With the signing of the TriumphX platform, KFC wishes to even further market their brand in Korea by way of NFTs which will be launched in the close to long term.
KFC partners with TriumpX to create NFT content material
NFT trading platform TriumphX has signed a memorandum of comprehending (MOU) with well-liked quickly meals brand KFC. This deal focuses on joint blockchain investigate with the aim of integrating NFT technologies and improving the brand for KFC in the Korean industry.
According to various nearby sources, KFC Korea ideas to introduce blockchain and NFT technologies into the brand’s branding content material. As anticipated, KFC will release NFTs in distinctive content material formats this kind of as video, graphics and virtual actuality (metaverse) collections.
TriumpX’s NFT delivery technique will be leveraged to build and promote KFC themed NFTs to prospects who are by now acquainted with and appreciate this well-liked fried chicken brand. Currently, KFC is a extremely well-liked fried chicken brand in Korea with in excess of 210 shops nationwide.
Meanwhile, NFT is a booming trend in 2021. In the 1st six months of this yr, income from the sale of NFT publications is estimated to have exceeded $ two.five billion. This is a incredible development in excess of income of just $ 13.seven million in the identical time period of 2020.
And surely Korea is not out of this NFT craze. According to a report by Korea Times On July 23, copies of a priceless manuscript detailing the origins and working of the Korean creating program will be offered as a constrained edition NFT. Additionally, the burgeoning K-pop business is also on the lookout to tap into NFT publications to enhance artist publicity.
See much more: Katy Perry will release the NFT assortment in late 2021
However, in spite of the demand for NFTs and cryptocurrencies in South Korea, watchdogs have elevated the regulation of the cryptocurrency business.
On July 22, the Korean government also announced that cryptocurrency exchanges will be severely fined if they will not voluntarily register with the country’s authorities by September 24.
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