SINGAPORE, Dec. 09, 2022 (GLOBE NEWSWIRE) — This investment discussion was initiated in October this year during the meeting between FSN President Lee Sang-Seok and Fellaz CEO Bobby Bhatia during his visit to Korea.
Through this strategic investment, Fellaz will further establish its presence as a Web3 entertainment service provider, bringing together its technology and vision with FSN’s market-ready solutions and expertise in blockchain enterprise planning and operation based on market-dominant Web3 projects such as Sunmiya and commercial cooperation with named brands in the South Korean entertainment and commerce industry. The long-term collaboration will involve engaging in Web3-integrated IRL events, including developing NFT membership solutions, producing entertainment brands and IP to continue the expansion and tools within the Fellaz ecosystem.
As a blockchain technology partner, Innocus Global Group has invested in and strengthened cooperation with companies such as Nest in the UK, Leeway Hertz in India and SotaTek in Vietnam. With this investment, Fingerlabs will join Fellaz as a prominent technology partner, and Fellaz will strengthen its presence and expand its global reach by entering the Korean blockchain industry through Fingerlabs.
The two companies decided to build new NFT use cases in the culture industry with the Favorlet blockchain wallet developed by Fingerlabs as a means of storing and authenticating NFT memberships and tickets to the Fellaz-led global music festival scheduled for March next year. which will soon be announced this month.
Lee Sang-seok, CEO of FSN, commented on the investment, “We have always had a vision in mind to expand globally. Through Fellaz, a project that expands across Asia, starting with Singapore and Japan, we can finally achieve this the goal. We hope to create a great synergy between FSN’s blockchain operations and Fellaz through a number of collaborative projects along the way.”
Bobby Bhatia, CEO of Fellaz, said: “FSN is the best digital marketing company and Fingerlabs is the market-dominant pioneer in the Korean blockchain scene. Together with Fellaz, we hope to maximize the different strengths we each bring to the game. Together, we will have an unmatched influence in the blockchain industry, and by continuously optimizing our blockchain ecosystem, we will work to expand our community and token utility.”
Based in Singapore, Fellaz is a multi-chain Web3 entertainment ecosystem that provides content production and distribution for the metaverse, an NFT solution for artists, and a decentralized fandom community infrastructure. Alongside the network of global partners, Fellaz is a one-stop solution and ecosystem designed to help businesses, creators and fans transition into the Web3 entertainment space by taking the best of metaverse, decentralization and NFT blockchain technology and integrate them with original ones. content and Web3 diversification.
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