[ welups view ] #welups #NFT #Korea #NFTfi NFT is becoming a f | Welups Official
[ welups view ] #welups #NFT #Korea #NFTfi
NFT is becoming a fertile ground for Korean startups
Most people when it comes to NFT only think of the content industry, games or digital art, but NFT can also apply to music, even real estate.
—> The possibilities of NFT are judged to be limitless
NFT (or Non-Fungible Token) is a unique digital asset that provides a certificate of ownership of the asset that the user is purchasing.
NFT uses blockchain technology as a ledger to record their sales and ownership. In other words, an NFT is a unit of data on a digital ledger called a blockchain. Wherein, each NFT can represent a unique file and, therefore, they are not interchangeable.
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Korea is one of the top 10 countries of the World Intellectual Property Organization's Global Innovation Index in 2020. That level of innovation has been demonstrated through tech giants like Samsung and LG, as well as game makers like Krafton.
Those companies and many others in Korea are now venturing into the NFT space by releasing new collections to customers and launching divisions dedicated to NFT development.
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The reason for NFT to thrive in Korea
There is no tax policy on digital assets yet, which may have helped speed up progress.
NFT is not as strictly regulated as cryptocurrencies today. There are currently no rules in place for NFTs. This helps open the market and attracts many exchanges such as Upbit and Bithumb, large corporations such as the game company Krafton to participate in seeking profits from NFT.
For detail: :
https://outsidetheblock.com/nft-la-manh-dat-mau-mo-cho-cac-startup-han-quoc.html
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