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This product is 100% authentic. GD showcased two colors of the hat: black and red.It was a limited edition of 700 pieces, personally gifted by GD to fans who attended the recording of that broadcast. This color was never officially released or sold on any retail site. These are items that were put on the market by fans who attended the show.
The black version, on the other hand, was released as a limited edition on GD's official sales platform exclusively for fan club membership holders on the 18th Feb.Therefore, both colors are official products. In fact, the red color is even more valuable due to its rarity.