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Old 04-15-2022, 11:18 AM   #1
AnneSon

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Default SM entertainment plans to launch own cryptocurrency via CT-AI Labs
SM Entertainment has shared plans to develop their own platform with aims for it to become a win-win model for both the agency’s artists and their fans via the development of new technologies such as artificial intelligence and blockchain. SM entertainment has being working exclusively with the company called, CT-AI Labs.

CT-AI Labs CEO Joo Sang Shik announced the plans at the 2019 Upbit Developers Conference that took place on September 4.
He has stated that he could not reveal the specifics but shared that the company is currently in discussion with sub-contractors that will help build the network and added that it will utilise concepts of both public and private blockchains in terms of development.

He further expressed SM Entertainment’s belief that blockchain can become a bridge between the physical and virtual world, saying, “From an entertainment standpoint, blockchain is a decentralized entertainment entity. We will work to foster a virtuous cycle of tangible and intangible assets through the industry.”

SM Entertainment hopes to form a token economy using cryptocurrency which allows artists to create a more quality content through fans contributions, with them also being rewarded based on the contributions.

Joo Sang Shik emphasized that the blockchain venture is not something that will be created in a short amount of time. However, he has stated, “We are revealing the plans as the first step in a phased approach. We must continue on without stopping so that we can view blockchain and cryptocurrency with a new perspective.
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Old 04-15-2022, 12:47 PM   #2
AngelaJohnston

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It is a smart thing what they are doing. KPOP idols are very popular people, and if you read on crypto informator about how cryptocurrencies work. It is easy to understand that the cryptocurrency they will be creating will be extremely valuable. I can be sure that many KPOP idol fans will want to buy cryptocurrency created by their favorite artists, and they will be ready to pay any sum of money for this. As many cryptos are bought as higher as the price of the voting, it is easy to predict that the investors from the beginning will make a lot of money.
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Old 04-15-2022, 12:48 PM   #3
GordonReid

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It is amazing that they want to launch their own cryptocurrency
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Old 01-30-2023, 04:40 PM   #4
saynara

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Launching your own cryptocurrency requires a solid understanding of blockchain technology, programming skills, and a clear plan for its use case. The following steps are involved in creating a cryptocurrency:

Conceptualize the idea and determine its unique value proposition
Choose a blockchain platform such as Ethereum to build the coin on
Design and program the coin's code and smart contracts
Launch a marketing campaign to raise awareness and attract investors
Create a secure and reliable wallet to store the cryptocurrency
After launching your cryptocurrency, it's important to monitor its performance and track its growth. A great tool to help you with this is a blockchain explorer, which allows you to see all the transactions and activities taking place on the blockchain. It gives you a complete overview of the state of the network and helps you keep up with its progress. Whether you're an investor or a developer, a blockchain explorer is a valuable resource for anyone involved in the cryptocurrency space.
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