Fingerlabs, a subsidiary of KOSDAQ-listed FSN, has recently announced that it has attracted additional investment from ‘Wemade Play’ and a venture capital (VC) with high expertise in game and metaverse fields, following a Singapore based investment firm in December last year.
This investment has helped the company to complete its Series A and secure business funds stably, with major blockchain and game companies along with parent company FSN participating in the paid-in capital increase.
With this investment, Fingerlabs’ NFT project and platform business expansion has gained more momentum. Currently, Fingerlabs is launching and operating NFT projects such as ‘Sunmiya Club’, ‘Happier Town’, ‘Smile Miya Club’ and ‘Anipang Supporter Club’, and is also launching new NFT projects in cooperation with major domestic conglomerates.
Moreover, Fingerlabs is conducting NFT platform business, including NFT marketplace ‘Xclusive’ and NFT-only wallet ‘FAVORLET’. This investment is expected to be a great help in expanding its business as it prepares various services.
Series A investors are companies with global competitiveness in the blockchain, game, and metaverse fields, and Fingerlabs is expected to create strategic synergy through this investment.
In the case of Singapore based investment firm, it is operating the global blockchain platform ‘Fellaz’, which has already conducted various collaborations with Fingerlabs.
Fellaz was in charge of NFT ticket sales at Ultra Abu Dhabi 2023, and Fingerlabs provided NFT launchpad and ticket certification service through its platform Xclusive and FAVORLET, successfully launching Ultra Abu Dhabi’s first NFT ticket project.
Wemade Play, which invested this time, is expected to make extensive collaboration with Fingerlabs in the game and metaverse sectors. The two companies are currently launching and operating the NFT project Anipang Supporter Club, and it is confirming its competitiveness in the global market.
In addition, as both companies are expanding their ecosystems centered on ‘Favor’ and ‘Wemix’, various forms of blockchain collaboration besides NFTs is planned to be conducted.
VC companies that participated in the investment along with WeMade Play are also expected to help Fingerlabs expand the NFT area into games and metaverses, as they have a lot of experience in creating various game and metaverse funds with large domestic game companies.
Dong-hoon Kim, the CEO of Fingerlabs, said, “Despite the difficult capital market environment, Fingerlabs’ global blockchain competitiveness was recognized, and we successfully completed Series A.”
Fingerlabs is a company that is making tangible results in the game and metaverse fields, and it will play a big role in expanding Fingerlabs’ NFT business.
The recent investment is a testament to Fingerlabs’ success in the NFT market and its potential for future growth. With the support of major investors, Fingerlabs is poised to become a leader in the NFT market, and its collaboration with WeMade Play and other investors is expected to create strategic synergies in the game and metaverse sectors.