BTS Agency Hybe to Set Up Joint Venture on NFTs with Korean Crypto Exchange Upbit

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The two corporations will change shares by way of a third-party allotment capital improve, in accordance to the announcement. Hybe will purchase a 2.5% stake in Dunamu value KRW 500 billion ($423 million), whereas Dunamu will purchase KRW 700 billion of newly issued Hybe shares, which characterize a 5.6% stake within the music company.