Galaxia Metaverse Collaborates with Woollim Entertainment on K-pop Artist NFT Business

[Asia Economy Reporter Yoo Hyun-seok] Galaxia Moneytree's blockchain-specialized subsidiary, Galaxia Metaverse, announced on the 10th that it has signed a Memorandum of Understanding (MOU) with global comprehensive entertainment company Woollim Entertainment for a non-fungible token (NFT) business. This move shows acceleration in securing content IP (intellectual property) to be utilized in the NFT business it entered earlier this year.

Through this MOU, Woollim Entertainment, which has entered the NFT business, houses top K-pop stars such as Infinite, Lovelyz, Golden Child, Rocket Punch, and DRIPPIN. It is expected that a wider and more diverse range of K-content NFT products will be developed through various artists.

A representative from Galaxia Metaverse stated, “The NFT platform currently being developed by Galaxia Metaverse is scheduled to launch in November,” adding, “With the platform launch, we will present various NFTs, goods, and other products of top domestic K-pop artists to fans.”

They continued, “Based on the cooperative relationship with Woollim Entertainment, we will accelerate the acquisition of K-content,” emphasizing, “We aim to secure a leading position in NFTs in the sports, entertainment, and digital art sectors currently acquired, and will continue to expand the NFT content field in the future.”

Meanwhile, the company is currently in discussions with companies in various fields such as gaming, leisure, and culture to secure IP. Their strategy is to lead the global NFT market based on fintech and blockchain technology competitiveness.

This content was produced with the assistance of AI translation services.