VNExpress-Apr 21
Vietnamese artists have begun to enter the world of non-fungible tokens, sparking high expectations of a booming new investment platform in a country pushing for digital transformation. Song writer Nguyen Van Chung earlier this month announced his intention to issue non-fungible tokens, becoming one of the first artists to do so. He offered to sell a share of profits from his YouTube channel, which has 200,000 followers, a process he calls “equitization” of the channel. The channel has 700 music videos. Rapper Binz last month launched a collection of non-fungible tokens for a percentage of royalties from his new song ‘Don’t Break My Heart,’ which has 8.6 million views on YouTube. He offers investors 0.05 percent royalty on these tokens, which are priced at US$69-108,000. Model Vinh Thuy announced earlier this week he plans to join the NFT market with his ‘1988Dragon’ collection. The announcements come after Vietnam made headlines globally with Axie Infinity, a blockchain-based play-to-earn NFT game in which people can earn cryptocurrency by selling characters and items. NFT is a non-interchangeable unit that represents objects like art, music, in-game items, and videos. Truong Gia Bao, chairman of business consultancy Digital Transformation for SMEs, said NFTs are emerging in Vietnam as representatives of both physical and digital assets. Read more at: https://e.vnexpress.net/news/economy/nfts-beginning-to-find-takers-in-vietnam-4454188.html
