[Asia Economy Reporter Hyungsoo Park] Flask announced on the 26th that its subsidiary Fandom Korea's non-fungible token (NFT) issuance service was featured in the US economic magazine Forbes.
Personal finance expert Jamie Catmull wrote in a Forbes article on the 22nd (local time), "Thanks to the explosive growth of online video content recently, TikTok has established itself as one of the global social media platforms," adding, "Fandom provides a function that sells parts of TikTok videos created by TikTok video creators as NFTs."
He continued, "Even users unfamiliar with Web3 technology can easily use the service and make payments," and added, "Fans can own content by purchasing video content NFTs created by creators and form close and deep relationships with the creators."
Fandom Korea offers a service that issues content created by creators on the short-form platform TikTok as NFTs. Last month, it conducted a closed beta test (CBT) targeting the content partnership business Episode Trip. Episode Trip issued NFTs through the fandom platform that included benefits such as Qatar World Cup direct viewing travel package products and priority reservation tickets.
The open beta service will start at the end of this month. NFTs collaborating with famous domestic celebrities will also be unveiled through the open beta service.
A company official said, "We plan to expand the content NFT service to all TikTok users," and added, "We will provide various services such as buying and selling NFTs and community functions where creators and fans can communicate."
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