South Korean Regulators Turn up Heat on ‘Gangnam Style’ PSY’s NFT Concert Ticket Sales
South Korean Regulators Flip up Warmth on ‘Gangnam Vogue’ PSY’s NFT Live performance Tag Gross sales
The singer of “Gangnam Vogue,” PSY, may be characteristic for an NFT clash with regulators in his native South Korea.
Per Biz World, the singer’s leisure agency P Nation launched an NFT-powered pre-sale mission for PSY’s concert tour in 2023.
No NFT Pleasure for ‘Gangnam Vogue’ PSY?
In October 2022, P Nation stated it was launching a fan community known as soPSYety. The agency stated that the mission was backed by NFTs, including a range named PSYger.
P Nation announced that for PSY’s Summer Swag and All Evening Stand concerts, “opportunities to buy tickets in attain may be given to folks who own PSYger NFTs.”
[PSY]싸이 흠뻑쇼 2023 투어일정 공지#서울 #원주 #여수 #수원 #보령 #익산 #인천 #대구 #부산 #싸이흠뻑쇼2023 #SUMMERSWAG2023 #TicketOpen #230607 #수요일 #NFT선예매_12PM #일반예매_8PM #인터파크에서 #interparkticket pic.twitter.com/vSIm0omKV1
— P NATION (@OfficialPnation) Might per chance perhaps perhaps per chance 25, 2023
Then again, this protection can also honest beget landed the wide title and his firm in effort with the South Korean Stunning Commerce Charge (FTC).
The FTC is reportedly on the warpath, and ought to “smash” a worthy-awaited Main League Baseball showdown in Seoul subsequent month.
In July 2023, the MLB unveiled plans for the Los Angeles Dodgers and San Diego Padres to open the 2024 in style season with two video games in Seoul. The video games are slated for March 20 and 21.
For the first time in MLB historical past, the in style season will originate in Korea!
The @Dodgers and @Padres will open the 2024 slate on March 20-21. pic.twitter.com/IvIJ9nqI8V
— MLB (@MLB) July 12, 2023
Then again, the FTC is anxious that the video games’ foremost partner, the e-commerce wide Coupang’s Coupang Wow arm, is offering distinctive label rep admission to to its paid individuals.
The FTC, the media outlet reported, is pondering investigating the MLB video games and PSY’s NFT label gross sales, for seemingly violations of the Platform Competition Act.
The media outlet added that many critics beget hit out at alleged “reverse discrimination.” They order such practices “undermine person welfare.”
Some 10,000 folks beget bought tickets to the MLB video games through Coupang Wow. One game sold out in only eight minutes.
Ok-pop NFT Projects in Distress?
The FTC’s verdict in the PSY case can also beget extreme repercussions for other Ok-pop ventures.
Quite loads of Ok-pop’s excellent gamers beget developed huge NFT, web3, and crypto plans. And a whole lot of these possess the utilization of NFTs and money to enable fans to rep admission to “distinctive” rewards.
In many circumstances, these plans beget consuming early rep admission to label gross sales and precedence slots for meet-and-greet occasions with fans.
Identified globally for hits equivalent to “Daddy,” “Gentleman,” and “Gangnam Vogue,” PSY debuted in South Korea in 1999.
“Gangnam Vogue” shot to fame in December 20212, and has over 5 billion views on YouTube. He launched P Nation in 2019.
Source : cryptonews.com
