Upbit Driver Chooses NFT Endeavor With BTS' Hybe As Many Expected Task - The Korea Herald

Upbit Driver Chooses NFT Endeavor With BTS’ Hybe As Many Expected Task – The Korea Herald

Dunamu CEO Lee Sirgoo speaks to reporters at a press conference held on the sidelines of the 2022 Upbit Developer Conference in Busan on Thursday. (Dunamu)

Dunamu CEO Lee Sirgoo talks to press reporters at an interview hung on the sidelines of the 2022 Upbit Developer Conference in Busan on Thursday. (Dunamu)

BUSAN– The principal of Dunamu, the driver of Korea’s No. 1 cryptocurrency exchange Upbit, picked the company’s non-fungible symbols endeavor with the K-pop giant behind child band BTS as its most expected job, at this year’s Upbit Developer Conference held Thursday.

” Crypto exchange drivers deal with numerous limitations when broadening blockchain services,” Dunamu CEO Lee Sirgoo claimed in an interview hung on the sidelines of the UDC in Busan.

” For us, NFT is one of the most sensible remedy for us to make earnings besides exchange charges– our joint endeavor with Hybe, referred to as Levvels, is presently preparing to release its solutions and also our Chairman Song Chi-hyung sees it as a crucial task,” he included.

In November in 2014, Dunamu authorized a share swap contract with Hybe to develop a JV that intends to create as well as introduce NFTs based upon musicians stood for by the K-pop giant. Enthusiasts will certainly have the ability to acquire a number of tasks developed by Levvels consisting of NFTs of BTS product.

” We think Levvels will certainly be a chance to lastly go international as well as endeavor right into the abroad market,” Lee claimed.

Dunamu has actually battled to broaden its organizations overseas as immigrants are prohibited from purchasing or marketing crypto in Korea.

” Dunamu is really happy that Hybe has actually gotten authorization from the United States authorities to run business there, which allowed us to buy Levvels,” Lee claimed.

The endeavor will certainly be based in the United States, where both the NFT market and also Hybe musicians’ follower base are solid as well as large.

On the NFT market, Lee defined in 2015’s market as “overheated,” yet Dunamu was not able to make use of it as long as it had actually anticipated.

Dunamu Chairman Song Chi-hyung makes an opening speech at the 2022 UDC in Busan on Thursday. (Dunamu)

Dunamu Chairman Song Chi-hyung makes an opening speech at