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

[ShooterXD]

The Asiatics is miles away in front of the rest of the world when we talk about crypto.

Probably this K-pop celebrity investing in crypto for a long time, but now they talk about this to incentive people to join in.

But of course, this will be a great promotion to cryptoworld

[mitchr4]

What I know about SM Entertainment is a big company that has many famous artists, girl bands and boy bands also has a lot of followers or fans. These influencers will be intermediaries to promote his Blockchain network on their social media. If they are serious about doing that I think it will have a positive impact on Blockchain technology.

[ShooterXD]

What I know about SM Entertainment is a big company that has many famous artists, girl bands and boy bands also has a lot of followers or fans. These influencers will be intermediaries to promote his Blockchain network on their social media. If they are serious about doing that I think it will have a positive impact on Blockchain technology.

But we need to know who is the real mind behind all of this. The entrepreneur who want this. I think this is not a plan coming from these artists.
This promotion can be very great, to work as payment method to pay for the shows, buy tickets and others.

[davis196]

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

Major impact on what?K-pop music?Don't make me laugh.
We know that South Korea is one of the crypto-friendly countries,where the corporations show interest in blockchain technology and cryptocurrency adoption.Anyway,I really doubt that K-POP coin or token will be really successful.Building a new blockchain from scratch is pointless.

[Shenzou]

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

Any type of project and investment into creating more blockchains is welcome to have, and this not something new, i mean we have seen and heard of many companies big or small moving toward digitization and using the blockchain technology in their own way, even though the KPOP culture is wide spread and have many fans, i don't think we will see any major impact, like other companies or fields would do.

[joelsamuya]

One of the big industries that can do well using the blockchain technology and of course also cryptocurrency is the entertainment and with this K-Pop company I hope that can be the model of this use-case scenario. Indeed, the blockchain can be applied to varied industries and in the entertainment it would be fans that will surely love the opportunity as they can now directly interact with their idolized stars. Entertainment and the blockchain can be a good force that can be helping more adoption of the technology.

[Strongkored]

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

things like this will emerge follow by other management entertainment,

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.

I see a contradiction between the reason for making this and it's purpose.

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

I don't think this news will have a major impact specially for crypto space, this just a common things just another company that want to adapoted the blockchain.

[crzy]

The Asiatics is miles away in front of the rest of the world when we talk about crypto.

Probably this K-pop celebrity investing in crypto for a long time, but now they talk about this to incentive people to join in.

But of course, this will be a great promotion to cryptoworld

Indeed, SM Entertainment is a big company and if they adopt for sure South Korea will be more crypto friendly. The influence of K-POP is too high around the world and in my country they love K-POP and most of the are too addict on k-pop groups. Well, whatever they plans all I know is a good future for cryptocurrency.

[jhenfelipe]

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.

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!

I don't know where did he (CoinDesk Author) get that part in his Blog. The blog was based on IT CHOSUN's, but "shareholder revolt and a falling stock price" are not mentioned there at all (I used auto translate). Most likely, it's his own opinion.

I personally won't spearhead SM Entertainment's decision. They surely put in a lot of considerations before deciding to adopt these new technologies (artificial intelligence and blockchain). It will have an impact for sure considering the number of artists/groups at SM Entertainment and their huge fan base, but am not sure if it's a "major impact".

[DaftAjax]

Major impact on what?K-pop music?Don't make me laugh.
We know that South Korea is one of the crypto-friendly countries,where the corporations show interest in blockchain technology and cryptocurrency adoption.Anyway,I really doubt that K-POP coin or token will be really successful.Building a new blockchain from scratch is pointless.

Does my title really "that" misleading? Did you read the initial content?

Well, let me reiterate. The title says "K-POP Company owners....", it's not the K-POP groups themselves but the Company they belonged to. It's the decision of their executives and CEO to create their own blockchain. They're just going to meddle to the crypto and blockchain, they're the catalyst if you will. K-POP has a very large fanbase all over the world. One of the reasons is for the fans to be familiar with the entertainment ecosystem. Ecosystem my friend, that's a pretty large network if you ask me. Imagine tickets for concert tours that will cost you cryptocurrency. And their Music, that's going to be in major music streaming platforms such as Spotify, Apple Music, iTunes etc. I'd say that's a very big exposure.

I don't know man, I'm keeping my mind open. Because back then, Bitcoin is a laughing matter, a dude bought 2 boxes of pizza for 20K BTC. Then the year 2017 happen.

