<Anchor> This
is a friendly economic time.
Reporter Han Ji-yeon is also here today (the 10th).
I heard that NFT funds came out in relation to the presidential election?
<Reporter>
NFT is now being used here as 'Lee Jae-myung Fund', and when you make an investment, you are given an NFT image with a certificate of participation in this fund.
When I heard that NFT was used in a fund to raise election expenses, I thought that NFT is a trend these days.
You must have heard of NFT, but there are a lot of people who do not understand it, so I will explain.
NFT literally uses blockchain technology as an 'non-fungible token', but unlike other coins such as Bitcoin, each has a different value, meaning that it is made non-fungible.
For example, if I make a funny video and post it on social media, but people spread it around without revealing the source, later on, you won't know who this video is.
However, if you attach NFT to one of these videos, it becomes a digital certificate indicating ownership of 'This is real, this is mine'.
More easily, you can think of it as a certificate of registration right recorded on the block chain. Just like the actual registration certificate shows the address, owner, and sales history, NFT contains contents such as content title, creator, and original Internet address.
Anything that exists in the form of a digital file can be pasted with NFT, and pictures, photos, videos, music, and lectures are all possible.
This kind economic video you are watching now can also be made into a digital file and attached with NFT.
<Anchor>
That's right.
However, recently, NFT products have been on the rise.
Are you saying that it is profitable as well?
<Reporter>
That's right.
If the whole world was the Bitcoin craze last year, this year, NFTs can be said to be just emerging virtual assets.
Overseas, works with NFT are already sold for billions or tens of billions of won.
A few months ago, a video of actor Kang Dong-won working on woodworking was uploaded to YouTube, and it was very popular.
Later, these videos were split into 8-minute pieces and the full video was published by NFT, and it is said that they sold for up to 1 million won.
Even though Kang Dong-won can't have it, he has the ownership of this video.
In June of last year, a collection of poems by a Korean poet became the first domestic literary work to be auctioned off at an NFT auction.
In particular, it can be said that the fields of interest for NFTs are the arts, entertainment, and IT industries.
A domestic commercial gallery has also entered the digital art business using NFT.
In addition, the game industry is investing billions of won to strengthen the competitiveness of the NFT business.
Naver and Kakao are also said to be promoting the NFT business in earnest within this year.
The global NFT market is getting bigger and bigger, and it is expected to grow from $2.4 million in 2019 to $80 billion by 2025.
<Anchor>
Poetry collection of 9,000 won became 9 million won.
That's right.
If the profitability is this good, then should I make an investment?
<Reporter>
Because one photo or one painting that anyone can see on the Internet costs tens of billions of won.
Of course, there are also many evaluations that bubbles with NFT are attached.
There are a lot of perceptions such as “NFT is money just by brushing it” and “NFT is money”.
You should be wary of unconditionally investing just because you have NFTs.
Another problem can arise, with copyright issues.
Even if you buy NTF at a high price, only ownership is recognized, not copyright.
There are cases where NFTs were made and put up for auction without being the author, which caused a problem.
Be careful when buying.
Lastly, the purchase must be made on the NFT platform, and you cannot buy it just by looking at the thumbnails on the site.
In some cases, there is no original content, so you should check if it really exists.