HYBE launches Ok-Pop NFT platform for followers of TOMORROW X TOGETHER, SEVENTEEN and extra through ‘LEVVELS’ JV

On Tuesday, October 4, we instructed you about among the steps HYBE is taking that trace at a technique to diversify its enterprise to be much less financially reliant on its flagship group BTS.

We requested if a significant growth into AI expertise might be subsequent on the agenda, following the information that the leisure big has reportedly acquired AI sound startup Supertone for 45 billion South Korea Gained (approx $31.75m at present alternate charges), having invested an preliminary USD $3.6 million within the agency final 12 months.

One other sector that HYBE is making a play for is NFTs.

In November final 12 months, HYBE threw appreciable weight behind the crypto craze through a three way partnership with Korean fintech agency Dunamu.

That strategic partnership noticed HYBE purchase what Korean information website Pulse Information reported on the time to be 861,400 shares in Dunamu for 500 billion South Korea received (approx. $421m).

Dunamu in the meantime, based on a regulatory submitting, acquired 2,302,570 shares in HYBE for 700 billion South Korea received ($590m).

HYBE and Dunamu now function a Los Angeles-based three way partnership firm known as LEVVELS, established in January 2022, to “advance the fandom expertise by leveraging blockchain expertise, together with Web3 and non-fungible tokens (NFTs)”.

LEVVELS simply launches a brand new Ok-pop collectibles platform known as MOMENTICA, described as a “flagship platform for fan-artist engagement constructed on sustainable blockchain expertise”.

On MOMENTICA, Ok-Pop followers will be capable to entry distinctive digital collectibles, known as ‘TAKE’, which exist in each picture and video codecs, and are solely accessible by this platform.

MOMENTICA’s pre-registration occasion promotion begins right now (Wednesday, October 5), the place followers of 5 celebrity Ok-Pop teams, together with SEVENTEEN, fromis_9, TOMORROW X TOGETHER, ENHYPEN and LE SSERAFIM, can get the primary digital collectibles from these teams without spending a dime.

LEVVELS says future updates will present “extra superior methods” for followers to commerce and personalize these collectibles and the official launch of the service will happen in mid-October.

“Ok-pop followers throughout the globe are recognized for his or her subtle use of expertise of their on a regular basis communication inside their fan communities.”

Ryan Jang, LEVVELS

“Ok-pop followers throughout the globe are recognized for his or her subtle use of expertise of their on a regular basis communication inside their fan communities,” mentioned Ryan Jang, COO of LEVVELS Inc.

“In celebration of their ardour, we’re excited to supply a brand new digital expertise that enhances how the fandom celebrates the very best moments of their favourite artists by expertise.

“Our goal is to all the time improve the fan expertise and we’ll proceed to replace and develop our companies whereas all the time sustaining a user-friendly and intuitive consumer interface (UI).”Music Enterprise Worldwide