Fantagio Successfully Concludes 'Fantagio Music Hackathon' for NFT Business

[Asia Economy Reporter Hyungsoo Park] Comprehensive entertainment content company Fantagio announced on the 19th the final winning team of the 'Fantagio Music Hackathon' held for its NFT (Non-Fungible Token) business.

The final winning team selected through internal evaluation is 'Cookie Dogs.' 'Cookie Dogs' is a team formed by multinational composers and will receive a prize of 20 million KRW.

The song composed by the winning team 'Cookie Dogs' will be used as the debut track for the virtual singer 'Meta Idol,' the first NFT collection co-produced by Fantagio and Pellaz. It will also be utilized for music video production and other purposes.

The 'Fantagio Music Hackathon' was a music contest held from the 25th of last month, targeting artists worldwide. Many participants from countries interested in K-pop, such as Korea, the United States, Mexico, and Colombia, applied.

Fantagio is currently collaborating on an NFT project with Pellaz, a multi-chain platform aiming for 'Entertainment 3.0.' Entertainment 3.0 is a new level of entertainment business model pursued by Pellaz. It refers to a concept where entertainment companies, artists, and fans engage in various activities within the Web 3.0 ecosystem and the metaverse, creating new values that did not exist before.

A Fantagio representative said, "We have successfully completed Fantagio's first contest for the NFT business," adding, "The winning song will be released together with the NFT project."

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