Klaytn and Animals concert in Korea: Pop in the metaverse?

Animal Entertainment, the leader of the Metaverse gig, has partnered with Klaytn Network, which is owned by Kakao Korea, to promote the Korean entertainment industry and support Klaytn's outreach programs around the world.

In a Jan. 10 statement, Klaytn explained that he hopes the collaboration between Klaytn and Animal Concerts will help Klaytn increase the number of NFTs traded on his platform. Klaytn is one of the three lowest volume blockchains, despite having native support for OpenSea, the largest NFT industry. Klaytn's parent company Kakao is also developing an NFT and metaverse platform called Kakao Games.

Animal Concerts plans to host and promote a concert of metaverse and problematic cryptocurrencies, non-fungible tokens (NFTs), and top journalist awards. The American label has teamed up with Alicia Keys to promote her album KEYS.

Colin Fitzpatrick, CEO of Animal Concerts, believes NFTs could be a way for the music industry to increase revenue since the start of the expansion of Covid-19. Artists who saw the show and took off the tour lost income and lost the ability to engage with fans on set. Hosting a concert on the Metaverse without infectious disease can change the way people experience concerts, avoid disappointments with canceled shows, and lower touring costs.

Fitzpatrick told the Cointelegraph that "Klaytn's main goals are the NFT and the Metaverse," so a partnership with Klaytn is a natural fit.

He also hopes to further increase Korea's music entertainment market by $ 6 billion.

"Korean entertainment will have a big impact on animal concerts."

Fitzpatrick noted that due to the current economic crisis, "there was a limit to the number of people who could attend the concert on the Metaverse" and, like the tour, created the network of virtual venues across the existing Metaverse. and new. platforms. I hope. We organized a concert.

While Klatyn is a large-scale open blockchain company, Fitzpatrick is confused by the decentralization of environmental concerns. Klaytn Management Group includes more than 30 major companies, including Shinhan Bank, LG Electronics, and Netmarble, as well as cryptocurrency makers Maker and Binance.

There may be criticism of the distribution of Fitzpatrick's theory, but "there are many blockchains that are not classified as advertised."

He also believes that it is beneficial for companies to participate in the blockchain space as well.

"I think people are not sure that the block that is a big company will work."