NextEye Enters NFT Blockchain New Business... Partners with Cruise NFT Company Artlog

[Asia Economy Reporter Yoo Hyun-seok] NextEye announced on the 12th that it has signed a business agreement with Artlog to promote a new NFT (Non-Fungible Token) blockchain business.

Artlog is a cruise NFT company located at a riverside cafe near Hangang Park in Apgujeong-dong, Gangnam-gu, Seoul. It is currently preparing an NFT online market where digital artworks can be purchased, and plans to operate an exhibition hall within the riverside cafe, conduct promotions through celebrities, and run programs to discover new artists.

In particular, it plans to expand virtual space content such as VR (Virtual Reality) and AR (Augmented Reality) to create a metaverse-based online-offline linked exhibition space. Using a shared token that can be used within the cruise, bidders can view the artworks exhibited in the gallery and then check the artworks on the platform to participate in auctions. Through a simple transaction system, the service aims to quickly connect artists' revenue generation with customers' investments.

NextEye and Artlog have agreed to cooperate on technology development, manpower support, and platform development for the joint NFT blockchain business through the establishment of a joint venture.

A NextEye official stated, “Artlog, located in the third most frequented area in the entire Hangang Park, is situated in a place accessible to all age groups, so we expect the general public's curiosity about the NFT business we will promote together to increase further. As domestic and international large corporations are competing to invest in NFTs, our company will also discover new growth engines using NFTs starting with this cooperation.”

Meanwhile, the day before, NextEye announced that it decided to issue a 6th series anonymous secured private convertible bond (CB) worth 10 billion KRW and a 1st series anonymous unsecured private exchangeable bond (EB) worth 2.2 billion KRW. Both are intended for operating funds. The goal is to promote highly competitive new businesses based on the existing machine vision inspection equipment business and the Korea-China cosmetics business.

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