REAPCHAIN signed a business agreement with the Korea Music Industry Association for NFT business cooperation.
LN Venture Group, a company specializing in blockchain development, announced on the 16th that it had signed a business agreement with the Korea Record Industry Association to promote an IP (intellectual property)-based non-fungible token (NFT) market platform project.
The signing ceremony held at the Korea Record Industry Association in Sangam-dong the day before was attended by major officials from both sides, including Lee Jung-han, CEO of LN Venture Group, and Lee Deok-yo, president of the Korean Record Industry Association.
This business agreement is to develop a variety of new businesses using NFT, such as NFTization of IP assets based on the mainnet of LN Venture Group’s affiliated private chain, provision of NFT metamafia platform, provision of neighboring rights to the owner’s NFT project album, and preparation of project revitalization plan. The two companies are actively cooperating for this purpose.
LN Venture Group is a specialized company that develops software based on blockchain technology. Based on the advanced technology of the affiliated private chain, it aims to implement a blockchain service that can be applied to real life.
CEO Jung-han Lee said, “Utilizing our blockchain technology, we
I am delighted to be able to introduce In the future, as well as the NFT business, we will emerge as a small but strong company leading the blockchain market.”
Chairman Deok-yo Lee said, “At a time when NFT technology is expanding to all fields, collaboration with LN Venture Group is significant. We will enhance our competitiveness by introducing differentiated services that utilize the strengths of both companies.”
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