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MetaBeat enters Global Market in Strategic Alliance with NFT

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MetaBeat enters Global Market in Strategic Alliance with NFT

August 12
18:57 2022

● MetaBeat to distribute NFTs to Global users through NFT

● MetaBeat has established F2E, a new fandom ecosystem

● MetaBeat to contribute to the growth of the K-POP industry with various global partners

(▲ MetaBeat signed an MOU with NFT, a global virtual asset exchange / photo by MetaBeat)

MetaBeat, a music content NFT platform, is entering the global market through a strategic partnership with NFT, a global virtual asset exchange.

MetaBeat announced, on August 9, 2022, that it will release its first NFT collection through the global virtual asset exchange, NFT.

Starting with this strategic partnership with NFT, MetaBeat plans to continue securing partnerships with various domestic and global platform companies. Simultaneously, MetaBeat will continue introducing NFTs containing various rewards with its own Fan To Earn (F2E) functions for K-POP fandom users.

In particular, Special Edition NFTs, will include services containing perks and benefits, hosted by MetaBeat, such as various collectable items and airdrops.

For its platform, MetaBeat has developed its own FANomance (FAN + PERFORMANCE) Index using blockchain technology to extract quantitative and qualitative indicators of the influence of music content IP and fan activities to encourage artists and fandoms to participate. 

MetaBeat will actively support the South Korean entertainment industry’s entry into the global market through its own F2E system by establishing various compensation policies accordingly. NFT, which joins MetaBeat as a global partner, was established in 2016 and operates a vast, global virtual asset exchange with more than 4,000 executives and employees around the world, and is fostering the virtual asset industry along with the operation of its own blockchain network, Cronos.

Stephanie Kim, CEO of MetaBeat, said, “Through this liaison being created with NFT, we are developing an opportunity to explore the infinite possibilities of creative NFT industries for users around the world, and present a new business model accordingly.”

Meanwhile, MetaBeat announced in July that it signed a strategic partnership for joint projects with nine companies, including RBW, including ONEUS, OH MY GIRL, and MAMAMOO, including Woori-Net, Content X, Studio Jam, WM Entertainment, DSP Media, TR Entertainment, Beats Entertainment, and J Storm, and announced its global music content NFT platform business.

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Country: South Korea