Crypto.com and Fantagio Sign a MoU for Collaboration in NFTs

Crypto.com, the world's fastest growing cryptocurrency platform, announced that it has signed a MoU with general entertainment company Fantagio for collaboration in NFTs. Through this partnership, the two companies will cooperate in promoting various NFT projects in the entertainment sector.

As their first collaborative project, the companies will introduce a music NFT in recognition of metaverse idol 'Meta Miu'. 'Meta Miu', a project co-developed by Fantagio and Web3 entertainment platform Fellaz, is a female solo K-pop artist working in the metaverse. 'Meta Miu' will be managed based on a participant-centered fandom community within the Fellaz platform, and members who have obtained subscriptions on the platform through NFTs will have the right to access exclusive content.

Crypto.com will drop five music NFTs of Miu's debut song 'Uptown Boy' on its NFT marketplace on August 11. Four types of the NFT will contain different parts of the song and only one type will contain the full song. Holders who hold the full song version NFT, or have collected all separate parts of the full song NFT, will obtain the Fellaz 'light stick', which is the subscription to the Fellaz platform, and gain access to their exclusive content.

"Through this MoU, we want to introduce a new fandom culture for the Web3 era, where fans and artists can be directly connected through NFT," said Patrick Yoon, General Manager of Crypto.com Korea. "We will collaborate with Fantagio to discover new ways for fans around the world to experience K-content."

"I'm very happy to announce the launch of the Meta Miu project, which we have co-developed with Fellaz," said Sean, Head of Fantagio's New Business department. "Our partnership with Fellaz and Crypto.com is a great opportunity for Fantagio to experience the new market of Web3 fandom."

"This is a fantastic opportunity to introduce the world to the debut song of Meta Miu, which we have produced with Fantagio," said Fellaz CEO Bobby Bhatia. "Beginning with the drop of the Meta Miu NFT on Crypto.com, we will showcase one-by-one the blueprint for the next-generation entertainment business that Fellaz is planning."