KORIPC Leads the Way in Transparent Revenue Distribution of K-culture IP Using Blockchain Technology
King Newswire August 19, 2024
Hong Kong S.A.R., 19th Aug 202 - Recently launched, KORIPC is pioneering the transparent revenue distribution of K-culture IP through blockchain technology. KORIPC provides a platform that protects the copyrights and neighboring rights of various Korean content, including K-pop, allowing both creators and consumers to benefit.
By leveraging blockchain technology, KORIPC introduces a system where KORIPC tokens are mined whenever a K-pop track is played. This allows users to enjoy music while simultaneously generating income, experiencing a transparent and fair revenue distribution system.
A representative from KORIPC stated, "KORIPC uses K-culture IP to provide rightful rewards to content creators and new income opportunities for consumers. We plan to expand our ecosystem to include not only K-pop tracks but also various K-content such as webtoons, web novels, and short dramas."
The platform also plans to maximize the profitability of diverse content through FAST (Free Ad-Supported Streaming TV) streaming and the sale of broadcasting rights via networks. This approach aims to provide creators with more stable income streams and offer users greater benefits.
KORIPC intends to expand its ecosystem by collaborating with various companies that own IPs. This strategy aims to enhance competitiveness in the global content market and elevate the status of Korean cultural content.
KORIPC’s innovative blockchain-based platform is expected to provide new opportunities for K-pop fans and creators, improving transparency and fairness in the content industry.
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