South Korea-based entertainment venture Z-Pop Dream Project has announced plans to tap into the $46 billion global music industry using the Ethereum blockchain.
“With our outstanding team of industry veterans and proven track record, breaching the global music stage will no longer be just a pipe dream for local artists aspiring to showcase their talent to the world,” says CEO Jun Kang. He adds that he plans to use the new platform to support and discover the next new K-pop artist.
For the launch of this new venture, Z-Pop Dream has partnered with the Philippines’ state-owned People’s Television Network and Viva Entertainment. Jun explains that his new platform will allow fans to vote on the blockchain system for their favourite entertainers in award ceremonies and auditions with more transparency.
Plans fare afoot for a “Star creation” platform and “Star Academies” that will include the Z-Pop Dream Audition in 10 regions: South Korea, Hong Kong, Japan, the Philippines, India, Indonesia, Vietnam, Malaysia, Taiwan and Singapore.
Z-Pop Dream claims on its website that various acts have already been created, such as WannaOne, Girls’ Generation, BTS, Big Bang, 2NE1, Boa, TVXQ, EXO and PSY. It has scheduled an initial coin offering in October to raise funds for infrastructure, and develop a global monetisation platform that will tokenise revenue through merchandise, the sale of tickets to concerts and other events.
Each 1ZPOP token will be priced at whitelist at 000$0.08. The soft cap of the ICO will be $10 million, the hard cap, $100 million, with a total supply of four billion tokens.
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