X-Widget, first pilot operation of ‘Contest NFT’ in March, a direct collector participation method

X-Widget (CEO Kim Seong-woon), which is about to officially launch the NFT platform 'NCOP (NFT Contest Market Own Your Pick) service in June, will hold the 'Contest NFT' in March in which collectors who collect digital art collections directly participate. He said he was doing a trial run.

'Contest NFT' is a method in which collectors are directly involved from the work selection stage along with a group of experts such as artists participating in the platform. explanation.

Sungwoon Kim, CEO of X-Widget, said, “The NFT digital art market, which has an ecosystem similar to the traditional art market, is a structure that allows artists and collectors to communicate directly at a much lower rate than the fees in the existing market.” Unlike when it was difficult to provide an answer to value evaluation, 'community evaluation' itself can create value as the community directly participates in the selection of works.”

“We plan to set a theme based on the interest of the community and continue to hold an entry contest based on this,” he said. It will bring participation,” he said.

According to the company, in the future, Encop plans to focus on services by assigning only necessary roles to the platform, such as minimum filtering and legal review required for selecting works. The selection and minting of works for the 'Contest NFT' pilot service will be completed in the second week of March, and the pilot service will be launched this month.