Fellaz is a comprehensive web3 NFT solution provider for entertainment 3.0 and a frequent collaborator in carrying out fan-centered NFT Business. This comprehensive website keeps an eye on the growing number of successful NFT use-cases.
Korea’s presence in the global cultural market has been growing throughout the past decade. In 2013, Psy’s “Gangnam Style” was a phenomenon that came and went. However, with BTS receiving worldwide acclaim, K-pop has become a global trend here to stay. “Parasite” and “Squid Games” expanded the influence of Hallyu (Korean Wave) even further.
There is one particular field of interest common to major entertainment companies that are leading the market: NFT. NFT is a technology that has been drawing much attention lately due to its potential as a new driver for revenue maximization.
Top 5 K-Pop Entertainment in NFT Business
Here are the top 5 major entertainment companies in Korea that are exploring the integration of NFT Business:
Famous for the global phenomenon BTS, HYBE went public in 2020. It is currently the largest entertainment company in Korea despite its relatively short history. It’s not news that HYBE is on the lookout for a new growth engine besides BTS and looking for opportunities in the NFT business.
2. YG Entertainment
Another on our list is YG Entertainment which is a major entertainment company. This entertainment company music label shares its ranks with HYBE, SM, and JYP and is famous for its reputable lineup of K-pop artists such as Big Bang, Black Pink, and Winner.
3. SM Entertainment
SM Entertainment is an iconic entertainment company in Korea as a pioneer in establishing the first systematic idol incubation procedure and ecosystem. This company is paving the way for K-pop to blossom into a global phenomenon. SM Entertainment’s entry into the overseas market began in 1997. Also, SM Entertainment held the first large-scale K-pop concert in Europe in 2011.
5. Abyss Company
Abyss Company is a privately-held entertainment company. It is relatively small in size compared to the companies above, but, currently, Sandara Park from 2NE1 and Sunmi from Wonder Girls are part of Abyss Company.
Read More: Key Benefits of using NFT as Digital Assets