3.2.2. NFT Market
Kyemongsa’s fairy tales are one of the most popular collections for art enthusiasts or those studying painting. Rich colors, elegant illustrations, and detailed drawings are still being talked about on the Internet today. At the request of many customers, a previously published book was reprinted and published, and it gained a lot of popularity. In addition, popular fairy tales are continuously being converted into e-books and videos. New content will make the NFT Market very active.
ETH and stablecoins will be used for transactions because they are easier for buyers to use. Users who actively complete transactions will also be rewarded with tokens. Since transactions are made through smart contracts, mutual trust is guaranteed. Transactions are completed transparently because transaction details are recorded on the on-chain network. Authors using the platform can create NFTs of their work on the platform. The generated NFTs are then stored in their personal wallets.
There are two main ways to use the NFT Market. 1) Users can create NFTs similar to the illustrations of famous artists and trade those NFTs, 2) Users can trade content IP, that is, copyrighted content, as an NFT.
NFT Item Transactions
Books from Kyemongsa have special significance in Korea’s marketplace. It is the oldest children's book publishing company in Korea and has been loved by readers for a long time .Generations who have grown up with Kyemongsa recall fond memories of reading their fairy tales and looking at the beautiful pictures. They want to pass those memories on to their children and still purchase Kyemongsa books today.
Kyemongsa books are still popular with students studying painting as well, so the books have been continuously purchased. The illustrations based on an elegant drawing style have created lots of fans. Many fans have urged Kyemongsa to publish more often so that they can buy their own copies of their books. However, with our NFT Market, users will be able to satisfy their desires by purchasing valuable illustrations and historical books.
Content IP Investment using NFTs
Users can issue IP content as an NFT and trade them. Investors can trade copyrights that can be used to produce educational and entertainment content at any time, or to produce secondary products such as merchandise, movies, webtoons, web novels, etc. Copyright transactions are also possible on “by PAGE.” (app name. You do not need to change).
Last updated
