Upcoming NFT Projects
K-pop sensation BTS gets ready to sell NFTs, as label looks to cash in on loyal A.R.M.Y fanbase
BTS’ label dreams bigger than just dominating the K-pop world — they want to digitize the IP even more.
Timmy Shen
Lens
South Korea
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Metaverse Platforms
South Korea’s Kakao, Com2uS, others race toward the metaverse
Information Technology (IT) firms in South Korea set up shop in the realm of the metaverse, with their first step being non-fungible token (NFT) platforms.
Danny Park
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Altcoins
Squid Game crypto rug pull: investors meet deadly ending
It’s a red light for those who bought the controversial token inspired by the Netflix mega-series Squid Game, as its developers appear to have cashed out their investments, leaving SQUID's price to plunge 99.99%.
Danny Park
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Altcoins
Squid Game and BTS tokens emerge amid K-culture boom — and warnings to consumers
The wild popularity of South Korean Netflix TV series Squid Game and K-pop boy band BTS prompt parody tokens in the crypto space under circumstances that are being called into question.
Danny Park
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Regulation
Taxing crypto, but not BTS NFTs? Virtual asset tax debate continues in South Korea
The South Korean government pushes forward its plan to tax crypto income beginning in January while investors and lawmakers criticize the pending tax law for its loopholes, with one lawmaker mentioning NFT goods of K-pop mega-group BTS. Fast facts The National Tax Service (NTS) of Korea met with 28 domestic cryptocurrency exchanges earlier this week […]
Danny Park
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Metaverse Platforms
A virtual K-pop girl group aims for the metaverse
South Korean mobile game developer Netmarble to create a virtual K-pop idol group under partnership with internet giant Kakao group using meta-human technologies.
Danny Park
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Regulation
S. Korea’s top financial regulator accused of giving special treatment to Upbit
A lawmaker claims authorities gave the country’s largest crypto exchange privilege in meeting government requirements.
Danny Park
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Metaverse Platforms
South Korean theme park Lotte World opens on metaverse
Lotte World Adventure, one of the most popular South Korean amusement parks, is opening a virtual replica on Naver’s Zepeto metaverse. Fast facts Lotte World Adventure constructed “Magic Island,” its outdoor section of the park, onto the Zepeto metaverse, which opens tonight at 6 p.m. Korea time. Upon entering the Lotte World map on the […]
Danny Park
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Regulation
South Korean crypto exchanges look for new revenue sources
After iron-fisted regulations closed down many exchanges, remaining trading platforms look for alternatives to transaction fees.
Danny Park
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Regulatory News
Samsung Next, others grow blockchain portfolio despite tightened South Korea regulations
Conglomerates including Samsung continue to invest in blockchain and crypto startups despite a government crackdown on the industry.
Danny Park
