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Star X Ventures Makes a Strategic Funding in FSN-Handstudio’s NFT Undertaking Sunmiya Membership to Help Sunmiya Membership’s International Growth

Star X Ventures, a blockchain accelerator, introduced on April 18 that it could make a strategic funding in Sunmiya Membership, a PFP NFT challenge of FSN, a KOSDAQ listed firm. On April 14, Star X Ventures introduced the Sunmiya Membership partnership. By means of this strategic funding and partnership, Star X Ventures plans to actively assist Sunmiya Membership’s international growth efforts.

(Photograph : GLOBE NEWSWIRE)

READ ALSO: FellazSigns a Partnership Settlement With FSN-Hand Studio’s Sunmiya Membership Gearing As much as Broaden Its Group 
Star X Ventures, based mostly in Singapore, is a blockchain accelerator firm based by the previous managing associate Brian Han of Kakao’s blockchain subsidiary, who additionally served because the department supervisor of Chiliz Korea, a blockchain fintech unicorn. Zachary Keats, who served because the funding director of Floor X and is at the moment a enterprise investor of GS Group, additionally joined Star X Ventures as a enterprise workforce member, enabling a wider scope of affect within the international market. 
FSN and its subsidiary Handstudio launched the NFT challenge Sunmiya Membership, using Sunmi’s IP (mental property) as a Okay-pop artist in February by means of their blockchain analysis arm Finger Labs. Sunmiya Membership is the primary NFT challenge for a feminine Okay-pop artist and has change into a consultant NFT challenge in Korea, efficiently reaching a sellout at each launch. 
This funding is the primary funding Star X Ventures has made in an NFT challenge, and it’s the first case by which a home NFT challenge has attracted funding from a crypto fund. Star X Ventures is called an organization that gives multifaceted assist in accelerating blockchain tasks, starting from monetary funding to service planning, improvement, and advertising. Sunmiya Membership has lately begun laying the groundwork for international market penetration by advertising campaigns equivalent to placing Sunmiya Membership NFT on show in Instances Sq., New York. The 2 firms are anticipated to interact in a concerted effort to deliver additional international presence. 
Star X Ventures unveiled Fellaz, a web3 NFT platform for the following era of leisure enterprise. Coined as leisure 3.0, Fellaz goals to ascertain a web3 paradigm for the leisure enterprise the place new worth is created for creators and followers alike by incentivizing autonomous participation in constructing the model whereas permitting followers to have possession over the model entity as its stakeholders utilizing blockchain expertise and NFTs, particularly. FSN-Handstudio lately signed a partnership with Fellaz by means of Star X Ventures. Star X Ventures plans to collaborate with Sunmiya Membership in varied methods, together with designing and working the tokenomics inside the challenge ecosystem. 
Star X Ventures CEO Brian Han commented, “I’m delighted to announce this strategic funding in Sunmiya Membership, Korea’s main NFT challenge. Sunmiya Membership is already a high home challenge, and its status and impression are nicely verified by the efficiency at Opensea, the world’s largest NFT trade. At Star X Ventures, we plan to make use of our international community and sources to assist maximize Sunmiya Membership NFT’s potential and market presence.”
FSN CEO Lee Sang-Seok commented, “We now have a excessive expectation that Star X Ventures’ experience and know-how together with their international community will assist tremendously in taking Sunmiya Membership to the following degree. We plan to change into a pioneering challenge that leads the metaverse and blockchain ecosystem by means of the continued provision of holder advantages and challenge improvement down the street.” 
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