• Home
  • NFT
  • Bitcoin
  • Events
  • Contact
    • Contact
    • Our Journalists
    • About Us
    • Partners
Friday, December 1, 2023
No Result
View All Result
Our Bitcoin News
  • Home
  • NFT
  • Bitcoin
  • Events
  • Contact
    • Contact
    • Our Journalists
    • About Us
    • Partners
  • Home
  • NFT
  • Bitcoin
  • Events
  • Contact
    • Contact
    • Our Journalists
    • About Us
    • Partners
No Result
View All Result
Our Bitcoin News
No Result
View All Result

BTS’ agency HYBE to advance NFT plans despite backlash

News
by Gauri Bhatia
31 December 2021
BTS’ agency HYBE to advance NFT plans despite backlash
Share on FacebookShare on Twitter

The entertainment agency behind the world’s current most popular boy-band BTS, HYBE, announced Friday that it has moved forward with plans to issue NFTs, despite facing public outrage over the move.

Plans to launch BTS NFT photocards were revealed last month, which resulted in HYBE facing backlash from fans who expressed concerns over its environmental impact. Millions of the K-pop band’s fans protested the move and threatened to boycott the company as a result.

However, in a statement given to the Wall Street Journal Friday, HYBE confirmed BTS’ upcoming entry into the NFT market. John Kim, project lead at HybeAmerica, told WSJ:

“We believe NFTs have the potential for expansion and hope they will provide fans with more varied experiences and opportunities to express themselves.”

One of the most prominent acts in the world, the Kpop band BTS has broken several records in the industry. The band, consisting of seven members: RM, Jin, Suga, JHope, Jimin, V, and JungKook, debuted in 2013 and made their breakthrough in the American music scene in 2017.

BTS merchandise is hugely popular amongst fans and is mostly sold out as soon as it hits the market. HYBE has made immense profits as a result, posting revenue of about $200 million in 2021 alone.

As per the report, the NFT photocards will be released in the first half of 2022.

Previous Post

Twitch co-founder launches gaming-focused NFT platform Fractal

Next Post

Ariane Capital Notes Stellar Crypto Investment Fund Performance Despite 2021’s Bearish Periods

Gauri Bhatia

Gauri Bhatia

Gauri is a full-time Content Writer at Our Bitcoin News. With a degree in Economics, she covers major news and concerns surrounding crypto-space.

Related Posts

[btokyo club December Roundtable]The true token economy emerging at the end of the winter of crypto assets ~The dawn of Web3 development in games/IP content~ | CoinDesk JAPAN

[btokyo club December Roundtable]The true token economy emerging at the end of the winter of crypto assets ~The dawn of Web3 development in games/IP content~ | CoinDesk JAPAN

by Damien Martin
1 December 2023

"btokyo club” is a limited paid community service centered on business leaders of major companies researching Web3, which has been...

Bitcoin rises to $38,800 for the first time since May 2022 | CoinDesk JAPAN

Bitcoin rises to $38,800 for the first time since May 2022 | CoinDesk JAPAN

by Damien Martin
1 December 2023

Supported by demand expectations from institutional investors, Bitcoin (BTC) briefly rose to $38,800 for the first time since May 2022,...

Withdrawal of $1 billion suggests bullish mood, Bitcoin aims for $40,000 | CoinDesk JAPAN

Withdrawal of $1 billion suggests bullish mood, Bitcoin aims for $40,000 | CoinDesk JAPAN

by Damien Martin
1 December 2023

Centralized crypto asset (virtual currency) exchanges have recently seen large amounts of Bitcoin withdrawn, as there is a growing belief...

No Result
View All Result

Recent Posts

  • [btokyo club December Roundtable]The true token economy emerging at the end of the winter of crypto assets ~The dawn of Web3 development in games/IP content~ | CoinDesk JAPAN
  • Bitcoin rises to $38,800 for the first time since May 2022 | CoinDesk JAPAN
  • Withdrawal of $1 billion suggests bullish mood, Bitcoin aims for $40,000 | CoinDesk JAPAN
  • Survey on “Crypto Asset Investment and Tax Returns”, Approximately 70% of investors will profit from transactions in 2023
  • Cryptocurrency exchange/sales office campaign update information summary (first half of December 2023) | CoinDesk JAPAN
Our Bitcoin News

© 2021 Our Bitcoin News

Navigate

  • Home
  • Press Release
  • Sponsored
  • Our Journalists
  • Advertise
  • Editorial Policy
  • Privacy Policy
  • Terms & Conditions

Follow Us

No Result
View All Result
  • Home
  • NFT
  • Bitcoin
  • Events
  • Contact
    • Contact
    • Our Journalists
    • About Us
    • Partners

© 2021 Our Bitcoin News