Popsline has developed services allowing users to view animals and people in non-fungible token (NFT) files. Photo courtesy of Popsline

Smart contracts based on the C2E model proposed

South Korea’s extended reality (XR) company Popsline said on March 14 that it had developed services allowing users to view animals and people in non-fungible token (NFT) files.

Its affiliated company Metaversero will offer the new-concept services, which let folks enjoy the features without having to install a mobile application.

Popsline said that its customers would be able to summon monkeys, cats, bears, and people in digital files to three-dimensional augmented reality through a web browser.

In addition, they can share the content by sending a URL address to their friends or acquaintances, according to the Seoul-based startup.

To commemorate the beta opening of its new services, Popsline said that a limited edition of 1,000 Mcat NFTs would be released. They summon an artwork leaked to Japan during its invasion of Korea in the 1590s.

NFT is an emerging technology, which has gained attention across the world after Twitter CEO Jack Dorsey’s first tweet as an NFT sold at almost $3 million last year.

In a bid to represent ownership rights of unique items, a variety of segments are embracing the new technology, including digital art, sports, and game.

Popsline also plans to apply the create-to-earn (C2E) concept of making money under a smart contract under which users automatically mine tokens just by holding Mcat NFT.

Inspired by the play-to-earn (P2E) business model in the gaming industry, the C2E model refers to a platform that allows people to earn crypto rewards while playing games.

Included in the participants of the Popsline projects are Hong Il-hwa, an artist based in France and working in Europe and Korea, and Dahye, an artist with more than 125,000 young Instagram followers.

“With Metaversero, NFT goes beyond visible digital files and is a value that brings unique experiences and scarce benefits to NFT collectors by applying club membership and C2E,” said Ahn Ji-hyeon, an XR artist who is in charge of the Mcat project.

Hillary Lee studied literature in Seoul. Lee has big interests on various topics including IT, BT, business and finance. Lee can be reached at homin30@hanmail.net or 82-2-6956-6698.