South Korean telecom giant LGU+ is moving deeper into the NFT space
LGU+one of South Korea’s largest telecom firms, will issue a new batch of non-fungible tokens (NFTs) next month – as it looks to move further into the crypto and blockchain sectors.
Per Money Today and Chosun Ilbo, the firm – part of LG business empire – will release a new collection featuring the Moono octopus-like animated character. The first collection, released in May, sold out in just 2 seconds when it was released on Open sea platform, via Cocoa-stapled Klaytn blockchain.
The first collection featured Moono characters shown enjoying each day of the week, and saw 200 tokens distributed. The second collection will be much larger, with 1000 tokens issued. These will feature Moono office workers and their “shifting emotions” during the “work week”, the company stated.
The firm added that all klay (KLAY) tokens it received from the sale would be donated to charity. The firm will retain 100 of the new NFTs for “marketing purposes” and will sell the remaining 900 new NFTs during two sales to be held on September 5. The first sale period will take place from 19:00 to 21:00, where 300 NFTs will be sold, with the last 600 pieces sold from 22.00 to midnight.
The company also added that buyers of five tokens would be able to claim more tickets Legoland theme park, with anyone who completes a set eligible to claim a Moono toy.
LGU+ added that it will expand its NFT-related business in the coming months and announced that it will soon reveal details of collaboration with the masterminds behind the popular Kalytn blockchain NFT collections Shy ghost beat and Animal punks.
LGU+ is a member of Klatyn’s management board, together with two other LG companies: LG Electronics and LG International.
As previously reported, domestic media have also suggested that LG, which has been piloting a number of crypto-related solutions for several years, may be planning its own token launch. SKas owner SK Telecom – LGU+’s biggest rival – has already announced that it will launch a coin before the end of the year via its The SK square subsidiary.
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Learn more:
– Samsung and LG may follow SK in issuing a crypto asset – Analysts
– What Happened to the Pioneers as Solana Plans Its Own Blockchain Phone?
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– South Korea’s Shinhan, LG CNS unveils CBDC platform
– Samsung and LG “Pursuing Business with Major International Crypto Players”
– LG Pilot’s facial recognition powered “Digital Token” payment platform
