Weverse Company, a subsidiary of HYBE (formerly Big Hit Entertainment), has invested a minority stake in F2F (Fan-To-Fan) platform development startup ‘FAVE’.
The main features of FAVE are the fan community social platform function for smooth communication between fans and the marketplace function for the display and trade of digital creations created by fans. In particular, the fact that fans communicate by sharing and transacting content created by themselves is evaluated as the competitiveness of FAVE, which is differentiated from existing fandom platforms.
Jacquelle Horton, CEO of Fave, said, “We are pleased to partner with Weverse Company, which has already achieved tremendous success in the area of the fandom platform. Through this partnership, fans will have a more valuable experience with the artists they love. To give our fans a more amazing experience, that’s the most important thing for us.”
Tae-ho Kim, CEO of Weverse Company, said, “This investment is to discover new business opportunities in the United States and respond proactively.”
Source: biz.chosun.com
