Z-POP Dream Project, a South Korean-based entertainment provider, plans to use blockchain technology to find the next K-pop talent and develop a new entertainment platform. K-pop is a form of South Korean folk music.
CEO Jun Kang, who played a key role in creating the company, wants to build a global entertainment ecosystem to support and discover new talent for the $ 46 billion global music business, according to the Korea Herald.
Blockchain to provide transparency
Z-POP will use the Ethereum blockchain to allow fans to vote for their favorite entertainers in award ceremonies and in auditions with greater transparency, the company said. The project will discover and nurture talents, enable fans to support talent and develop talents in global stars.
The company intends to establish a platform for the "Creation of stars" that includes the Z-POP Dream Audition in 10 regions: Korea, Hong Kong, Japan, the Philippines, India, Indonesia, Vietnam, Malaysia, Taiwan and Singapore. The platform will also include a "Star Academies."
Kang said that access to the global music stage will be more possible for artists looking to show off their talent.
The project has already created global K-pop acts including WannaOne, Girls' Generation, BTS, Big Bank, 2NE1, Boa, TVXQ, EXO and PSY, according to its website.
Quest & # 39; year, the project got its first partnership with the People & # 39; s Television Network Inc., the state-owned TV of the Philippines broadcast station and Viva Entertainment Inc.
Token Offering Planned
The project has announced an initial token offering, starting in October, to support the infrastructure, which will also develop a global monetization platform that will allow revenue to be obtained through the merchandise, concert tickets and & rsquo; admission to events.
The whitelist token price will be 1 ZPOP for $ 0.08. There will be a soft cap $ 10 million, a hard cap $ 100 million and a total supply of 4 billion coins.
Read also: Blockchain technology industry
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