Web 3.0 specialized company BYU Technology (CEO Jin-Yeop Lee) announced on the 29th that it has signed a contract with Celeb Golf & Resort (CEO Chunsu Kim) to issue NFTs (Non-Fungible Tokens) based on the blockchain solution ADC and to build an integrated enterprise information system ERP, marking the official start of the business.
BYU Technology will build a system for issuing golf usage rights and food and beverage vouchers using NFTs for Celeb Golf & Resort. Through this, both companies plan to issue golf course and resort memberships via NFTs and develop a blockchain-based ERP system to create a new digital ecosystem with transparency and security.
The company plans to accelerate NFT issuance by partnering with companies holding tangible assets in real estate, dining, distribution, as well as golf, resorts, hotels, and gaming. This is because the domestic NFT market, which started with artworks, is gaining momentum as it expands into various fields including golf.
In fact, game company Wemade issued NFTs combining the KLPGA Tour and WEMIX point rankings, and Kakao VX issued the ‘Birdie Squad NFT,’ planning fan meetings between professional golfers and members, which received positive responses. Additionally, BC Card started the financial sector’s NFT by issuing the country’s first ‘card payment-linked’ NFT.
A BYU Technology official said, “This agreement will serve as a model case for issuing golf course usage rights and food and beverage vouchers as digital assets by utilizing the characteristics of NFTs,” adding, “We believe that NFTs will create a transparent and secure trading environment applicable to all fields.”
He continued, “We have already signed NFT and ERP service contracts with numerous companies,” and added, “We will continue to expand our NFT-related client base.”
Meanwhile, cryptocurrency company Bitwise.com predicted that the NFT market will grow significantly in 2024 due to movements in Wall Street funds and asset tokenization by JP Morgan and others. In fact, in December last year, the monthly Ethereum-based NFT trading volume recorded about 800 million dollars (approximately 1.0565 trillion KRW), showing an increasing trend.
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