LGU+, considered one of South Korea’s largest telecoms corporations, will difficulty a brand new batch of non-fungible tokens (NFTs) subsequent month – because it seems to be to maneuver additional into the crypto and blockchain sectors.
Per Cash Immediately and Chosun Ilbo, the agency – a part of the LG enterprise empire – will difficulty a brand new assortment that includes its Moono octopus-like animated character. Its first assortment, issued in Might, bought out in simply 2 seconds when it was launched on the OpenSea platform, by way of the Kakao-founded Klaytn blockchain.
The primary assortment featured Moono characters proven having fun with every day of the week, and noticed 200 tokens distributed. The second assortment will likely be a lot bigger, with 1,000 tokens issued. These will characteristic Moono workplace staff and their “altering feelings” over the “course of the working week,” the corporate acknowledged.
The agency added that each one the klay (KLAY) tokens it acquired from the sale can be donated to charity. The agency will retain 100 of the brand new NFTs for “advertising and marketing functions,” and would promote the remaining 900 new NFTs throughout two gross sales to be held on September 5. The primary sale interval will happen from 7pm to 9pm, the place 300 NFTs will likely be bought, with the ultimate 600 items bought from 10pm to midnight.
The corporate additionally added that patrons of 5 tokens would have the ability to declare tickets to the Legoland theme park, with anybody finishing a set eligible to assert a Moono toy.
LGU+ added that it’s going to broaden its NFT-related operations within the months forward and introduced that it might quickly reveal particulars of collaborations with the masterminds behind the favored Kalytn blockchain NFT collections Shy Ghost Squad and Animal Punks.
LGU+ is a member of the Klatyn governance council, together with two different LG corporations: LG Electronics and LG Worldwide.
As beforehand reported, home media retailers have additionally instructed that LG, which has been piloting numerous crypto-related options for a number of years, may very well be planning a token launch of its personal. SK, which owns SK Telecom – LGU+’s largest rival – has already introduced that it’s going to launch a coin earlier than the top of the 12 months by way of its SK Sq. subsidiary.
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