[Star Daily News = Reporter Hwang Gyu-jun] MABC PTE LTD (CEO Lee Kun-yong, www.mabc.io), an NFT issuance and trading platform, is the KA Wave Factory LLC (CEO Kang Mo-rae), which is promoting the opening of a Hallyu museum in Glendale, near LA, announced on the 27th that they signed a memorandum of understanding (MOU) between the two companies at the MOU ceremony for the establishment of the Hallyu Museum held on the 3rd floor of Yongsan Summer Star on June 22, 2022, and decided to cooperate in establishing the museum and building contents.
KA Wave Factory is a company located in Los Angeles, California, USA. Currently, in Glendale, Korea, K-Pop and game contents, K-Culture contents, etc. We are in the process of establishing a museum.
The 'Hallyu Museum' is where KA Wave Factory exhibits Hallyu cultural contents, sells contents using related contents technology such as NFT, sells cultural products and Korean products related to Korean culture, and operates additional businesses such as operating a booth to promote Korean products. space is planned.
Through this memorandum of understanding, MABC plans to provide services such as NFT conversion of digital content displayed in the museum and linkage with its own NFT trading platform by utilizing the company's NFT art content production technology. Through this, it is expected to expand the base of content creators and expand the content market through the discovery of various cultural contents in Korea and digitalization of contents.
In addition, it plans to prepare a fund and education system to provide practical support to content creators through special exhibitions and fund events for Hallyu cultural content creators in cooperation with KA Wave Factory, and donation of a portion of NFT sales.
Through this MOU, MABC will secure an opportunity to directly service its NFT-related technology and content production base through its partners in the United States, and at the same time provide services through connection with the metaverse-based art platform that is currently being built. It is also expected to spread.
Meanwhile, MABC recently listed MABC tokens, which can be used for NFT and Metaverse platforms, on LBANK, a global exchange.
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