Capture the Early NFT Exchange Market... Galaxia Moneytree Levels Up Its Corporate Value

Dunamu's Corporate Value Hits 20 Trillion Won...Big Win in Cryptocurrency Exchange Investment
Attention Focused on NFT Trading as MetaGalaxia Investment Demand Surges
Intense Battle Begins to Secure High Scarcity Value IPs

[Asia Economy Reporter Hyungsoo Park] The enterprise value of Galaxia Metaverse is increasing amid expectations for new business in non-fungible tokens (NFTs).

According to the financial investment industry on the 7th, Galaxia Moneytree's stock price rose 46.5% from 8,190 won to 12,000 won this month. The growth expectations for the NFT platform MetaGalaxia appear to have influenced the stock price. Recently, the corporate value of Dunamu, the operator of Upbit, has grown to 20 trillion won, drawing attention as the fastest-growing NFT exchange. Few investors initially expected Dunamu's corporate value to reach tens of trillions of won within a few years after the cryptocurrency exchange's launch. As cryptocurrency trading became active, transaction fees surged, and Dunamu reportedly achieved profits exceeding 1 trillion won in the first half of this year.

Galaxia Metaverse, an affiliate of the Hyosung Group, operates integrated electronic payment services centered on small mobile payments and credit card payments, as well as O2O businesses for convenience store prepaid payments, mobile department store gift certificates, and coupon issuance and management through convenience store infrastructure. It also operates the mobile financial platform 'Moneytree.' Through its subsidiary Galaxia Metaverse, it is promoting blockchain-based NFT business. The blockchain-specialized company Galaxia Metaverse was established in May.

Lee Sangheon, a researcher at Hi Investment & Securities, said, "To launch the NFT market, we have secured NFT content IPs in various fields such as sports, digital art, broadcasting, and entertainment," adding, "In sports, we have secured the largest number of IPs among domestic NFT-related services."

He continued, "In the art field as well, we have signed agreements with artists across the board, including photography, characters and illustrations, and Oriental paintings," adding, "It will function as a market where NFTs can be freely bought and sold."

Furthermore, he emphasized, "At the initial service launch, NFTs can be paid for using Ethereum (ETH) and Kakao's virtual asset Klay (KLAY), and we plan to expand payment methods further."

The researcher introduced, "The MetaGalaxia platform plans to provide original and limited edition content in fields such as entertainment, artworks, and luxury through a curation method," and "It will guarantee revenue sharing rights for creators during content collection and trading processes and secure competitive fees."

A system will be applied to automatically distribute revenue according to the ratio set by the original creator when works are resold. Discussions are also underway for issuing membership rights in the form of NFTs that can be used for hotels, resorts, condos, and golf courses. This will proceed in a way that customers fully own NFT-type membership rights without issuer control.

The researcher predicted, "By establishing a foundation to promote metaverse-based fintech business through NFT market services like MetaGalaxia, the valuation can be leveled up."

Choi Jaeho, a researcher at Hana Financial Investment, said, "On the 1st, the blockchain-based NFT platform 'MetaGalaxia' was officially launched," adding, "As NFTs have recently emerged as a new investment method both overseas and domestically, high growth is expected, making Galaxia Moneytree's full-scale entry into the NFT business a reasonable factor for receiving a high valuation."

He continued, "The core of an NFT platform is the content IP it holds," emphasizing, "The higher the quality and scarcity value of the verified content and IP, the higher the transaction amount."

He said, "Growth is achieved through platform transaction volume," adding, "Even before the launch of MetaGalaxia, we have secured IPs of famous works such as art and stars."

He also said, "While most domestic NFT platforms are limited to a single category, Galaxia Moneytree has the advantage of securing customers through category diversity," adding, "This is why works sold out from the early stages of the NFT platform launch."

Researcher Choi judged, "We will collect 10% of the work price as fees and support not only primary transactions but also secondary and subsequent transactions between customers," adding, "High growth in transaction volume through NFT work trading is expected."