Fandom Foundation Signed MOU with IGNISVC for NFT Service

Seoul, Korea – Recently, IGNISVC, a blockchain venture capital, and the Fandom Foundation signed an MOU for CRTR, a project that connects creators and fandom. 

This MOU was signed for cooperation in business areas including NFTs and Metaverse, and through this partnership, the two companies will expand and stabilize the NFT marketplace and E-commerce within the CRTR platform. 

Fandom Foundation is planning to launch a mobile APP that generates a new revenue stream through various short-form video contents creators and users within the CRTR platform. The main business is ‘NFT Marketplace’, which supports creating NFT of contents, and ‘Creator Class Room’ that users can take know-how type of course from creators.

CRTR NFT Marketplace promotes the inflow of existing users of other platforms through connection with various content platform companies, and values personal content by creating those into NFTs. ‘Creator Class Room’ is a service that allows creators to share their skills through developing their lectures consisting of VOD Class, Live Class, and 1:1 Class. In addition, businesses provide other services including ‘Payment’, ‘E-commerce’, ‘All Creator View’, etc. to protect the rights of contents and meet the needs of users. 

IGNISVC joined hands with CRTR of Fandom Foundation, is a global accelerating company that has led to the success of famous projects such as Algorand, Kakao’s klaytn, and In particular, IGNISVC recently drew attention through the signing of a strategic partnership with TikTok, a global short-form platform company, for ‘NFT Marketplace, Metaverse, Virtual Content, and TikTok Shop Commerce’. 

Woo, Byung-Hyun, the CEO of IGNISVC, said, “In order to support the business of the Fandom Foundation’s CRTR business, we plan to support all of IGNISVC’s networks and infrastructure. We want to accelerate the CRTR of the Fandom Foundation in conjunction with the short-form platforms to establish a blockchain ecosystem for creators.” Through this agreement, IGNISVC will help the growth of CRTR as a strategic investor in Fandom Foundation’s CRTR.

Meanwhile, IGNISVC is expanding its global NFT infrastructure by developing NFT for creators and securing distribution channels through marketplaces through its recent partnership with TikTok.

SOURCE: Ignis VC Co., Ltd

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