FRI, MARCH 29, 2024
IPXHOP Co., Ltd. and Ubin Cultural Foundation signed a cooperation agreement to promote a joint project
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IPXHOP Co., Ltd. and Ubin Cultural Foundation signed a cooperation agreement to promote a joint project
  • weekly, walkintoKorea
  • 승인 2022.03.18 01:10
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Ubin Cultural Foundation and IPXHOP Co., Ltd. regularly host Andepandang Korea, expandability of art museum-related projects, and NFTization of visual artworks. Together with the discovery and management of artists, we decided to present a new paradigm in the IP transaction of visual arts.

Ubin Cultural Foundation / Piccadilly International Art Museum Chairman Lee Sun-sun and IPXHOP Chairman Jo Seong-Mok Co., Ltd. will jointly hold an Andepandang on the 7th floor of the IPXHOP head office in Eonju-ro, Gangnam-gu, Seoul on March 15, 2022, and to promote the development of Korean visual arts. While conducting domestic and international art-related exhibitions and planning events, business agreements for the promotion of joint projects for creative support such as the expansion of art business fields such as trust management and agency brokerage related to artwork copyrights, NFTization of works, and discovery and management of artists was concluded.

On the other hand, IPXHOP and Ubin Cultural Foundation share the same awareness about the right to repurchase art copyrights, and it is said that it was an opportunity to join forces in a joint project.

IPXHOP has already institutionalized the right to collect money in IP transactions, and the Ubin Cultural Foundation is taking the lead in legislating the right to collect money.

The right to repurchase is the right of an artist to claim a certain percentage of the sales revenue when an artwork is resold. It is recognized by more than 70 countries around the world. However, to date, very little has been achieved.

IPXHOP Co., Ltd. is a company with a lot of potential that is newly attracting attention by presenting a new model that changes the market landscape by combining the real economy and digital business. The country's only comprehensive IP (intellectual property) platform, IPXHOP, was opened in January and is rapidly changing the market landscape. IPXHOP has sound sources, visual artworks, character licenses, and patents. creative video. It is the only platform company at home and abroad that can trade IP products in all fields of intellectual property rights such as webtoons. Currently, investment is focused on sound sources, and in the future, we plan to expand the range of IP products with the opening of an NFT mall focusing on visual arts.

Ubin Cultural Foundation / Piccadilly International Art Museum has been carrying out various art-related projects such as art and cultural events, artist branding, artist management, and support for creative activities while planning exhibitions.

Through the agreement between the two companies, we plan a new NFT platform by branding it as a brand with regular support for IPXHOP Andepandang Korea, developing an NFT system for the global market, such as artist branding, work management, and exhibition, and promoting the necessary publicity in the world market. It is expected to contribute to raising the status of the leading group in the ART platform market through cooperation with global strategy consulting to secure users.

In particular, the Piccadilly International Art Museum of the Ubin Cultural Foundation is one of the ways to establish the international status of Korean artists. Brand registration, a solo exhibition of artist images on a large electronic display in downtown Seoul through Seoul Art Square, international cultural and art festival 'Andepandang KOREA', Korean Art Leaders Exhibition, Shanghai China International Art Fair, artist award art festival 'Piccadilly K-ART Prize', etc. It has been well received by many artists in the Korean art world.


For more information: 

IPXHOP: ipxhop.com


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