A representative musical in Korea called ‘Jack the Ripper’ has auctioned off as a non-fungible token (NFT).

On Feb. 22, Arowana announced that they started selling props that are used in the musical ‘Jack the Ripper’ in Arowana NFT Marketplace through a partnership with the seller Loc Funding, P2P lending, and investment group.

The sale marks it as the first-ever NFT musical props auction in the NFT industry.

NFTs are digital tokens tied to assets, such as art and music, that can be bought, sold, and traded. It is then stored on a blockchain, a form of a digital ledger.

This ‘Jack the Ripper’ props NFT collections are consist of three items in total: Stage Costume, Sheet Music, and Script.

Contents Special Video Department of KBS Mediatech, broadcast graphic design group, directly participated in the design of the NFT and created high-quality digital art.

The winner of the auction will be receiving actual stage costumes, sheet music, and scripts used in the musical by the actor Um Ki-joon, who plays Daniel, along with the NFT.

“We had great success by selling tickets for Jack the Ripper performance in a form of NFT through NFT in the market, so we chose props that contain the work and the actor’s soul as follow-up content,” said Arowana official.

“We plan to focus on discovering and introducing unique NFTs that only the Arowana can create and provide in the future.” the official added.

About Arowana Project

The Arowana offers a decentralized intermediary platform that connects creators and buyers and the NFT market where only creators who have passed verification can sell.

Arowana also operates a Reliable-Digital Asset Platform (R-DAP) that provides services that can be issued, guaranteed, exchanged, and traded as digital assets by evaluating the value of in-kind assets. 

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