Yasushi Akimoto, a Japanese music producer with a profitable observe document of selling lady teams AKB48 and Nogizaka46, is leaping right into a J-pop metaverse venture with native crypto firm Overs Co. Ltd.
Akimoto will function the overall producer of the venture that can launch a brand new idol band on the digital platform in 2023.
Whereas particulars relating to the brand new J-pop band is but to be revealed, Overs introduced that the metaverse will likely be financed via an preliminary change providing (IEO), the place an organization sells new cryptocurrencies via a longtime change to lift funds.
Overs will implement the IEO early subsequent yr and the metaverse idol group is deliberate to debut in winter of 2023.
In an earlier press launch previous to Akimoto’s becoming a member of, Overs defined that the metaverse band will fulfill conventional actions as an idol group resembling releasing music and holding live shows whereas using blockchain expertise and non-fungible tokens (NFTs) to interact with followers.
Japan’s main producer and lyricist Akimoto has offered over 100 million copies globally in his 40-year musical profession, the largest hits being a collection of lady bands recognized for his or her perky idea and having 40+ members.
The nation wealthy with mental property (IP) is not any stranger to simulated musical acts. A holographic artist generated by a voice synthesizer named Hatsune Miku stays one of the vital influential acts in Japan.
In the meantime, neighboring South Korea’s music scene is already closely invested within the metaverse.
The self-proclaimed “metaverse Okay-pop lady group” Aespa, which has 4 human members with 4 CGI counterparts, had their newest launch turn into the best-selling album by a feminine group within the historical past of Korean music.
HYBE Co., Ltd., the leisure company for BTS, has launched a Los Angeles-based three way partnership with Dunamu, which operates South Korea’s Upbit crypto change. The three way partnership, named Levvels, plans to service NFT and metaverse providers that make the most of Okay-pop IPs.
Different varied industries in Japan seem desperate to merge their merchandise with the metaverse and digital expertise. Gaming large Nintendo’s president mentioned earlier this yr that the metaverse is “of curiosity,” whereas domestically dominant cellular provider NTT Docomo introduced plans to supply providers within the metaverse within the close to future.