XPOP Pronounces First Leisure NFT Market on Polkadot

Korean blockchain technology company XPOP is launching a new non-fungible token (NFT) marketplace with a focus on entertainment.

The new XPOP entertainment NFT marketplace is based on the Polkadot blockchain. The marketplace will go live at the end of June.

Its purpose is to provide access to a decentralized service that helps artists to securely distribute their digital works.

According to the company, the marketplace will offer a “service to certify the originality of the content and ownership of the content of each artist and to ensure the secure distribution of content on the XPOP blockchain network”.

These NFT marketplace is the first to be added to the Polkadot blockchain. Polkadot will provide the project with interoperability with various blockchain networks.

XPOP’s market will focus on the strong K-pop market and its die-hard fan base in Asia.

The team responsible for the marketplace includes experts from the fields of blockchain technology and the world of business entertainment.

According to XPOP, the marketplace has already signed up more than 200 K-Pop artists who are contributing content to tokenization.

Asian interest in NFT marketplaces

NFTs attracted a lot of attention in 2021, and Asia has been a major contributor to the growth of these marketplaces.

The XPOP NFT marketplace may be the first to focus specifically on K-pop. However, Korbit was recently introduced what it claims is the first NFT market in South Korea. Korbit’s marketplace is primarily geared towards NFT digital art, allowing creators to submit works for sale and offering some music brands.

China has also expressed interest in the NFT market, although it generally has mixed feelings about cryptocurrencies.

In March, the UCCA Lab in Beijing hosted the nationwide first major NFT exhibition, “Virtual Niche: Have You Ever Seen Memes In The Mirror?” The exhibit included art from Beeple and Pak and 10,000 visitors attended the week-long event.

Japan too shows an increased interest in NFTs despite the legal uncertainties in the industry.

The Japanese NFT market is still in its infancy. However, many high profile companies have already launched marketplaces in Japan, such as Coincheck Inc.

This has led many to consider a new digital economy centered on anime and other pop culture trends in the country.

XPOP Launches World’s First Polkadot-based Leisure NFT Market

SEOUL, South Korea, June 11, 2021 – (BUSINESS WIRE) –XPOP, a Korean blockchain technology company, announced that the Polkadot blockchain-based entertainment marketplace for non-fungible tokens (NFT) will be the first worldwide to launch in late June.

This press release contains multimedia. Check out the full version here: https://www.businesswire.com/news/home/20210610005384/en/

XPOP ​​announced that the Polkadot blockchain-based entertainment NFT marketplace will be the first to hit the global market in late June. XPOP ​​NFT Marketplace provides a decentralized service to certify the originality of content and content ownership of each artist and to ensure the secure distribution of content on the XPOP blockchain network. XPOP ​​Parachain is formed on the basis of Polkadot, a smart contract that can be changed according to different content distribution companies. The entertainment NFT marketplace to be launched by the XPOP Project Team will be the world’s first service to be combined with the Polkadot blockchain ecosystem that provides interoperability with various blockchain networks. (Graphic: Business Wire)

Based on various content partnerships with a number of K-pop entertainment companies, the XPOP project team is preparing to register and distribute large content on XPOP’s new NFT marketplace through the participation of famous K-pop artists.

XPOP ​​NFT Marketplace provides a decentralized service to certify the originality of content and content ownership of each artist and to ensure the secure distribution of content on the XPOP blockchain network. XPOP ​​Parachain is formed on the basis of Polkadot, a smart contract that can be changed according to different content distribution companies. The entertainment NFT marketplace launched by the XPOP project team with unmatched technological performance will be the world’s first service to be combined with the Polkadot blockchain ecosystem that provides interoperability with different blockchain networks.

The story goes on

This Polkadot-based marketplace allows the use of various cryptocurrency-based and collectable content in addition to XPOP. It will be a truly decentralized content marketplace where users can safely and conveniently register and trade content. XPOP ​​NFT Marketplace has been tested with collectable content such as digital photo cards and illustrations by K-Pop artists. Prominent blockchain media showed interest in the XPOP project in the early stages of its opening. Now all eyes are drawn to the value of the XPOP token in time for its listing on the major crypto exchanges.

XPOP ​​is a Korean company of experts in blockchain technology and entertainment content. In line with the fast changing recent trend, XPOP offers various content players the entertainment NFT marketplace, the blockchain smart contract trading in the entertainment market, and the web 3.0-based future-oriented development of the digital content industry using the NFT Technology enables. XPOP ​​is currently preparing to partner up and start the K-pop entertainment business in Southeast Asian countries such as Indonesia, Malaysia and Singapore.

Currently listed on Melon Exchange (https://www.melonex.io) and Hotbit Korea (https://www.hotbit.co.kr) the XPOP Foundation will run investment campaigns with individual investors and investment companies around the world.

Details of the official announcements and activities of the XPOP Foundation can be found on the XPOP Official Telegram Channel (https://t.me/xpopblockchain).

View source version on businesswire.com: https://www.businesswire.com/news/home/20210610005384/en/

contacts

XPOP ​​Foundation
James Choi
administration
xpop@xpop.io