[Asia Economy Reporter Hyungsoo Park] Galaxia Money Tree is soaring. Securities firms' analysis that the non-fungible token (NFT) market platform will grow appears to have influenced the stock price.
As of 9:23 a.m. on the 12th, Galaxia Money Tree is trading at 6,730 KRW, up 17.66% from the previous trading day.
Hi Investment & Securities analyzed that the growth potential of the NFT market platform through its subsidiary is becoming visible. They did not provide an investment opinion or target price.
Lee Sangheon, a researcher at Hi Investment & Securities, explained, "Our subsidiary Galaxia Metaverse has secured NFT content IPs in various fields such as sports, digital art, broadcasting, and entertainment to launch the NFT market." He added, "In sports, it holds the largest number of IPs among domestic NFT-related services."
He continued, "In the art field, agreements have been made with artists across the board, including photography, characters and illustrations, and Oriental paintings," adding, "On the 1st of next month, the NFT market service Meta Galaxia will open and function as a market where NFTs can be freely bought and sold."
Meta Galaxia will initially allow NFT payments using Ethereum (ETH) and Kakao's virtual asset Klay (KLAY) upon service launch, and will subsequently expand payment methods further. It plans to provide original and limited edition content in fields such as entertainment, artworks, and luxury through a curation method. The strategy includes guaranteeing revenue sharing rights for creators during content collection and trading processes and securing competitive fees.
The researcher stated, "A system will be applied to automatically distribute revenue according to the ratio set by the original creator when works are resold," and introduced, "A membership issuance business allowing the use of NFT-based hotels, resorts, condos, and golf courses is under discussion, proceeding in a way that customers fully own NFT-type memberships without issuer control."
He also forecasted, "With the foundation laid to promote fintech businesses based on the metaverse through NFT market services like Meta Galaxia, valuation can be leveled up."
He said, "NFTs can prove ownership of digital assets with individual value," and expressed expectations that "they will promote the assetization of digital content and become a driving force for metaverse activation."
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