Blockchain technology has no doubt revolutionized the technological world, used in several spheres like remittance payments, hospital records, dissemination of universal basic income etc. but one of its most interesting applications is in Korea’s entertainment industry. South Korea-based entertainment platform Z-POP Dream Project will be using blockchain technology to find the next K-pop talent.
Founded in Seoul earlier this year by a team of professionals who created global K-POP music stars such as PSY, Girls’ Generation, BTS, EXO, and WannaOne, Z-POP Dream wants to build a global entertainment platform to discover hidden pop music talents, accelerate their rise to stardom and create a global token economy within the $46 billion global music market.
The platform will be powered by hundreds of millions of K-POP music fans across the world through the use of the company’s own crypto token, the ZPOP coin, which will be based on the ethereum blockchain. ZPOP coin holders will be able to vote for their favorite entertainers in award ceremonies and auditions with more transparency.
“The project will give fans the voting interest through our online platform,” the company said. “Fan votes will play a crucial role in decisive events such as auditions and award ceremonies. Adopting the ethereum blockchain technology, the project makes the voting transparent and trustworthy. The Z-POP Dream Project offers fans the opportunity to grow their favorite stars.”
Z-POP Dream is also planning to create a “Star creation” platform, which includes Star Academies and the Z-POP Dream Audition in 10 territories: the Philippines, Vietnam, Thailand, Malaysia, Hong Kong, Indonesia, India, Japan, Taiwan and Singapore. The future stars will be created using Korea’s tried and tested star-creation process. Thus, talented artists will have a good chance of rising to the top.
Z-POP DREAM aims to tackle three main issues, which often occur in the music sector. The three problems are:
- Millions of talented artists find it difficult to realize their goals because of the lack of access to professional training or networks and infrastructure needed.
- Fans are left out of the star-creation process
- There is a high barrier to entry for stardom globally
Additionally, Z-POP Dream will be conducting an initial token offering (ITO), beginning in October, to support the infrastructure, which will also develop a global monetization platform that will tokenize revenue through merchandise, concert tickets and admission to events.
The token price at whitelist will be 1 ZPOP for $0.08. There will be a $10 million soft cap, a $100 million hard cap, and a total supply of 4 billion tokens.
Z-POP Dream Founder and CEO Jun Kang, an SM Entertainment veteran who initiated the first wave of K-POP expansion into the international market, said that the goal of the project is to create a new generation of global pop stars through the power of the fans, to equalize the playing field and empower both fans and artists alike to better achieve their dreams. Join the beta now: Here!
For more information about Z-POP Dream, you can visit the links below:
Website: https://z-popdream.io/
Whitepaper: https://z-popdream.io/docs/whitepapers/zpopdream-whitepaper-en.pdf
Telegram: https://t.me/zpopdream
Twitter: https://twitter.com/zpopdream
Facebook: https://www.facebook.com/zpopdream
Whitepaper: https://z-popdream.io/docs/whitepapers/zpopdream-whitepaper-en.pdf
Telegram: https://t.me/zpopdream
Twitter: https://twitter.com/zpopdream
Facebook: https://www.facebook.com/zpopdream
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