Blockchain innovation has no doubt reinvented the technical globe, used is a number of spheres like remittance payments, health center documents, dissemination of global standard revenue etc. however among its most intriguing applications remains in Korea’s show business.
The South Korean home entertainment company, z-POP Dream Project intends to make use of the technology to discover the new K-Pop star and build the upcoming home entertainment system. K-Pop or Korean Pop has come to be the new face of the Korean entertainment industry, with its appeal not simply restricted to Asia but has spread out throughout the world.
The intention is to develop a huge selection of skill and also an overarching framework for the discovery of new ability for Z-POP worth a tremendous $46 billion, as articulated by their CEO Jun Kang to the Korea Herald.
Voting, being just one of the essential facets in the talent business will be built on an Ethereum blockchain, in order to make certain safety as well as openness of the tally. The objective of this relationship will certainly be to support as well as aid grow skill, increase their follower base and also aid establish future pop stars.
A “Celebrity Development” segment is likewise on the cards, with the Z-POP Desire Audition being held in the following places: Korea, Hong Kong, Japan, the Philippines, India, Indonesia, Vietnam, Malaysia, Taiwan, as well as Singapore.
A token system has additionally been applied for this program, with an initial token offering scheduled for October. The token system will operate with a two-pronged purpose, to develop a lasting structure for the project to ensure that it could expand and also the other will certainly be to produce a worldwide monetization system that will certainly build a streamlined procedure to guide the token profits created by the organisation.
Z-Pop Dream will certainly have its very own cryptographic token, the ZPOP coin, which has a whitelist price of $0.08 for 1ZPOP. The total supply will be 4 billion symbols, 1 $10 million soft cap, as well as a $100 million hard cap.