SEOUL, South Korea–(BUSINESS WIRE)–On October 5th, GSR, a top global crypto fund and globally recognized market maker, confirmed its investment in MetaBeat, a web3 music NFT and SocialFi platform.
Earlier this month, Global Blockchain Innovative Capital (GBIC) also joined the notable list of investors for MetaBeat which includes names such as NGC Ventures, KuCoin Labs, AC Capital, Nexus One, Finngram, BCi, Alchemic, Alphanonce and DigiFinex. GBIC is the global blockchain investment company behind more than 50 notable blockchain projects, including but not limited to Aelf, Cortex, Thunder Token, Oasis, DATA, IoT Chain and many more.
GSR is proud to be one of the world’s top crypto funds and leading blockchain investors. With its exceptional market-making reputation in cryptocurrency, it is a leading trading firm in the cryptocurrency ecosystem, investing in more than 70 projects.
To strengthen its presence in the global Polygon blockchain protocol, MetaBeat has also aligned itself in a collaborative environment with Polygon Studios. This collaboration expands and revitalizes MetaBeat’s ecosystem and vast network of communities, as well as promotes an active and powerful influx of fandoms into the Web3 realm.
With the recent addition of these investors and partners, MetaBeat is moving towards its long-awaited platform launch, as well as its management token, $BEAT, listing in October.
In September, MetaBeat’s $BEAT token public sale on PolkaFoundry’s Red Kite, a top global IDO platform, and Cobak, South Korea’s largest community and leading IDO platform, sold out with overwhelming demand, while Tokensoft and Kommunita’s IDOs remain ongoing but will soon end. .
Stephanie Kim, CEO of MetaBeat, said: “The motivation to invest in MetaBeat, by top domestic and foreign investors, means that MetaBeat’s unique Web3-based business model has been recognized and highlighted. Based on this, we will create various pleasant services on MetaBeat for the global fandoms to expand into a Web 3.0 ecosystem.”
MetaBeat is a fan community platform powered by music IP-backed NFTs and rewards fans’ contributions. It is a ‘NFTFI’, NFT + SOCIALFI platform. MetaBeat’s Community NFTs are backed by real assets and music IPs owned by MetaBeat. By securing strategic partnerships with nine Korean entertainment companies such as RBW, Content X, WM Entertainment, DSP Media, Studio Jamm, Woori Net, TR Entertainment, Beats Entertainment and J-Storm, MetaBeat has access to a pool of 4,000 music IPs . Also, through platform services, users can participate in fun challenges, community privileges and events for their favorite KPOP artists.
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