K-pop star of BTS spoke out against the NFT business
RM has made an official presentation to HYBE's executives, opposing the NFT platform Momentica (a joint product of HYBE and Dunamu).
The tokenized track trading platform shows extremely poor performance: only 50 out of 1,231 video takes were sold. Experts consider the problem to be the management policy, which limits the rights of NFT buyers regarding the free use of their tokens (for example, they may block NFTs if a user doesn't meet some AML rules).
Copyright infringement is indeed a problem for NFTs, whose initial aim is to digitally guarantee such rights.
But don't think that RM is concerned about the copyright issues. His main concern is the carbon emitted during NFT transactions, which can pollute the environment.
This might be the point: yesterday you were a pop idol and today you're an eco-activist!
Copyright infringement is indeed a problem for NFTs, whose initial aim is to digitally guarantee such rights.
But don't think that RM is concerned about the copyright issues. His main concern is the carbon emitted during NFT transactions, which can pollute the environment.
This might be the point: yesterday you were a pop idol and today you're an eco-activist!