[audaciousbeing]

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

I think its a good development that should be encouraged and coming from a company operating in the entertainment further shows the versatility and applicability of blockchain transcends beyond what people might think. However, I don't think this is going to cause a major impact the company in question is not Empire Music or Warner Bros or Fox which we know have the muscle to cause a major push in the industry however, it could be a start of a chain reaction that would change the things are done which is the bright side everyone should be looking at.

[el kaka22]

It depends on what they do with this information, not the information itself. They really make those celebs go out and talk about crypto here and there, doesn't have to be like promotion (there is nothing to promote) but create awareness then Koreans would probably listen. Hell k-pop is global now and well beyond Korea itself only which means there are people who will literally listen all around the world.

So, those celebs talking about crypto between sentences sometimes would create a lot of awareness and they could put this over the mainstream media, that is when the real price increases start. Don't forget the more adoption we have in crypto world the more price will increase, that has always been the truth and that is what we need from these kinds of news.

[bhabygrim]

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

This could be use to gain more people in the crypto industry the only thing that bother's me is that they would surely attract non crypto people .
And for sure it could have a huge effect in the market  specially if those people goes into trading they could easily be manipulated or lose some money or be part of the people who easily dump their crypto when they hear some fake news.

[13abyknight]

K-Pop is a massive industry in itself, which surely has its own ordeals. While this doesn't come in as a major surprise, it feels a bit late if we have a look at all the other parallel industries coming into the blockchain/crypto buzz. Maybe they should've stuck to using an existing blockchain like ETH and created a an ERC token instead of having to invest a lot of fortune for creating their own blockchain.
Either ways, only time will tell of what will happen down the road and for the best of the K-Pop industry, it better turn out to be good.

[ShooterXD]

Is a good choice is use the token to pay to listen, buy the rights of the music, pay for the shows, tickets.
They have many options, and probably they're thinking and planing this in this exact moment.

[jhongzjhong]

K-POP company is very well known as of now even at a very young age, this is a good sign to crypto that to be well known even in the industry of celebrity entrepreneur. They will help to explore and broadcast this crypto and the behind on this is blockchain technology.
I saw a list of celebrity entrepreneurs, there are 5 of them who are getting involved in Blockchain startups here. https://www.inc.com/bill-carmody/5-celebrity-entrepreneurs-who-are-getting-involved-in-blockchain-startups.html. Probably they know about the PAC token the owner of this is a world boxing champion.

[BitHodler]

So, those celebs talking about crypto between sentences sometimes would create a lot of awareness and they could put this over the mainstream media, that is when the real price increases start.

The problem I see here is that these celebrities don't have a clue about what's going on here and for that reason back anything they deem interesting and rewarding enough, even when it's a clear cash grab.

We have seen quite a few celebrities enter the crypto sphere already, and they haven't contributed to anything but their own wallet. People need to stop following celebrities like blind sheeps. They're not here for you.

If celebrities really cared about the fundamentals of crypto, they would finance development, set up businesses utilizing crypto, etc. None of that is the case so it makes more sense to warn people against them.

[micher143]

Entertainment industry is big, so I think it is good for us traders and holder, because of that the price of the cryptocurrency will go up because they can use their popularoty to promote crypto, then it's a win for us. The bitcoin will be know and many individual will make an investment to it!

[tetyulfania]

K POP is the greatest company and many artist have been there, always have positive when K POP become bitcoin as their partner, just waiting bitcoin price will be higher in next time.

[abhiseshakana]

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

We need to review a little SM plan to expand cryptocurrency. In my opinion, the idea came from subcontractors who saw the KPOP audience market share is very large, although there are many other types of music why KPOP was chosen, the reasons are:

- KPOP fans are more fanatical because they have different market segments, namely small children and young children.
- His enthusiasm is very much proven since the morning the location of the concert was visited by many fans and the number of fans who came many times over.
- Fever and euphoria of KPOP in all countries last a long time, although the appearance is instant but the music can be sustained.

If SM develops a cryptocurrency, will its enthusiasm be as big as KPOP music? In my opinion not necessarily, because:

- Although the number of KPOP fans around the world reaches 89 million people, not all KPOP fans are people who understand cryptocurrency.
- When SM launches a cryptocurrency, the market will see and review its vision and mission, and whether the market will respond according to SM's expectations.