungible tokens (NFTs) by collaborating with celebrities not managed by the company.

Webp.net-resizeimage - 2021-11-11T150001.600.jpg

Hybe – one of South Korea’s top K-pop management agencies – manages pop superstars like BTS and Justin Bieber, Ariana Grande and J Balvin through its U.S. branch- will partner with Dunamu for this venture.

Dunamu runs South Korea’s largest crypto exchange and will create a new platform for the sale and trade of NFTs, starting with photo cards of Hybe artists, including BTS members.

Although payment methods for buying and selling NFTs on the new platform have not been decided yet, Hybe’s NFT business is expected to debut in the first half of next year.

Hybe said in an interview with Bloomberg that the project will be based in the U.S. and may expand to include artists not managed by the firm and potentially even athletes.

Physical products such as BTS photo cards and sports trading cards are already booming in popularity, so NFTS would potentially hold more value. Each digital card will come with a unique identifier, giving it scarcity in the virtual world.

Hybe’s share price went up 10% last week following an announcement of the new NFT business and a related partnership with a metaverse company.

To build a stronger connection with its millions of fans worldwide, Hybe is working on expanding across genres and formats.

“As we prepare to enter the NFT business sustainably, we will directly participate in the operation and implement fan-oriented policies,” Hybe said in response to Bloomberg’s questions.

As NFTs grows in popularity, many artists have sold hundreds of artworks and made money through easy peer to peer transactions. 

Other Independent Artists

Drawing parallels with Hybe’s push into the market for digital assets during a time when the U.S. music industry is seeking new monetization methods after taking a heavy hit from the pandemic – which has forced musicians to cancel concert tours – many independent artists have also chosen to venture into this new world by putting up their artwork for sell via various exchange mediums, such as Opensea.

Meanwhile, Malaysian singer and songwriter, Namewee, who recently caused controversy and political sensitivity with his latest song- “Fragile”, has created his own NFTs with a personal intention of “Using NFTs to Fight the World”. 

The artist said that his idea behind opening an NFT account was “to counter the intermediaries” and secure ownership of artworks.

Namewee was captivated by the fact that NFTs were safe from censorship, and no authority, including himself, could ban or revoke the content once someone purchases it.

In relation to his theme of using NFT as a stand against the world order, the artist took 20 pictures of him making rude gestures at banking cooperations and commercial enterprises. These pictures were then uploaded on his NFT channel and were sold out within three hours.

Image source: Shutterstock

Source link

Tags: Artist, bitcoin, blockchain, Expansion, eyes, Firm, Hybe, Korean, Management, News, NFTs

Share!
Tweet

WhoIsMcAfee

About the author

Comments are closed.

Popular
Recent
Comments
Tags
  • John McAfee METAVERSE 2 “F#ck McAfee” ...

    November 14, 2021

    PHANTOM PARASITE

    September 17, 2021

    IMPACT MEDIA releases Official John McAfee Documen ...

    July 30, 2021

    NO DOMAIN Chapter 2 – The Official John McAf ...

    July 19, 2021

    NO DOMAIN – The Official John McAfee Biograp ...

    July 18, 2021

    John McAfee’s Family Issues Statement To Spa ...

    July 15, 2021

    Note found in John Mcafee’s pocket

    July 13, 2021

    The John McAfee Documentary in NFT’s

    July 11, 2021

    John McAfee’s Voice Message After Neighbour’ ...

    July 11, 2021

    Janice Dyson McAfee was able to see John McAfee ...

    July 10, 2021

    An important message from John McAfee

    July 9, 2021

    Janice Dyson further fuels a possible conspiracy i ...

    July 7, 2021

    John McAfee I Did It My Way! NFT now avail

    July 6, 2021

    ‘A tortured soul’ – John McAfee& ...

    July 3, 2021

    John McAfee & Janice Dyson Were Not Married

    June 30, 2021

    Autopsy confirms John McAfee committed suicide in ...

    June 29, 2021

    John McAfee previously attempted suicide on Februa ...

    June 27, 2021

    John McAfee left a suicide note in his pocket

    June 26, 2021

    John McAfee’s ex-wife says he was NOT suicidal

    June 25, 2021

    John McAfee’s last hours in prison before su ...

    June 24, 2021

    VIDEO: John McAfee addressing Spanish court hours ...

    June 24, 2021

    John Mcafee found dead in Spanish prison cell

    June 23, 2021

    John McAfee Pump & Dump Fraud Indictment

    March 7, 2021

    John McAfee Arrested in Spain on US Criminal Charg ...

    October 6, 2020

    U.S. Securities and Exchange Commission (SEC) sues ...

    October 6, 2020

    ‘Love, sex, action, jail. Antivirus pioneer ...

    July 5, 2013

    The Prime Minister’s Directive

    February 4, 2013

    Channel 4

    February 20, 2013

    Dean Barrow & Belize Telemedia

    December 1, 2012
  • Terra’s meltdown highlights benefits of CEX risk-m ...

    May 22, 2022

    How we should build the future of GameFi

    May 22, 2022

    Arthur Hayes to serve 2-year probation owning up t ...

    May 21, 2022
  • I remember I first installed McAfee on my Windows ...

    September 29, 2016

    Americans are ignorant pathetic sheep - that's why ...

    August 6, 2016

    No one speaks out because Americans need a leader ...

    August 6, 2016
  • #IamJohnMcAfee $WHACKD 039metaverse039

Archives


         Copyright Who is Mcafee © 2021
  • Bitcoin Calculator
  • Contact
  • Donate!
  • Exchange Crypto Instantly
  • Frequently asked questions
  • Logout
  • Lost Password