NFT EveningNFT Evening
    Facebook Twitter Instagram Reddit
    NFT Evening NFT Evening
    • News
      • Collectibles
      • Crypto Art
      • Blockchain games
      • Metaverse
      • Music
      • Interviews
      • Columns
    • Guides
      • Top NFT Projects
      • Top Blockchain Games
      • NFT Marketplaces and Tools
    • Learn here!
      • What is an NFT?
      • How to keep your NFTs safe
      • NFT Glossary
    • NFT Calendar
      • NFT Drops
      • NFT Conferences
      • NFT Launchpad
    • Newsletter
    NFT EveningNFT Evening
    Music

    Home » News » Music » Hybe moves forward with BTS NFTs despite major backlash

    Hybe moves forward with BTS NFTs despite major backlash

    By Janelle BorgDecember 31, 2021Updated:January 28, 20222 Mins Read

    BTS’ management agency – Hybe – has just confirmed its plans to move forward with BTS NFTs – despite sharp criticism from ARMY – BTS’ fandom. 

    K-Pop Band BTS Moves Forward With NFTs in Face of Fan Protest
    The South Korean boyband may be “smooth like butter” – but their BTS NFTs are causing serious controversies. Source: Wikipedia

    In November, Hybe announced its plans to release artist-related NFTs. However, BTS fans weren’t happy. In fact, they took to Twitter to voice their dissent against BTS NFTs due to the environmental impact of NFTS. 

    A new venture for Hybe

    During a live broadcast, the founder of Big Hit Music and Hybe Corporation, Bang Si Hyuk, said, “The ‘new and innovative fan experience’ that will unfold in HYBE will include future experiences that fans have yet to experience but which they need most of all.”

    Bang Si Hyuk also announced the company’s collaboration with the fintech company Dunamu. Together, they plan to develop an NFT business under a new joint venture. This will allow Hybe artists’ IP-based content to become digital assets that fans can purchase. 

    ARMY is not happy with BTS NFTs

    However, these same fans weren’t happy with this announcement. Negative reaction mainly focused on the environmental impact of NFTs. Others stated that this goes against the boy band’s climate activism – which included an appearance at the UN General Assembly. As a result, #BoycottHybeNFT and #ARMYsAgainstNFT started trending on Twitter.

    Despite the controversy, Hybe confirmed that the NFT plans – specifically, the BTS NFTs – are going ahead: “We believe NFTs have the potential for expansion and hope they will provide fans with more varied experiences and opportunities to express themselves.” The initial launch is set to happen in six months and will include NFT photocards of the boy band members.

    Hybe hasn’t revealed which blockchain they’re using to host the BTS NFTs. However, fans are hoping that Hybe opts for an eco-friendly blockchain that employs the alternative proof of stake consensus mechanism. By doing this, Hybe will soften the blow and ensure the NFTs’ success. 

     


    All investment/financial opinions expressed by NFTevening.com are not recommendations.

    This article is educational material.

    As always, make your own research prior to making any kind of investment.

    Kpop NFTnft environment
    Previous ArticleAsian Sports Teams Are Talking About Fan Futures With Dapper Labs’ Flow
    Next Article Ohhshiny is Promoting his own Grandma as “the Oldest Living NFT artist”
    Janelle Borg
    • Website

    Janelle is a freelance content writer with a passion for all things related to music, marketing and tech. She looks forward to bringing you more news relating to the fast-paced world of Crypto and NFTs from her home office in Brighton.

    More great NFT Evening content:

    Snoop Dogg Joins Forces with VeeFriends for Epic NFT Collaboration!

    April 24, 2023

    Own a Piece of Music History with Central Cee NFTs!

    April 18, 2023

    Own A Piece Of Music History With Gala Music’s David Bowie Inspired NFTs

    April 9, 2023

    Ticketmaster Launches NFT-Gated Ticket Sales With Avenged Sevenfold!

    March 29, 2023

    Sound.xyz Rolls Out Enhanced Mobile Experience for Music Creators

    March 27, 2023

    Avalanche Park x Ed Balloon Concert Series to Highlight NFT Musicians

    January 30, 2023

    AR Rahman Announces New Music NFT Metaverse KATRAAR

    January 12, 2023

    Meebits, WarpSound Team Up To Launch NFT Music Album For Holders

    December 27, 2022
    Latest NFT News

    Upcoming NFT Mints: May 26 – June 15

    May 26, 2023

    No Need to Sell Your NFTs! Binance NFT Launches New Loan Service for Instant Liquidity

    May 26, 2023

    Red Bull’s Doodle Art Program 2023 Set to Amaze with Vayner3 as Key Collaborator

    May 26, 2023

    Market Monopoly: Blur Claims 82% Share in NFT Lending, DappRadar Report Reveals

    May 26, 2023

    Magic Eden Launches Chapter 2: Here’s All You Need to Know

    May 26, 2023

    A0K1VERSE is Hacked, and ben.eth Reweets the Scammer

    May 26, 2023

    Sorare’s Game-Changing Move: French National Gaming Authority Helps Create Framework for French Players

    May 26, 2023

    My Neighbor Alice and ELLE Join Forces: Fashion Meets Gaming in Immersive Partnership

    May 26, 2023
    Get The FREE Exclusive Report
    CLICK HERE

    NFTevening is the biggest website for NFT news. We cover; breaking news, upcoming mints, plus, interviews with top NFT artists and projects. Put simply, we are the best place for new and experienced non-fungible token fans — making content fun & accessible

    Privacy policy
    Terms and conditions

    Article Categories
    • Blockchain games
    • Collectibles
    • Columns
    • Crypto Art
    • Guides
    • Interviews
    • Metaverse
    • Music
    • News
    • NFT Marketplaces and Tools
    • Sponsored Content
    • Top Blockchain Games
    • Top NFT Projects
    NFT Calendar
    • Today’s NFT Drops
    • Upcoming NFT Drops
    • Solana NFT Drops
    • NFT Calendar
    • NFT Calendar : Add Your NFT Event
    Get In Touch
    • Advertise (Media Kit)
    • Job Opportunities
    • About Us
    • Contact Us
    • Newsletter
    NFT Beginners Guides
    • How to Sell NFT Art
    • How to Create NFT Art
    • How to Display NFT Art
    • How To Make Passive Income With NFTs
    • Best Crypto Wallet
    • Best NFT Coins
    • Best NFT Rarity Tools
    • What is a DAO ?
    • What Are Crypto Gas Fees ?

    Type above and press Enter to search. Press Esc to cancel.