BTS' parent company HYBE has announced it's branching out into NFTs,porno izlemek gusül bozarmj using the blockchain to mint pictures of K-pop boys. Fans are livid.
The South Korean entertainment company shared its crypto ambitions during a live streamed briefing on its future plans on Thursday, with chairman Bang Si-Hyuk revealing HYBE has partnered with fintech company Dunamu. HYBE is the parent company to Big Hit Music, which is BTS' entertainment company.
"HYBE and Dunamu plan to develop an NFT business under a new joint venture, which will allow the artist IP-based content and products that HYBE has showcased to date to become digital assets for fans," said Bang in the English-subtitled announcement.
To illustrate the point, Bang used the example of photocards, which are essentially K-pop trading cards bearing photos of idols. Under this new partnership, HYBE may release digital photocards of groups such as BTS, TXT, and Enhypen.
"We are working with Dunamu to create a way to expand the fan experience more diversely and securely, such as digitally authenticating the uniqueness of these photo cards and making them permanent, but also allowing them to be collected, exchanged, and displayed in a global fan community platform like WEVERSE," said Bang.
Bang also noted that the digital nature of NFTs would open the door to digital photocards that have moving images or audio. It basically sounds like K-pop gifs and fancams on the blockchain.
"I believe that the fandom culture and industry itself are maturing to the level where HYBE's artist IP-based content and products that the HYBE showcases are now at a sufficient stage to be transformed into digital assets through these technologies," said Dunamu chairman Song Chi-Hyung.
Unfortunately for HYBE, this looks like a rare occasion where K-pop fans emphatically don't want more pics of their ult. Many BTS fans took to Twitter to condemn the company's pivot to crypto, calling it hypocritical and disrespectful particularly in light of BTS' history of environmental advocacy.
It's an understandable outcry considering cryptocurrency has a reputation for being environmentally catastrophic, and NFTs are arguably pointless to boot. Many NFTs are part of the Ethereum blockchain, for instance, which currently operates on a proof-of-work model and uses energy for each transaction. It's worth noting that Ethereum is in the process of switching to the more environmentally-friendly proof-of-stake model, with the aim of making the jump in 2022, and some other proof-of-stake blockchains like Solana are also being used for NFTs. HYBE hasn't hasn't specified which blockchain it will be using, and we don't know when exactly their NFTs will be launched.
This Tweet is currently unavailable. It might be loading or has been removed.
this is so contradictory, they got bts promoting the ods, green hydrogen and a lot of environmental issues with hyundai, and now selling NFT? that doesn't make any sense, they can't let that happen, this is the worst decision hybe has ever done and I can't support this.
— 🧈 ⁷ (@alwysnamjooning) November 3, 2021
This Tweet is currently unavailable. It might be loading or has been removed.
This Tweet is currently unavailable. It might be loading or has been removed.
This Tweet is currently unavailable. It might be loading or has been removed.
This Tweet is currently unavailable. It might be loading or has been removed.
This Tweet is currently unavailable. It might be loading or has been removed.
This Tweet is currently unavailable. It might be loading or has been removed.
This Tweet is currently unavailable. It might be loading or has been removed.
BTS' Army of fans seem to have decided the K-pop group wouldn't want anything to do with NFTs, and are condemning HYBE's venture in support of the company's artists. Yet even aside from BTS' assumed opinions, as reasonable as they may be, many fans have also expressed their own personal and justifiable misgivings concerning NFTs.
Maybe the reaction will make HYBE rethink its crypto plans, and come up with a different way of getting more coveted K-pop selcas to the masses.
Mashable has reached out to HYBE for comment and will update this piece if we receive a response.
What to expect when a tech bubble burstsGoogle's Circle to Search can reportedly identify songs and even hummingRichard Branson is staying on his private island through Hurricane IrmaGoogle event livestream: See the Pixel 9 launch liveWordle today: The answer and hints for August 12Go Down, CuomoNYT Strands hints, answers for August 14The FarmersWordle today: The answer and hints for August 11Best MacBook deals this week: 2024 Air at new record Giannis Antetokounmpo Paris 2024 livestream: Watch live basketball for free NFL Sunday Ticket deal: $449 value for free with Verizon The internet has spoken, Macron has better English than Trump Trump drops Paris Climate Agreement; Elon Musk drops president's business council Save $80 on the latest Samsung Galaxy Watch Ultra Dina Asher Mike Pence is in denial that literally the entire world disagrees with him on climate change I wrote THE BEST presidential briefing on global warming for Donald Trump This guy survives in the wild with nothing but a bunch of everyday tech gadgets Now Google Street View can map your city's air pollution
0.1428s , 8213.359375 kb
Copyright © 2025 Powered by 【porno izlemek gusül bozarmj】Enter to watch online.BTS' parent company is making NFTs, and fans are furious,Global Perspective Monitoring