South Korea’s NFT exchange Palas Square announced on the 18th that it has signed a business agreement with Cube Entertainment to create a global blockchain ecosystem.
Through this agreement, Pala will sell NFT and utility products issued by Anycube Entertainment (Anycube), a joint venture with Animoca Brands.
Cube Entertainment is an entertainment agency with artists such as BTOB and (G)I-DLE. Cube Entertainment plans to launch a K-pop open metaverse platform called “Music Metabus,” which is being developed by “AniCube,” in the first half of next year, starting with the K-culture complex cultural space and “AniCube Land” in the game of “The Sandbox.”
Pala plans to contribute to the expansion of the blockchain ecosystem by introducing Cube Entertainment and Any Cube’s NFT contents to domestic and foreign users through collaboration of K-culture complex cultural space in Cube Entertainment’s “The Sandbox.”
In addition, Palas Square plans to support multi-chain NFT transactions by the end of this year, and plans to promote global expansion by providing English sites.