- South Korean superstar dancer NO:ZE announced an NFT project that aims to protect choreographers’ intellectual property via blockchain.
- Through Dance with NO:ZE, 10,000 NO:ZE profile photographs featuring his or her real images and ZE’s choreography will be delivered.
- NFT is not being employed for protection in the field of art for the first time.
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 statement, NO:ZE stated that the choreographies made up until this point were not protected by copyright. Dance choreographies can now be legally recognized as intellectual property, and those who own NFTs will profit from this.
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.
10,000 profile photographs (PFP) of NO:ZE using his or her actual photos and three sets of NO: creative ZE’s choreography will be distributed via Dance with NO:ZE.
According to the project website, each NFT will be airdropped to the Kailas wallet on the Klaytn blockchain for 500,000 Korean won, or around $385.
This is not the first time that NFT is being used for protection in the world of art. With the help of NFTs and sound source data, Koong World has been granted a South Korean patent that enables artists to submit and share their works on the platform without worrying about copyright infringement.
Apart from this, S.Korea is also making efforts to make the space more NFT-friendly. In its recently released annual work plan, a South Korean financial watchdog declared it would increase oversight of new trade assets, including NFTs.
The Financial Supervisory Service (FSS) announced that it will put together countermeasures against elements that harm customers in the quickly expanding market for digital assets.