Beginning of Open Architecture Entertainment - TOKEN2049 Dubai 2024

hello everyone uh this is Joseph and I'm a co-founder of mod house uh mod house is a K-pop agency entertainment uh company that wants to be a a game changer using blockchain technology so I co-funded my uh this uh mod house with uh Jaden Jaden has 25 years of experience in uh as a K-pop producer and I started my career at Bane as a consultant and this is my third time starting an operating b2c stup business and when we uh introduce ourself uh to to the uh public we we think we say that uh we are entertainment company and also a platform company because uh 30% of our uh revenue is generated from the platform side so now we have two artists uh triples and emis um triples they uh performed at the main stage today and uh they started from the zero with with this system and arist their former members of Luna and uh after they finished their contract with the uh former agency they had a exclusive contract with this so this is the simple uh system of Trip s they have a subunit system uh they have 24 members but only the members will be selected by fans boot can participate in the next album production so in this way we produce Five albums within within a year and in terms of nft we adopted nft in for car format which is familiar to kPa fans so forar is a kind of merchandise that kPa fans like to collect and uh trade so the secondary Market is huge and we focused on that uh that uh point for this item and we adopted nft in for car format compared to other nft projects uh we have unlimited Supply and we sell it at fixed price which is $3 for uh dig and $4 for physical and we also sell it at the convenience store and e-commerce site so uh the main thing we focused on is was the mass adoption so more fans buy nft they can have more chance to participate in the votes and the album which was produced by the res of the vote the success rate will be higher so we focused on the mass adoption so this is how it works uh if you meant one nft it's years 721 and you can also have a utility token which is s20 and it's non-transferable so if you use it for vote it disappears but uh if you want to participate in the more uh voting events you can have more nfts to participate and all these things happen in our application Cosmo you can uh access to the contents you can collect and trade nfts you can participate in the vots and this is the uh data highlight of the customer application within one and half year we have about 126k users and number of nfts M is 2.1 million which is one of the uh largest number of nfts minted in polygon Network and about 45% of the nft were uh purchased by users and the other 55% was given as a reward so uh you can also get nft when you participate in the marketing events or offline events um the cumulative revenue from minting nft is about 2.4 million but uh among them 44% of the re Revenue was generated from US and Canada and 38% from Asia Korea only counts for 11% so 89% of our revenue is from outside of uh now we have uh more than 120k and the monthly sales was uh 390k uh last last uh February and we have averaged about uh 250k for uh monthly nft sales with these nfts we had uh voting events you can select unit members you can select title song of next album um you can choose your own Phantom name as well and you can also give Awards to the members who who you like by participating the uh voting events and so far we have uh 1 million 1.5 million uh utility token burned for uh voting events and within within our year we released Five albums and the physical album cells is more than uh 21k and thanks to those efforts we received awards from uh mnet Asia music award as the best new female artist and also from the brand of the year and Hunter Music Awards we were selected as a l of the year so this is one of the uh differentiation point that we choose as a entertainment company cuz there are a lot of K-pop Idols the competition is very Fierce and we wanted to have some differentiation point which was uh contents so most of the uh K-pop expertise they said the K-pop Idol success was because of the cont quality and quantity of the contents they produce and we wanted to maximize this so uh so far we have uh 1 .4k videos on our YouTube channel and now we have about 2.

3 million subscribers in our YouTube channel and cumulative views are over uh 360 million uh we think this is the PC of what we ultimately want to do um the decentralization of producing K-pop Idol but for phase two we wanted to invite other IPS external IPS to our platform uh it can be a real Idol or it can be a virtual Idol but we want it to we want to expand our platform business and for uh phase three uh open platform which we ultimately want to do is uh LinkedIn or kickstar of K-pop so all the trainees from other agency or uh individual talents who want to be a next K-pop Star they can upload their video on our platform and uh governance token holders can state their token to the members want to see as a next Triple as members or next K-pop store so that is the uh open platform that we pursue and um yeah this is the brief introduction of what we what mod house is doing thank you