KNCA, ‘‘'Jeon Tae Il 50th Anniversary Commemorative Painting' and 150 …
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Global digital media artist Hooranky's ‘Jeon Tae Il 50th Anniversary Commemorative Painting’ will be issued as NFT. The total project size is expected to be 150 billion won.
The Korea NFT Certification Authority (KNCA) announced that it signed an MOU (business agreement) with the Frankie Foundation to register and issue 1,500 NFTs of ‘Jeon Tae Il 50th Anniversary Commemorative Painting’ on the last 8th.
The ‘Painting of Jeon Tae Il 50th Anniversary Commemorative’ is a work that artist Hooranky dedicated to the ‘Jeon Tae Il Foundation’ in October of last year. Earlier, at the time of dedication, it became a hot topic by foretelling that it would be issued as an NFT.
Hooranky is the son of the late Western painter Bae Dong Shin, who is called the pioneer of watercolor painting in Korea, and is a digital media artist who is attracting attention. The spiritual world of culture and art that he unfolds starts from individual concerns and encompasses the universe beyond people, nations, peoples, and the earth.
In particular, he is also famous as an artist who has shown steady interest in distributing art ownership and transparent management through NFT. Recently, he is also active as a CEO specializing in culture and art of ‘ARTi Project’, a digital innovation project through NFT.
Korea NFT Certificate Authority(KNCA), which works with the Hooranky Foundation to turn art into NFT, is an NFT registry office that provides one-stop services from NFT registration to certification.
KNCA opened in May last year and is laying the groundwork for the NFT utilization business. In KNCA, it is possible to check and view NFT registration and issue ownership certificates. In particular, it holds its own patented technology, digitizes real assets, hash them to NFTs, and provides a service that register them on the blockchain.
Kim Seung Il, CEO of the Korea NFT Certification Authority (KNCA), said, “My heart is full to be able to innovate NFT works in the field of culture and art at domestic and abroad with Hooranky,” and “As Hooranky works as a permanent advisor to KNCA, We expect that KNCA will continue to play a major role in raising the transparency of the domestic NFT market, including registration and verification of NFT works and resolving copyright issues." and "In the years to come, as NFT registration applications are increasing in various fields such as game characters, luxury brands, and entertainment, in addition to the arts and culture sector, KNCA plays a significant role in activatig NFT by resolving NFT registration and certification issues, copyright issues, etc., together with experts in each field.
Reporter Kim Min Joo kmj@itbiznews.com
Source : ITBizNews (https://www.itbiznews.com)
