This is an extremely profitable market, but the way K-content is distributed is still facing some outstanding problems.
First, because these contents are distributed digitally in traditional way, so it’s really easy for anyone to copy or illegally monetize them.
For instance, in developing countries with few strict laws, many people make products such as t-shirts and posters that copy the Music Videos of famous K-pop groups and earn a lot of money. Or a lot of people are comfortable watching K-content movies on pirated websites without buying the copyright.
Usually, to contact to buy the copyrights to these content, only the major national broadcasters have the ability to contact such big companies. It is very difficult for small groups or organizations to contact to buy these content. (requires a lot of business licenses)
With our stable and efficient blockchain & NFT technology-based platform, K-content creators can easily protect the copyright of their content by tokenizing them into NFTs.
And to help global customers easily buy these K-content copyrights, NFTencer supports a wide range of big entertainment companies/management companies' copyrights in our ecosystem.
The second problem is that it's very difficult for new or unfamous K-content creators to reach a diverse fan base as well as large management companies to support their career development. K-content creators now can overcome this shortcoming by getting easy access to NFTencer's diverse ecosystem including wide range of supporting fan bases and entertainment/management companies.