Korean Exchange Korbit Creates NFT for Famous TV Series "Vincenzo"
Foreword:
Foreword:
This article is translated and organized from the blockchain news network Sedaily, Newsis, Cryptonews, and introduces the situation of the Korean exchange Korbit producing and selling NFT for the famous TV series "Vincenzo". (This article has a total of 1709 words, and the reading time is about 4 minutes)
Korea's first virtual asset exchange, Korbit, began to produce and sell NFT (Non-Fungible Token, non-homogeneous token) for popular Korean TV dramas. Recently, Korbit stated that it will sell the NFT of the TV series "Vincenzo" produced by Studio Dragon, the largest TV drama studio in Korea. The TV series, starring the famous Korean actor Song Joong Ki, is a TV series with the theme of the mafia.
Korbit decided to sell the lighter NFT peripherals engraved with Cassano's pattern that appeared in the tvN TV series "Vincenzo" that ended in May this year through the NFT Market in operation. This lighter is the iconic prop used by the actor in the play. Users who want to purchase NFTs can visit the pre-application page and enter personal information. After that, Korbit will send an official NFT sale notification text message to pre-registrants, and will sell NFT to the first 100 people.
Studio Dragon, a subsidiary of CJ Entertainment, is the studio that produced many popular TV series such as "Hotel Del Luna", "Crash Landing on You", and "Vincenzo". "Vincenzo" began airing in South Korea in February this year, and was simultaneously aired on global online video services (OTT). Studio Dragon has chosen Vincenzo's "Casano Pattern Writer" as its first NFT. In most cases, NFTs only award ownership of the work to the highest bidder in a bidding process. However, the Cassano pattern lighter on Korbit NFT Market has been limited to 100 pieces, and the price is reasonable, so that more audiences who love this TV series can feel the afterglow of the show.
Korbit first opened the NFT trading market on the Korean virtual asset exchange in May this year, and has been seeking to cooperate with NFT operators with high-quality intellectual property (IP) to find high-quality NFT content. Studio Dragon is considering ways to leverage its 180 premium IPs. The needs of the two companies coincided with each other, and the NFT digital commodity project of the TV series kicked off.
NFT is an encryption technology that records digital pictures or music on the blockchain and gives each content its own identification. Currently, NFT is most active in the field of fine art. Since transaction records are automatically stored and cannot be forged or tampered with, it is not only possible to accurately grasp the owner of a specific asset, but also to contain detailed information about who the original author of the work was and when it was sold to whom. In addition, the continuous payment of royalties to the original author is also a major feature whenever the work is resold. The NFT market is expanding rapidly. According to NONFUNJABLE, an NFT market analysis company, the global NFT transaction volume reached 2 billion U.S. dollars (approximately 2,236.4 billion won) in the first quarter of this year. The NFT market size, which was 40.9 million U.S. dollars in 2018 and 140 million U.S. dollars in 2019, has grown further this year after increasing to 340 million U.S. dollars (about 380 billion won) last year.
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