Coronavirus pandemic-mitigating lockdowns and government-imposed limits on social contact are serving to to spur the spectacular development of blockchain-powered leisure apps in South Korea – with token-driven karaoke, film platforms and extra.
According to Fn Information, the blockchain-based app Somesing has surpassed 400,000 customers – greater than doubling its person base previously six months. Personal singing rooms, named noraebang in Korean, are exceptionally well-liked within the nation – the place teams of mates and workmates congregate after work to let off steam.
However gatherings of greater than 5 individuals have been outlawed within the nation and venues similar to noraebang have been ordered to shut in an try and cease the unfold of the virus. Per Mael Kyungjae, singing rooms have been one of many greatest enterprise casualties of the disaster – with a minimum of 2,137 noraebang companies folding nationwide in consequence.
Nonetheless, South Koreans have apparently misplaced none of their fervor for karaoke, and Somesing has capitalized, that includes on main TV networks’ information broadcasts.
The platform permits newbie vocalists to sing alongside to their favourite tunes and add their efforts by way of a smartphone app. Extra energetic customers and singers who carry out properly can hope to obtain blockchain-powered token rewards from fellow customers, who can select to ship cash as presents to their mates and fellow customers.
The identical media outlet additionally studies that Milk, a travel-based blockchain platform that had simply over 110,000 customers in October final 12 months has greater than doubled its usership within the final three months. The platform makes use of a token that can be utilized to purchase books, and will also be exchanged for vouchers on the division retailer big and e-commerce outlet Shinsaegae.
The Milk token will also be swapped for cash operated by Yanolja, a blockchain and crypto-keen journey unicorn that has additionally thrived regardless of the well being disaster.
Whereas large-scale business journey and abroad holidays are nonetheless very a lot off the playing cards for South Koreans, many are searching for to make lower-key household getaways to home areas, renting out non-public pensions – and are making use of Yanolja coin, in addition to Milk and its token, to safe their bookings.
And whereas cinemas stay closed, movie-goers are turning to a service named MovieBloc, which permits filmmakers to showcase their work, and in addition allows customers to earn tokens by writing evaluations, score movies or offering captions. The venture’s MovieBloc Token is listed on main home crypto exchanges similar to Bithumb.
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