The Korea NFT Certificate Authority(KNCA), ‘‘Jeon Tae-il 50th Anniversary Commemorative Painting’ and 150 Billion NFT Registration Issuance” > Notice KDCA(한국데이터공인인증원)

Global digital media artist Frankie’s ‘Jeon Tae-il 50th Anniversary Painting’ will be issued as NFT. The total project size is expected to be 150 billion won.

The Korea NFT Certificate Authority(KNCA) announced on the 8th that it signed an MOU (business agreement) with the Frankie Foundation to register and issue 1,500 NFTs of ‘Jeon Tae-il’s 50th Anniversary Painting’.

The ‘Commemorative Painting of Jeon Tae-il’s 50th Anniversary’ is a work that artist Frankie 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.

Frankie is the son of the late Western painter Bae Dong-shin, who is called a pioneer in 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 arts of the ‘ARTi Project’, a digital innovation project through NFT.

The Korea NFT Certificate Authority(KNCA), which works with the Frankie Foundation to turn art into NFT, is an NFT registry that provides one-stop services from NFT registration to certification.

It 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 has its own patented technology, digitizes real assets, hashes them into NFTs, and provides a service that registers them on the blockchain.

Kim Seung-il, CEO of the Korea NFT Certificate Authority(KNCA), said, “I am thrilled to be able to innovate NFT works in the field of culture and art at home and abroad with Frankie.” “We expect that KNCA will continue to play a significant role in improving the transparency of the domestic NFT market and resolving copyright issues, including verification and verification. As this number increases, we will play a big role in revitalizing NFTs by resolving NFT registration and certification issues, copyright issues, etc. together with experts in each field.”

Reporter Kim Min-joo kmj@itbiznews.com