KT to Create Own NFTs Using Webtoons and Web Novels from StoryWiz

Beta Service Launch in March
Pre-Notification Application Event Until February 18

[Asia Economy Reporter Minyoung Cha] KT is creating its own Non-Fungible Tokens (NFTs) using web novel and webtoon content owned by its group company StoryWiz.

KT announced on the 8th that it will launch the 'KT NFT Beta Service (tentative name)' next month. Along with this, a pre-notification application event based on SMS will be held from the 8th to the 18th of this month.

Through the beta service, KT will issue NFTs of content directly produced and distributed by the KT Group. The first NFT issuance will utilize content from StoryWiz, a web novel and webtoon content company. The issued NFTs will be used as certificates proving fandom and as digital goods in the future.

KT is also operating a dedicated organization to promote blockchain-based businesses. This organization is responsible for businesses including NFTs, local currencies, DID (Decentralized Identifiers) citizen IDs, electronic document storage and distribution, and BaaS (Blockchain as a Service). Last month, KT signed a strategic partnership with Shinhan Bank for future growth digital transformation (DX) business cooperation.

In the future, to establish a digital asset business foundation, KT plans to consider partnerships and collaborations with BC Card, K-Bank, KT Alpha, blockchain specialized companies, and asset-holding companies.

Youngsik Kim, Executive Director of KT DX Platform Business Division, said, “NFTs are an important keyword driving digital innovation, but a virtuous ecosystem is essential for long-term industry growth. KT will lead the creation of the ecosystem based on the capabilities of the KT Group, which holds various assets.”

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