Block8 Accelerates Launch of Blockchain-Based NFT Platform FNHUB with a $25 Million Capital Commitment from LDA Capital

Gangnam-gu, Seoul, Korea South, 8th Mar 2024 - Innovative blockchain technology company Block8 has secured a $25 million capital commitment from the global investment group LDA Capital. LDA’s capital commitment will play a crucial role in enhancing Block8's global market accessibility strategy for its FNHUB Platform 

Block8 introduces a new investment model through the FNHUB Platform, bringing innovation to the OTT and film industries. This project initiates a novel approach by introducing a funding and revenue distribution mechanism for web dramas and web content. Utilizing NFT fractionalization technology through crowdfunding (enables global users to get) the opportunity to participate in funding content with the FON token. This approach is expected to significantly contribute to the global competitiveness of Korean contents (“K-contents”) by providing new revenue streams for investors and concentrating global funds on a single platform.)

FNHUB Platform’s innovative use of NFTs and blockchain technology allows users to invest in content they love. FNHUB’s initial focus on media and entertainment allows the company to leverage strategic partnerships with the Miss Korea Beauty Contest and Artem Studio to take advantage of the momentum in K-pop and K-dramas. “This transaction signifies LDA's commitment to democratizing access to investments in asset classes which historically have only been available to institutional investors,” said Warren Baker, co-founder and managing partner of LDA Capital.

Block8's "FNHUB" platform is a core part of the FNHUB Platform, providing an innovative way to manage and trade various financial assets with blockchain-based NFT technology and various real assets, including real estate, digital content, bonds, etc., within the platform. Block8 aims to integrate global users through various contents, and LDA Capital’s investment will accelerate the upgrading of the FNHUB platform to secure global users and launch the new services soon. This investment expands the boundaries of Block8's technology within the financial industry and presents a significant opportunity for a new dimension of success.

About FNHUB 

FNHUB Platform is an NFT equity platform created for blockchain NFT-based management and transactions of financial assets such as stocks, bonds, and real estate. The FNHUB Platform is designed based on three principles to solve the problems of the existing platform system. The FON Token, which has a solid business model, is used to create valuable NFT issuance and existing NFTs. In addition, the user would be provided a convenient platform that can utilize NFT, DeFi, Token, etc., within one platform.

About LDA Capital

LDA Capital is a global alternative investment group with expertise in cross-border transactions worldwide. Our team has dedicated their careers to international & and cross-border opportunities, having collectively executed over 300 transactions in both the public and private middle markets across 43 countries with aggregate transaction values of over US$11 billion. 

For more information, please email: info@ldacap.com

 

Media Contact

Organization: BLOCK8

Contact Person: Choi Dong In

Website: https://www.inodream.io/

Email: Send Email

City: Gangnam-gu, Seoul

Country:Korea South

Release id:10304

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