Dunamu looks to K-pop group BTS NFTs to beat ‘Crypto Winter’
NFT
forkast.information
23 September 2022 07:56, UTC
Studying time: ~2 m
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