Nonfungible tokens (NFT) proceed to disrupt the mainstream leisure industries, with NFT gaming agency Animoca Manufacturers partnering with South Korean report label, expertise company and music manufacturing firm Dice Leisure to construct a “Ok-pop music metaverse.”
Introduced on Monday, the partnership will see Animoca and Dice work collectively to create multimedia NFTs celebrating in style actors and Ok-pop musicians on Dice’s roster. The NFTs will function photos similar to artist portraits and album artwork and likewise embody digital sound sources similar to full-length albums.
Yat Siu, co-founder of Animoca Manufacturers, said that he can’t wait to start working with Dice to “make the open metaverse a actuality.” Animoca described the partnership as enabling “true digital property rights and different blockchain advantages” for each the artists on Dice’s roster and their followers.
Ahn Woo-hyung, CEO of Dice, mentioned that the collaboration can be “an necessary starting for main the worldwide digital tradition market and advancing the digital content material business.”
Dice manages roughly 50 Ok-pop artists, together with BtoB, Pentagon, (G)I-DLE and Lightsum.
Associated: NFTs provide a brand new means for society to ‘retailer tradition,’ says Animoca Manufacturers CEO
Siu has lengthy emphasised the disruptive type of possession enabled by NFTs, beforehand likening the affect of nonfungible tokens on the development of property rights to the Renaissance in early-modern Europe in July 2020.
Animoca has been carefully linked to many key milestones within the development of NFTs, having invested in Dapper Labs after witnessing the agency carry the Ethereum community to its knees on account of the rampant success of CryptoKitties in 2017 from a neighboring workplace.
In 2020, Animoca secured a worldwide licensing settlement with Components 1 for the launch of its F1 Delta Time recreation earlier than promoting $3 million price of digital land NFTs for its metaverse subsidiary The Sandbox in an preliminary alternate providing hosted by Binance on the finish of the yr.
Initially of November 2021, The Sandbox raised an additional $93 million to broaden its NFT metaverse.