- Dunamu is launching this venture with BTS’s HYBE
- HYBE owns 35% of Levvels
- HYBE also manages TXT, Seventeen, etc.
Dunamu, the administrator of South Korea’s Upbit crypto trade, let nearby media know that Levvels, its Los Angeles-based joint endeavor laid out in May this year with HYBE Co., will begin administrations in the last 50% of this current year.
Dunamu began selecting staff in plan, the executives, improvement and security during the principal half of this current year to prepared the firm to send off administrations in the last half, as per nearby media reports.
Dunamu owns 65% of Levvels
The two organizations fixed the association in November last year with Dunamu contributing 700 billion Korean won (US$534 million) in HYBE values, who additionally contributed 500 billion won (US$382 million).
Dunamu and HYBE own 65% and 35% of Levvels, separately.
Other than its business relating to overhauling non-fungible tokens (NFT) and the Web3 space, explicit insights concerning the administrations presented by Levvels have not been revealed.
Dunamu has recently prodded beginning a NFT business in view of the licensed innovation of K-pop specialists, focusing on their fans.
South Korean amusement office HYBE oversees significant names in the K-popular music industry like BTS, TXT, Seventeen, and LE SSERAFIM.
More about BTS
BTS otherwise called the Bangtan Boys, is a South Korean teeny-bopper group shaped in 2010 and appearing in 2013 under Big Hit Entertainment.
The septet — comprising of individuals Jin, Suga, J-Hope, RM, Jimin, V, and Jungkook — co-composes and co-delivers quite their very own bit material. Initially a hip jump bunch, their melodic style has developed to consolidate a large number of kinds; their verses have frequently examined emotional well-being, the difficulties of young youth and transitioning, misfortune, the excursion towards self esteem, and independence.
Their work additionally every now and again references writing, reasoning and mental ideas, and incorporates an imaginary world storyline.
Subsequent to sending off in 2013 with their single collection 2 Cool 4 Skool, BTS separately delivered their most memorable Korean-language studio collection, Dark and Wild, and Japanese-language studio collection, Wake Up, in 2014.
The gathering’s second Korean studio collection, Wings (2016), was their first to sell 1,000,000 duplicates in South Korea. By 2017, BTS had crossed into the worldwide music market, driving the Korean wave into the United States and breaking a few deals records.
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