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Metaverse December 2, 2021

K-pop agency Cube bets big on NFT and metaverse

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The impresario behind superstars BTOB and (G)I-DLE tells Forkast. News there’s ‘no upper limit’ to how much Cube will invest in NFTs and a metaverse for concerts.

Cube

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South Korea’s entertainment industry is going all out to embrace NFTs and the metaverse

South Korea’s entertainment industry is going all out to embrace non-fungible tokens (NFTs) and the metaverse, with big industry names planning to bet on the new technology. K-pop fans may soon have more official merchandise to spend their money on.

Cube Entertainment, which manages popular artists and bands such as Jo Kwon, BTOB, PENTAGON, CLC, and (G)I-DLE, is one of the latest K-pop talent agencies to pledge to join the NFT and metaverse race. The Kosdaq-listed company partnered with Animoca Brands in November to form a joint venture aimed at creating a music metaverse. And issuing NFTs.

Ahn Woo-Hyung, CEO of Cube, told Forkast. News that the sky is the limit when it comes to investing in new technology.

Since last year, the company has formed a special team to study NFTs and, as a result, the metaverse. Additionally is “continuing to put a lot of thought into it,” according to Ahn.

Ahn revealed that the upcoming projects will center on music and feature the artists’ portraits and videos in creative and fun ways.

“Not only for our company, but for the entire entertainment industry,” Ahn said, “this could be a very important momentum.”

HYBE, the label behind global boy-band sensation BTS, is also actively investing in the field

HYBE, the label behind BTS, the global boy-band sensation, is also investing heavily in the sector. It announced last month that it had partnered with Dunamu to digitize BTS merchandise into NFTs and explore the possibility of allowing fans to collect and trade NFTs on the company’s fan community app Weverse.

HYBE founder Bang Si-Hyuk said the two plan to develop an NFT business under a new joint venture, which will “allow the artist content and products that Hybe has showcased to date to become digital assets for fans,” according to an online video briefing released today.

Metaverse showcasing idols’ lives

Many K-pop fans, according to Ahn, aren’t just interested in the music.

“I think they start empathizing and sharing a bond with different aspects of [the artists’] lives as they start to like our music,” Ahn said. “As a result, not only K-pop, but also K-drama and K-culture in general, receives their attention”. They’re interested in all of the cultural elements that make us who we are.”

The metaverse, according to Seo, can provide performers with a new way to interact with fans, or “Melody,” as BTOB fans are known. “I’m most excited about meeting our Melody [in the metaverse], who we haven’t met yet.”

Michelle D. Madsen graduated from the University of Westminster and has been deeply involved in the world of finance ever since. She has worked as a Broadcast Journalist hosting various news shows and informative webcasts about the financial markets. Since 2004 she has also been writing for MetaNews daily, her attention to detail, and her in-depth knowledge of the financial markets have led her to cover Foreign Exchange and commodities. The world of finance has changed in the last few years with the introduction and rising popularity of cryptocurrencies and the Metaverse. She has in no means been left behind, adding this to her bank of intellect and is now also an expert in cryptocurrencies. For the last ten years, Ms. Madsen has been engaged in the financial market. She has notedly written a great number of incredibly informative reviews for the crypto, NFT and the Metaverse. Her wealth of knowledge has enabled her to become a leading expert in the field. She continues to inform the public writing up-to-date, thorough reviews for the readers of MetaNews as she has for the last decade.

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Metaverse

Elite Token unveils NFT drop and game

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The NFT Drop and the beta version of the “Runiverse” were revealed today by Elite Token, the all-in-one crypto system for mobile, influencers, NFTs, metaverse, and Play2Earn. The new gaming platform is compatible with the most prominent metaverses, allowing users to compete in the crypto market.

The Runiverse is a gamified investment and play-to-earn platform

Users effectively conduct short trades in a fun application, betting cryptocurrencies against one another based on market performance between 30 second periods. The various cryptocurrencies are represented by “Runners,” NFT skins that compete with one another. You can either gamble on a cryptocurrency and receive a payout if it wins, or you can get a percentage of all the races won by the cryptocurrency that your NFT represents if you own a Runner NFT. Quickswap and Binance provide real-time oracle data for the game.

Celebrities such as Gianluca Vacchi, an Italian multimillionaire stock magnate turned DJ and co-founder of Elite Token, embody the NFT avatars that race in the name of crypto tokens. The P2E program from Elite has the potential to replace horse racing with crypto racing, and horses with celebrities.

