DYD Acquires Metaverse Platform Company IDND... "Entering Metaverse Real Estate Business"

[Asia Economy Reporter Yoo Hyun-seok] DYD, a KOSDAQ-listed company, announced on the 17th that it has acquired IDND, a blockchain CAD platform service specialist.

IDND operates Millimeter (MM), a blockchain-based industrial design trading platform, and has listed the virtual asset token Millimeter (MM) on virtual asset exchanges such as Bithumb, Gate.io, and MEXC.

IDND converts various industrial blueprints, including 3D printing, education, and clothing design, into NFTs. Applying NFT technology to the industrial blueprint sector, which suffers from frequent intellectual property (IP) infringement, improves IP protection, ease of trading and management, and convenience. The company also explained that creating 3D architectural blueprints as NFTs enables their use on metaverse platforms.

Through this acquisition, DYD plans to enter the NFT (non-fungible token)-based virtual real estate market. By converting architectural blueprints into NFTs to protect intellectual property rights, it will showcase theme park design sales, virtual housing, performance halls, and interior props on metaverse real estate platforms.

A DYD representative stated, "Interest in the metaverse real estate market is rapidly increasing in the global NFT market," adding, "Together with IDND, we will provide real estate NFT services covering everything from general interior design to professional construction blueprints to platform users, leading the way in securing a foothold in the metaverse real estate market."

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