Fellaz, a Singapore-based Web3 NFT ecosystem, announces plans to bring consumer entertainment business into the mix, at ETDHubai and World Blockchain Summit in Dubai
ethdubai
SINGAPORE, March 31, 2022 (GLOBE NEWSWIRE) — Innocus, the operating company of the Fellaz project, announced its participation as a main sponsor in the World Blockchain Summit and ETHDubai to share its vision as a web3 NFT ecosystem focused on entertainment. Fellaz plans to deploy a proprietary NFT launch platform and marketplace platform for original and existing NFTs in collaboration with major music labels and production companies around the world.
Starting with a South Korean entertainment juggernaut and a publicly traded company as its first official partner, Fellaz plans to introduce a new NFT business model that caters to mainstream entertainment companies looking to enter the generative NFT space. . Additionally, existing NFT communities will have the opportunity to reestablish their brand and value.
As one of the leading cities in the world to embrace blockchain technology, Dubai has become home to many prestigious blockchain-related events. In particular, on March 24, Fellaz participated as a keynote speaker at the World Blockchain Summit alongside other key sponsors such as Coinbase, Ripple, Bybit, and Celsius Network.
A director of the Fellaz project, Howard Lee, said, “We have seen several examples of enterprising artists and musicians leveraging NFTs to create new content, improve their distribution, and interact more closely with their audiences. However, due to the massive growth of the web3 space as a whole, it is critical that talent use the NFT format in a sustainable and differentiated way. Additionally, due to the nature of the web3, large production and entertainment companies may become more accessible to existing NFT communities that wish to establish themselves further.
Fellaz will launch its first NFT collection, infused with K-pop and co-produced by the aforementioned official partner to mark the beginning of a new paradigm in the NFT space, ushering in the era of Web3 entertainment.
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