Boy band ACE drop first K-pop NFT merchandise collaboration, but fans aren't happy — here's what has them upset

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Fans of K-pop group ACE were upset to learn this week that the band would be launching an NFT trading card merchandise collection, saying it could be bad for the environment.
On April 19, The Worldwide Asset eXchange (WAX), announced it had teamed up with K-NFT, a new company set up to bring NFTs (non-fungible tokens) to the K-pop realm, to release digital collectibles starring the members of ACE, a boy band active since 2017.
However, many of the band’s fans, known collectively as Choice, were unhappy about the NFTs’ launch and ACE’s collaboration with the crypto merchant WAX.
An NFT is a unique digital asset that has its own blockchain -based signature that allows anyone to verify its authenticity and ownership. A digital record of the asset is saved on blockchain ledgers that can be read by any individual looking to find out its owner.

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