Dunamu looks to K-pop group BTS NFTs to beat ‘Crypto Winter’

NFT

Dunamu Inc., the mom firm of South Korea’s largest crypto trade Upbit, will focus its future endeavors on Levvels, its Los Angeles-based non-fungible token (NFT) three way partnership with Hybe Co., Ltd., the leisure company behind Ok-pop group BTS.

See associated article: Dunamu’s NFT enterprise with BTS’s HYBE to launch companies later this yr

Quick details

• Track Chi-hyung, the founder and chairman of Dunamu, stated at Thursday’s Upbit Developer Convention 2022 (UDC 2022) occasion that Dunamu will strengthen and drive its enterprise ahead with three core companies: Upbit crypto trade, Upbit NFT trade and Levvels. 

• Track added that the driving pressure to beat the “Crypto Winter” is totally different purposes of blockchain and crypto reminiscent of decentralized finance (DeFi), NFTs and play-to-earn (P2E), in keeping with native media experiences.

• Lee Sir-goo, Dunamu’s chief government officer, additionally stated on the identical occasion that he’s most invested within the launch of Levvels; Lee sees Levvels as a chance for Dunamu to increase abroad.

• Levvels is anticipated to supply companies associated to NFTs based mostly on the mental property (IP) of Ok-pop artists. HYBE at the moment manages high-profile Ok-pop acts reminiscent of BTS, Le Sserafim and ENHYPEN.

• Dunamu and HYBE personal 65% and 35% of Levvels, respectively.

See associated article: Naver and LINE launch NFT platform for Ok-pop followers