Softec Corporation Signs Development Contract with FXGear for 'LOTT Token, NFT, Blockchain, Metaverse'

[Asia Economy Reporter Lee Jung-yoon] Softec Corporation announced on the 2nd that it has signed a development contract with FXGear, a domestic CG software and augmented reality (AR), virtual reality (VR), and mixed reality (XR) specialized company, for the LOTT token, NFT (non-fungible token), blockchain, and metaverse platform business.

Through this contract, FXGear will primarily be responsible for content production and platform and solution development related to the "LOTT Project" business.

Softec Corporation, established in Singapore, is developing the blockchain-based platform LOTT Project in collaboration with Beauty Bakery. They are promoting projects in the medical field such as virtual hospitals and digital human doctors, as well as beauty metaverse projects including K-POP sports star NFTs, virtual showrooms, and AR-based virtual makeup.

The LOTT Project is a platform that uses NFT content linked to K-beauty, K-POP products, and various other fields, utilizing a blockchain-based payment system with LOTT tokens as the payment method. LOTT tokens will be used not only on the LOTT platform but also as a payment method within the connected metaverse ecosystem, and in the future, they are expected to be used in external offline stores through partnerships.

Meanwhile, FXGear is intensifying its metaverse business through its digital human business and plans to launch the digital idol service "Narang" in April. They will implement digital idols of Rowoon from the idol group SF9 and Dohyun from BAE173 for the service.

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