GEC NEWS WIREZ-POP Dream Project (Z-POP Dream), a global entertainment platform headquartered in Korea, is set to revolutionise the pop music industry through the use of Blockchain technology.
Korean Pop (K-POP) has become the international face of South Korea thanks to an extremely regimented, coordinated production system that blends addictive melodies, slick choreography, production extravagance, and a never-ending parade of attractive South Korean performers. K-POP stars transcend race and language, breaking the stranglehold of American pop dominance across the world.
Despite the language barrier, K-Pop is extremely popular in the UAE and has a dedicated fanbase, owing to the unique mix of electro, dance mix, hip-hop and the classic rock and pop, catchy beats, and high fashion that appeal to especially young music enthusiasts.
However, despite the rise of the global phenomenon that is K-POP, the sad truth is, many fans only witness the birth of a K-POP superstar at the end of the production system. This means that they often miss this experience of journeying with an aspiring artist from their infancy in the industry. Furthermore, the opaque dealings of many entertainment agencies exclude fans from fully participating in the total development of the next music superstar. This is where Z-POP Dream comes in.
The Z-POP Dream platform’s business model will focus on two key components. One, the proceeds from the Initial Token Offering (ITO) will be used to create infrastructure for this star creation business. Secondly, it will create a global online monetization platform, which will tokenize the revenue opportunities generated by the star creation business, including concert tickets, merchandise, online content and admission to exclusive events. By combining these two elements, a substantial part of the current $46 billion global music market opportunity will inevitably involve the Z-POP ecosystem and fuel it’s token economy. Z-POP Online will be open to both K-POP artists and fans and help to unite a broader audience and create a greater community.
“Through the Z-POP DREAM Project, we aim to create a new generation of Global Pop Stars through the power of the fans, to equalise the playing field and empower both fans and artists alike to better achieve their dreams. With our outstanding team of industry veterans and proven track record, breaching the global music stage will no longer be just a pipe dream for local artists aspiring to showcase their talent to the world,” says Mr. Jun Kang, Founder of Z-POP Dream Project.
Z-POP Dream will be powered by hundreds of millions of K-POP music fans across the world including the UAE, using the company’s own cryptographic token, the ZPOP coin, which will be based on the Ethereum blockchain platform.
The Initial Token Offering crowd sale will be launched in the fourth quarter of 2018.
Founded by the same team that launched global K-POP sensations PSY, Girls’ Generation, BTS, EXO, and WannaOne, Z-POP Dream is the first platform of its kind that seeks to establish a global entertainment ecosystem to better discover hidden pop music talents. Using blockchain to accelerate a new star’s rise to stardom and creating a global token economy within the $46 billion global music market, this ecosystem will be built hand-in-hand with millions of K-POP music fans across the world.
