What is NFT (non-replaceable token)? Mirae Asset also advances-Maeil Economy

The two companies plan to expand into digital asset businesses based on various real assets, including art works, intellectual property rights, and NFTs.

picture explanationThe two companies plan to expand into digital asset businesses based on various real assets, including art works, intellectual property rights, and NFTs.

Mirae Asset Fund Service signed a digital asset business agreement with blockchain startup’Peertech’. Together, the two companies plan to build an infrastructure for the digital asset market. For example, after valuation of a building, digital assets such as bitcoin are created and liquidated. Mirae Asset Fund Service provides office management services for the fund, such as providing standard prices for digital assets.

The two companies agreed to further expand the field to the digitized asset business of real assets such as artwork and non-replaceable tokens (NFTs).

NFT is one of the emerging new businesses in the digital asset industry in recent years. American DJ Blau’s NFT-based limited-edition album was sold at an auction for 13.2 billion won, while Elon Musk Tesla founder’s wife Grimes’ NFT art was sold for 6.5 billion won.

Park Jong-ho, CEO of Mirae Asset Fund Service said, “The digital asset and blockchain market is growing rapidly. As digital assets are expected to be traded a lot in the future, Mirae Asset Fund services will continue to make every effort to secure competitiveness.”

Seung-Hwan Han, CEO of Peertech, said, “It is becoming more and more practical to liquidate all services, products, and artworks in the world with asset value into digital assets. It is an opportunity to participate in financial innovation in line with this huge global trend, and we will actively pursue it.”

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