Post
Topic
Board Economics
Re: K-POP Company owners are joining the train hype of Cryptocurrency
by
kayvie
on 13/10/2019, 12:14:38 UTC
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
That's great that another company is adopt crypto to their business and it's good thing to crypto too because there's a lot fans now of k-pop groups around the world. Because of this kind big step of Korean company there's a possibility that many people can known about blockchain because of this and hopefully it be really have big impact to crypto.
This might have a huge effect on the crypto community not just because of k-pop fans around the world, but because Koreans are very well-known when it comes to technology. This will boost the development of the cryptocurrency and investors will come from their country and also from their partners when it comes to investment.