Every competition is held on NFT “Tracks” using NFT skins known as “Runners.” Every time one of these NFTs is utilized as a Track or the Runner is chosen by a player, the owner is rewarded. The incentives are expected to be substantial, with annual revenues in the thousands of dollars. The litepaper contains further information on the concept, and people can try out the game in a beta on the Runiverse website. The beta allows players to earn real cryptocurrency starting today.

The Runiverse is a “double or nothing” game, with a $5 minimum bet and the chance to win the entire pot of $10, minus a 5% commission split among the owners of the NFTs involved. NFTs receive 5% of the overall prize pool in each game, while each Runner NFT receives 1% and each Track NFT receives 3%.

Elite Token’s early access white list NFT sale begins at 11:00 a.m. ET today, giving early birds the opportunity to acquire a special price and secure a limited edition “Winning Emotes” NFT before the public sale begins. The sale will begin with “Emote NFTs,” which will be offered in numerous rounds. These nonfunctional aesthetic NFTs will add special effects. The first set will feature a variety of dances as well as previously unreleased DJ soundtracks. The $ELITE token’s Emote dances are inspired by co-founder Gianluca’s renowned viral beach dance.

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Metaverse

Valentino Rossi engages in VR46 metaverse

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In conjunction with Italian media holding organization The Hundred, Valentino Rossi has established the VR46 Metaverse, bolstering the VR46 brand in the rapidly growing digital and virtual world. The nine-time world champion’s new company is dedicated to creating and developing original and engaging content around the VR46 brand in the Metaverse, gaming universe, and NFTs ecosystem.

The world-famous VR46 brand will team up with The Hundred to create a strong virtual presence for “The Doctor” around the world, with a focus on racing fans and gamers

“Entering this big project is an exciting initiative that I’ve decided to take on with a structured approach, in conjunction with high-level players,” Rossi said in an article published by PR News Wire, expressing his excitement for his new virtual enterprise. He went on to say that with VR46 Metaverse, he hopes to connect with fans all across the world. “Through modern technologies, I am happy to be able to contact people all over the world, bringing them the excitement and enthusiasm of VR46.”

The project will take several years to complete, with the first materials due in 2022. The VR46 Metaverse’s goal is to create a global platform within the virtual space dedicated to “The Doctor,” the VR46 Racing Team, and the VR46 Academy, where Valentino Rossi fans, as well as all motorsports enthusiasts, can meet VR46 official riders, interact with fellow fans and enthusiasts, and even race against one another once the brand’s gaming initiatives are in place.

Jean Claude Ghinozzi, an accomplished global executive with experience at Microsoft, Activision Blizzard, and Electronic Arts, will lead the VR46 Metaverse project as CEO of the joint firm. The first material created by the new company, which is expected to be launched in 2022, will give immersive and engaging experiences to both Valentino Rossi’s long-time admirers and a new audience established by the introduction of new technologies.

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Metaverse

Cute Pandaz is set to disrupt the NFT world

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Cute Pandaz is a generative collection of Pandas NFT with a range of colored backgrounds to choose from. Each individual Panda possesses anywhere from five to ten distinct characteristics, as well as its own color palette, which contributes to the animal’s distinctive physical look and personality. Following the debut of the game, Cute Pandaz NFTs will become playable characters in our pay-to-win game.

In addition to being an artistic endeavor, Cute Pandaz is also a video game

The Pandaz will have some sort of connection to a p2e game that is still in the planning phases at the moment. After the conclusion of the main sale, the first stage of the game, which focuses on farming, will be made available to players. The economic component will be centered on the $CuteCP usage token. In the future, holders will be able to provide their panda with food and care and watch it grow stronger. The Cute Pandaz Club is just getting started on what will be a very long adventure.

The actual gameplay is still in its preliminary stages at this point. Following the conclusion of the primary sale, the initial phase of the game will become available in the third quarter of 2022, and subsequent upgrades will include the addition of new features such as an in-game store, breeding, and a great deal more. Because the company wants to offer holders a product that is both high-quality and profitable, Cute Pandaz doesn’t want to rush things and instead wants to plan a drawn-out and secure development process in collaboration with the community. The third quarter of 2022 will see the introduction of primary game mechanics.

The ERC-721 protocol will be followed in terms of how Pandaz are distributed. The holders of these tokens will have the ability to trade them on platforms such as OpenSea. In addition, the limit for pre-sale purchases is presently set at 5 NFTs, while the maximum for public sale purchases is 20 NFTs per wallet. The release date of the coin will be disclosed shortly on their official social media.

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