K-POP Company owners are joining the train hype of Cryptocurrency - page 6.

TimeTeller

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Quote from: bitsurfer2014 on September 26, 2019, 10:06:41 AM

Well it seems this is an example of a good use case in the entertainment industry and once successfully implemented and steered in the right way, it could pave the way to more crypto exposure and adoption among South Koreans since they are well known to be enthusiastic and die hard followers in the entertainment industry thus the explosion of K-Pop generation.

K-Pop fans are everywhere and as many have said, they have large following already.
This is a good way to introduce crypto to younger generation as well.
As they can easily adopt to this kind of technology, it will help in the crypto adoption that we are aiming for.
I hope they have long-term plans for this kind of initiatives and not just because they want to join the bandwagon.

vintages

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It will cause a major impact and will certainly expose cryptocurrency particularly Bitcoin to more adopters as the K-POP are known to draw more crowd.
If this ever happens, their major influencers will be kids and growing teenagers who loves to imitate these singers in whatever they do.
Another point it, will this young users bother to know more about Bitcoin or crypto or will they just know it as 'one of the things K-POP stars owns or invest in'.

dunfida

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Quote from: avikz on September 26, 2019, 01:48:57 PM

Firstly, cryptocurrency or blockchain is not a magic wand which will make everything right upon implementation. Implementation of blockchain will not make the falling share price recoverable! Especially in a sector like media or celebrity management!

+1 to this!

Its really a wrong mindset for those people who do consider out this blockchain adoption for their own recovery and as said
not all things would go as planned or what they do expect for knowing that there are already lots of projects on different sectors
trying out to create their own token-based one but mostly of them do fail off.We wouldnt know if this would be hit but surely
this would be embraced by majority of those k-pop lovers nothingless.

sunsilk

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Planning to launch their own crypto? they should do more research on what happened mostly to those kind of coins. They are prone to pump and dump and I think this is going to be centralized.

Can't question the wide range of the K-Pop industry, sure there will be a lot of fans willing to follow their idols if they will start advertising their token through their talents.

hatshepsut93

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Lol they are 2 years too late, blockchain hype is on life support today, it's nothing like it was in 2017. It's obviously just an attempt to boost their image in investor's eyes. The end users - their fans, don't care about blockchain, don't know about blockchain, and won't feel any difference even if we imagine that they successfully implemented a blockchain. But this whole idea doesn't even make sense, why would anyone need a decentralized database protocol for engaging with their audience?

Ryker1

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Eloncoin.org - Mars, here we come!

Quote from: avikz on September 26, 2019, 01:48:57 PM

[snip]
What is celebrity engagement btw? What's the need of a cryptocurrency here?

Frankly, I don't see any business potential here in the entire proposal!

Well, I guess that is a big exposure to bitcoin but we don't know if there will be a massive adoption on it. Just like the professional boxer Manny Pacquiao now has his own cryptocurrency token and he named it PACtoken. No doubt that this K-pop group will bring also to bitcoin become well known because they had a thousands of fans out there that might adopt also crypto. As I can see the business potential here is about planning again to have their own cryptocurrency like other celebrities do.

avikz

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Firstly, cryptocurrency or blockchain is not a magic wand which will make everything right upon implementation. Implementation of blockchain will not make the falling share price recoverable! Especially in a sector like media or celebrity management!

Secondly, a lot of people don't understand the utility of a cryptocurrency! Why the hell people would need a separate crypto to make flight ticket booking and another crypto for movie ticket booking??

What is celebrity engagement btw? What's the need of a cryptocurrency here?

Frankly, I don't see any business potential here in the entire proposal!

coiningz

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Crypto from sports or other celebrities is really bullshit

Baby Dragon

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OWNR - Store all crypto in one app.

Quote from: bitsurfer2014 on September 26, 2019, 10:06:41 AM

Well it seems this is an example of a good use case in the entertainment industry and once successfully implemented and steered in the right way, it could pave the way to more crypto exposure and adoption among South Koreans since they are well known to be enthusiastic and die hard followers in the entertainment industry thus the explosion of K-Pop generation.

Indeed, it can have a huge positive impact because there are a lot of K POP fans nowadays who wanted to interact with their idols. Of course they will see it as a great opportunity and they will surely be interested about it. Actually i'm also a fan of a Korean idol and its certainly a nice idea because we can easily interconnect with our favorite icon or celebrity. Some of them will be interested about cryptocurrency but who knows right? its possible but we can't easily say it because we can't predict what will happen in the future.

bitsurfer2014

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Well it seems this is an example of a good use case in the entertainment industry and once successfully implemented and steered in the right way, it could pave the way to more crypto exposure and adoption among South Koreans since they are well known to be enthusiastic and die hard followers in the entertainment industry thus the explosion of K-Pop generation.

DaftAjax

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SM Entertainment, one of the top entertainment company in Sout Korea is planning on making its own blockchain network.

Due to the shareholder revolt and a falling stock price of the company they wanted to create this, in order for the Artists and the company itself be able to directly interact with the fans and be more engaged in the entertainment ecosystem.

What are your thoughts? Do you think this will have a "major" impact?

For more info, refer to these articles: Korea’s Biggest Entertainment Company to Launch Its Own Cryptocurrency and K-Pop Music Giant SM Entertainment Is Planning Its Own Cryptocurrency

Topic: K-POP Company owners are joining the train hype of Cryptocurrency - page 6. (Read 857 times)