Korean blockchain tech firm, XPOP, is launching a brand new non-fungible token (NFT) market with a deal with leisure.
The brand new XPOP leisure NFT marketplace relies on the Polkadot blockchain. {The marketplace} will go stay by the top of June.
Its goal is to supply entry to a decentralized service that helps artists safely distribute their digital work.
According to the company, {the marketplace} will present a “service to certify the originality of content material and content material possession of every artist and to make sure the secure distribution of content material on the XPOP blockchain community.”
This NFT marketplace is the primary to be included on the Polkadot blockchain. Polkadot will present interoperability with varied blockchain networks to the challenge.
XPOP’s market will deal with the robust Ok-pop market and its die-hard fanbase in Asia.
The workforce accountable for {the marketplace} contains specialists from the blockchain expertise sectors and enterprise leisure world.
In keeping with XPOP, {the marketplace} already has greater than 200 Ok-pop artists signed on to contribute content material to tokenize.
Asian curiosity in NFT marketplaces
NFTs have been getting a whole lot of consideration in 2021, and Asia has been a giant issue within the progress of those marketplaces.
XPOP NFT market could be the first to deal with Ok-pop particularly. Nevertheless, Korbit recently launched what it claims is the primary NFT market in South Korea. Korbit’s market is geared primarily to NFT digital artwork and permits creators to submit work on the market and options some music tokens.
China has additionally expressed curiosity within the NFT market regardless of exhibiting combined emotions about cryptocurrencies typically.
In March, Beijing’s UCCA Lab hosted the nation’s first major NFT exhibition, “Digital Area of interest: Have You Ever Seen Memes within the Mirror?” The exhibition included artwork from Beeple and Pak and noticed 10,000 attend the week-long occasion.
Japan too is displaying an elevated curiosity in NFTs regardless of the authorized uncertainties surrounding the business.
The Japanese NFT market remains to be in its infancy. Nevertheless, many high-profile companies have already launched marketplaces in Japan, similar to Coincheck Inc.
This has many contemplating a brand new digital financial system centered on anime and different popular culture tendencies within the nation.
