[Public Announcement+] HYBE Forms Strategic Partnership with Dunamu... Enters NFT Market
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[Asia Economy Reporter Minji Lee] HYBE and Dunamu announced on the 4th that they have formed a strategic partnership to enter the non-fungible token (NFT) business.
On the same day, HYBE revealed that it received a 700 billion KRW investment from Dunamu through a third-party allotment paid-in capital increase, and simultaneously established a partnership by investing approximately 500 billion KRW in Dunamu through the same method. As a result, HYBE will acquire 2.48% of Dunamu's shares.
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A HYBE representative stated, “We will jointly promote a new fandom-based business combining artist IP and NFTs by establishing a joint venture with Dunamu.” NFTs refer to virtual currencies that record ownership of digital assets with scarcity using blockchain technology.
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