South Korea’s SEOUL on April 10, 2023, Following a Singapore-based investment company in December of last year by completing Series A, Fingerlabs, a subsidiary of KOSDAQ-listed FSN (214270), garnered further investment from ‘Wemade Play’ and venture capital (VC) with strong competence in gaming and metaverse.
Fingerlabs attracted investments from significant blockchain and gaming firms and parent company FSN, which participated in the paid-in capital raise. The company also wants to optimize synergy with investors.
The growth of Fingerlabs’ NFT project and platform business has accelerated due to this investor attraction. Fingerlabs is now establishing and running NFT initiatives including “Sunmiya Club,” “Happier Town,” “Smile Miya Club,” and “Anipang Supporter Club,” as well as creating brand-new NFT projects in collaboration with significant domestic corporations.
Fingerlabs also operates NFT platform businesses, such as the NFT marketplace “Xclusive” and the NFT-only wallet “FAVORLET.” This investment attraction is anticipated to significantly aid in the expansion of its firm as it prepares a variety of offerings.
Fingerlabs is anticipated to develop strategic synergy with its Series A investors, including businesses globally competitive in the blockchain, gaming, and metaverse areas.
The Singapore-based investment company that made the initial Series A investment runs the worldwide blockchain platform “Fellaz” and has already worked on several projects with Fingerlabs. According to an example from Ultra Abu Dhabi 2023, Fellaz oversaw NFT ticket sales. Fingerlabs launched Ultra Abu Dhabi’s first NFT ticket project with the help of its platforms Xclusive and FAVORLET.
Given the time commitment, Wemade Play anticipates working closely with Fingerlabs in the gaming and metaverse industries. The NFT initiative Anipang Supporter Club, which the two businesses are now creating and running, is demonstrating its competitiveness in the international market.
In addition, additional types of blockchain collaboration outside of NFTs are intended to be done as both organizations build their ecosystems based on “Favor” and “Wemix.” Because they have a lot of expertise developing different game and metaverse funds with major domestic game firms, the VC companies that participated in the investment together with WeMade Play are also anticipated to assist Fingerlabs in expanding the NFT sector into games and metaverses.
Dong-hoon “Despite the challenging capital market climate, Fingerlabs’ worldwide blockchain competitiveness was acknowledged, and we successfully concluded Series A,” stated Kim, the CEO of Fingerlabs. It will significantly impact growing Fingerlabs’ NFT business as a firm producing noticeable outcomes in the gaming and metaverse industries.
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