In trying to keep with NFT’s booming trend, the giant Animoca Brands continues to penetrate the Korean music marketplace with the ambition to increase its presence.
On November 15, Animoca Brands announced a partnership with prosperous Korean record label, talent management and music manufacturing firm Cube Entertainment, to develop a Metaverse universe solely for K-pop.
Animoca Brands and Cube Entertainment (@cubeunited) announced a joint venture for the objective of making a music #metaverse, and situation #NFT and ecosystem tokens primarily based on Cube Ent’s IP rights #POP KOREAN artists and musical actors.https://t.co/PUOFvrj9iU
– Animoca Brands (@animocabrands) November 15, 2021
The partnership will inspire Animoca Brands and Cube to operate collectively to make one of a kind NFTs that honor Cube’s roster of famed K-pop actors and musicians. The NFT will consist of photos this kind of as artist portraits and album covers.
Yat Siu, CEO of Animoca Brands, says he is seeking forward to commencing doing work with Cube to recognize the dream of the Metaverse in K-pop. Cube manages close to 50 K-pop artists, such as well-known bands and singers like BtoB, Pentagon, (G) I-DLE, and Lightsum.
Animoca is closely linked to a lot of milestones in the improvement of the NFT market. The highlight is the investment in Dapper Labs, the stepping stone behind the results of Axie Infinity (AXS) and the main publisher of the metaverse game The Sandbox (SAND) launched in 2018 on Ethereum. In early November 2021, The Sandbox raised an more $ 93 million to increase its platform.
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