Ninjastic
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Board Economics
Re: K-POP Company owners are joining the train hype of Cryptocurrency
by
Deborah Christine
on 29/09/2019, 04:08:51 UTC
Quote from: DaftAjax on September 26, 2019, 01:56:22 PM
SM Entertainment, one of the top entertainment company in Sout Korea is planning on making its own blockchain network.

Due to the shareholder revolt and a falling stock price of the company they wanted to create this, in order for the Artists and the company itself be able to directly interact with the fans and be more engaged in the entertainment ecosystem.

What are your thoughts? Do you think this will have a "major" impact?

For more info, refer to these articles: Korea’s Biggest Entertainment Company to Launch Its Own Cryptocurrency and K-Pop Music Giant SM Entertainment Is Planning Its Own Cryptocurrency


I see right now there are many celebrities who want to make their coins and some even make their own coins.
For example Manny Pacquiao. The coin has been released but has no impact.

So I don't think news from SM entertainment will have a major impact.
As I know, SM Entertainment is not the first company to have proposed the use of blockchain technology in the K-pop industry.