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Title: Block8 Accelerates Launch of Blockchain-Based NFT Platform FNHUB with a $25 Million Capital Commitment from LDA Capital

Gangnam-gu, Seoul, Korea South, 8th Mar 2024 - Innovative blockchain technology company Block8 has secured a $25 million capital commitment from the global investment group LDA Capital. LDA’s capital commitment will play a crucial role in enhancing Block8's global market accessibility strategy for its FNHUB Platform Block8 introduces a new investment model through the FNHUB Platform, bringing innovation to the OTT and film industries. This project initiates a novel approach by introducing a funding and revenue distribution mechanism for web dramas and web content. Utilizing NFT fractionalization technology through crowdfunding (enables global users to get) the opportunity to participate in funding content with the FON token. This approach is expected to significantly contribute to the global competitiveness of Korean contents (“K-contents”) by providing new revenue streams for investors and concentrating global funds on a single platform.)FNHUB Platform’s innovative use of NFTs and blockchain technology allows users to invest in content they love. FNHUB’s initial focus on media and entertainment allows the company to leverage strategic partnerships with the Miss Korea Beauty Contest and Artem Studio to take advantage of the momentum in K-pop and K-dramas. “This transaction signifies LDA's commitment to democratizing access to investments in asset classes which historically have only been available to institutional investors,” said Warren Baker, co-founder and managing partner of LDA Capital.Block8's "FNHUB" platform is a core part of the FNHUB Platform, providing an innovative way to manage and trade various financial assets with blockchain-based NFT technology and various real assets, including real estate, digital content, bonds, etc., within...

This press release is issued by King Newswire