[Special Stock] Galaxia Moneytree's NFT Platform Sells Out from the Start for Good Reason

[Asia Economy Reporter Hyungsoo Park] Galaxia Money Tree is showing strong performance. Amid growing expectations for the NFT (Non-Fungible Token) business, a positive outlook report from a securities firm appears to have influenced investor sentiment.

As of 10:48 AM on the 4th, Galaxia Money Tree is trading at 11,100 KRW, up 4.23% from the previous day.

Choi Jae-ho, a researcher at Hana Financial Investment, explained, "The core of an NFT platform is the content IP it holds," adding, "The higher the quality and rarity of the verified content IP, the greater the transaction volume."

He continued, "Growth is achieved through platform transaction volume," and added, "Galaxia Money Tree has secured IP by selecting famous works even before the launch of Meta Galaxia."

Furthermore, they plan to sequentially release various NFT works including luxury goods such as high-end brands and VIP accommodation vouchers featuring works by famous artists, emphasizing, "In the case of sports stars, it is understood that they hold the largest number of IPs among domestic NFT platforms."

Researcher Choi analyzed, "While domestic NFT platforms are limited to a single category, Galaxia Money Tree has the advantage of category diversity, allowing it to secure a wide range of customers," explaining that this is why the works sold out from the early days of the NFT platform launch.

He introduced, "They support Ethereum and Klay as payment methods," and added, "Early next year, Galaxia Money Tree plans to support its virtual asset Tol (XTL), Korean won, and general payments."

Additionally, he stated, "They collect a 10% commission on the price of works," and said, "Since they plan to support not only primary transactions but also secondary transactions between customers, they expect transaction volume growth through NFT artwork trading."

This content was produced with the assistance of AI translation services.