[Pangyo Game & Contents] Naver to make new investments in an NFT content startup, “Mode House”

Naver’s startup training organization D2SF announced on the 19th that it has made a new investment in non-fungible token (NFT) and blockchain content startup Mode House.

FuturePlay and Timewise Investment participated as joint investors in Mode House’s pre-series A round. Pre-Series A is an investment made in the stage of formulating hypotheses on business items and verifying them.

Mode House is developing an entertainment platform in which fans can participate using NFT and blockchain technology. Unlike the past, when artists were introduced through the agency’s own production, the entire process of artist production, from trainee selection to concept and planning, will be carried out with the participation of fans.

Currently, Mode House is preparing for a girl group “Triple S” as its first project. Starting with the first member’s disclosure on the 1st, the content was introduced one after another. It is currently continuing active communication with the fan community.

Modhouse said, “In the future, we’re going to specify our debut unit and album concept on the platform with our fans.”

Yang Sang-hwan, leader of Naver D2SF, said, “On the metaverse platform, content that can lead to active participation of the fan community is important, which is based on NFT and blockchain technology.”

He added, “We expect that there will be great synergy effects also along with Naver’s various content platforms in the future.”
Meanwhile, Naver D2SF has steadily invested in technologies and platforms that help users directly participate in content production. Naver D2SF is openly recruiting new investment teams through its website.

Source: Pangyo Techno Valley Official Newsroom

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