Blockchain incubator Star X Ventures introduced Fellaz, its foremost blockchain startup. One of Korea’s largest entertainment companies, Fantagio, is collaborating with a B2B NFT service and platform from Fellaz called “Fellaz.” Star X Ventures is a blockchain incubator formed by Brian Han, the CEO of Chiliz and Ground X, the promoter of Kakao’s worldwide public blockchain network Klaytn.
Star X Ventures was founded in February and immediately made a name for itself as a blockchain accelerator that offers active participation in ventures as well as financial investment. Fellaz, a Singapore-based blockchain startup, is Star X Ventures’ foremost international blockchain endeavor.
For corporate partners, Fellaz provides a full NFT solution from the bottom up, allowing media companies with a strong desire to join the NFT field to quickly discover and build a suitable NFT offering to enter the industry.
NFT is a non-fungible token (NFT) that, compared to the other two cryptos, has a digital certificate that prevents one NFT from being swapped for another, making it a useful asset for representing real-world items. NFTs are viewed as a critical innovation in the arts and entertainment industry, where legitimacy and evidence of possession convert to value, because of this feature.
It’s no coincidence that a slew of large local and international entertainment corporations are striving to advertise their products by forming alliances with blockchain groups.
Traditional media organizations who wish to join the market, nevertheless, confront extraordinarily high technical hurdles to entry given the complex nature of blockchains and the structure of the industry. This vacuum is filled by Fellaz as a remedy.
Fellaz is now developing an NFT initiative with Fantagio, a publicly traded South Korean entertainment conglomerate, as its initial partner. Fantagio is a complete multimedia firm that manages celebrities, produces music albums, and produces dramas. Ong Seong-wu, Im Hyun-seong, and idol teams like Astro and Weki Meki are among the most well-known actors and artists.
Star X Ventures CEO Brian Han stated, “Fellaz was one of our first initiatives at Star X Ventures, and we were involved not just as investors but also in the planning stages. We expect big things from Fellaz, and I am certain that, due to its distinctive status as a B2B leisure NFT launchpad, it will transform into a powerful early mover in the NFT field throughout the globe.”
In May, Fellaz’s first NFT series, made in collaboration with Fantagio, is scheduled to be released.
