Naver and LINE launch NFT platform for Ok-pop followers

South Korea-based web big Naver Corp. launched its non-fungible token (NFT) platform, NOW.Drops, with LINE NEXT on Wednesday. The platform will let Ok-pop music followers create personalized NFTs.

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Quick info

NOW.Drops permits customers to mint NFTs of their favourite musical acts that they crop out of the unique content material on NOW., Naver’s stay audio and video streaming service that options South Korean artists. To mint and save the particular clips of their favourite acts, customers have to buy “crystals” which will also be used to buy different NFTs on the platform.NOW.Drops could be accessed by means of LINE’s e-wallet DOSI, which customers can log into through social media accounts and make funds.On the launch, Ok-pop woman group NMIXX held an unique comeback showcase on NOW. and an NFT airdrop occasion on the newly opened platform.LINE NEXT is the NFT subsidiary of Tokyo-based cell app big LINE Company, which is owned by Naver and the Softbank Group.HYBE Co., Ltd., which manages Ok-pop’s BTS, is also setting up a U.S.-based music NFT platform with Dunamu, the operator of South Korea’s crypto alternate Upbit.

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