BTS’ management agency – Hybe – has just verified its plans to move forward with BTS NFTs – irrespective of sharp criticism from Army – BTS’ fandom.
In November, Hybe declared its options to launch artist-related NFTs. Having said that, BTS enthusiasts weren’t joyful. In truth, they took to Twitter to voice their dissent versus BTS NFTs due to the environmental impact of NFTS.
A new enterprise for Hybe
During a live broadcast, the founder of Massive Hit Songs and Hybe Corporation, Bang Si Hyuk, reported, “The ‘new and revolutionary admirer experience’ that will unfold in HYBE will include things like potential activities that admirers have nonetheless to experience but which they need most of all.”
Bang Si Hyuk also introduced the company’s collaboration with the fintech enterprise Dunamu. Together, they approach to establish an NFT enterprise under a new joint undertaking. This will allow for Hybe artists’ IP-based mostly written content to become electronic property that lovers can invest in.
Military is not pleased with BTS NFTs
However, these similar enthusiasts weren’t happy with this announcement. Adverse response predominantly focused on the environmental effects of NFTs. Other individuals said that this goes in opposition to the boy band’s local weather activism – which bundled an visual appearance at the UN Normal Assembly. As a outcome, #BoycottHybeNFT and #ARMYsAgainstNFT started trending on Twitter.
Regardless of the controversy, Hybe verified that the NFT ideas – specially, the BTS NFTs – are going in advance: “We imagine NFTs have the likely for growth and hope they will deliver fans with more different activities and opportunities to categorical on their own.” The initial launch is established to take place in 6 months and will contain NFT photocards of the boy band customers.
Hybe hasn’t disclosed which blockchain they are making use of to host the BTS NFTs. Nonetheless, followers are hoping that Hybe opts for an eco-helpful blockchain that employs the choice proof of stake consensus system. By carrying out this, Hybe will soften the blow and make sure the NFTs’ achievements.