cryptoknowmics.com
Dance with NO:ZE, a non-fungible token (NFT) project that aims to protect choreographers' intellectual property via blockchain technology, was unveiled by South Korean superstar dancer NO:ZE on Friday. In her video release, NO:ZE stated that the choreographies made up to this point were not copyrighted.
"Dance choreographies can be correctly recognized as intellectual properties with NFT technology, and [NFT] holders can profit."
After appearing on Street Woman Fighter, a dance survival television program that included eight female dance groups, NO:ZE became a household name in South Korea. Ten thousand profile photographs (PFP) of NO:ZE using her actual photos and three sets of NO:ZE's original choreography will be distributed via 'Dance with NO:ZE.' According to the project website, NFT will be airdropped to the Kaikas wallet on the Klaytn blockchain for 500,000 Korean won, or around $385.
South Korean Music Platform Using NFTs to Protect CopyRight
A South Korean patent has been granted to the South Korean music sharing website, Koong World, which uses sound source data and non-fungible tokens (NFTs) to let artists post and share their works without worrying about copyright infringement. Peer-to-peer music trading company Koong World, founded in 2021, gives musicians 80% of their earnings in royalties. South Korean streaming services have come under fire for what some see as unfair revenue-sharing arrangements, where platforms typically take home a 35 percent revenue share. At the same time, copyright holders often receive distributions of less than 20 percent. To develop NFT marketplace services on its platform, Koong World and blockchain startup Nia Labs agreed to a memorandum of understanding last year.