South Korean singer G-Dragon launched a non-fungible token (NFT) collection on OpenSea on Wednesday morning in Asia in collaboration with Fandom Studio, a platform to monetize TikTok content with NFTs, and BNB Chain.
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Fast facts
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The collection, āArchive of PEACEMINUSONE,ā consists of 13,444 NFT puzzle pieces that make up a painting by G-Dragon named āArchive 2016.ā It is minted at 0.27 BNB (US$88) each starting on Wednesday, according to OpenSea.
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G-Dragon, 34, is a Korean singer and rapper who debuted in 2006 and rose to prominence as the leader of K-pop band Big Bang, one of the best-selling K-pop acts. He has over 8.4 million followers on Twitter and 22 million on Instagram as of Wednesday.
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Some holders of the NFTs may also get concert tickets, early access to merchandise and physical certificates with autographs and doodles by G-Dragon, OpenSea said in a tweet on Saturday.
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Major Korean music labels ā including HYBE, which manages K-pop band BTS, along with SM, YG and JYP and Cube ā have all announced plans involving NFTs and the metaverse.
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In November, HYBEās K-pop boy band SEVENTEEN included a metaverse experience as part of its Asia concert tour in Japan.
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In October, the HYBE label also launched NFT platform MOMENTICA in partnership with Korean blockchain firm Dunamu, and this month airdropped a series of NFTs featuring its artists including SEVENTEEN, Enhypen and LE SSERAFIM.
See related article: NFTs and the music industry: K-popās new token economy