OGQ, a copyright content market, announced on the 2nd that it has acquired a 1% stake in Bithumb Korea, a virtual asset exchange.
According to OGQ, the acquisition of the stake is known to lay the foundation for collaboration between Bithumb Korea’s NFT market and OGQ’s IP. About 300 million IPs of 900,000 global creators who participated in the OGQ market are sold in the NFT market, and IPs such as images, videos, and sound sources, as well as licensing sales of artworks, as well as ownership and copyrights are provided to expand the ecosystem by increasing the income of creators is going to do
Bithumb Korea is Korea’s leading virtual asset exchange, with 6.8 million users. As of the end of the third quarter of 2021, cumulative sales and net profit recorded 753.9 billion won (405%Y from the same period of the previous year) and 768.4 billion won (or 818% from the previous year), respectively, and were recently selected as a unicorn company.
Through this investment, OGQ will not only become the 4th largest shareholder of Bithumb Korea, but also plan to actively collaborate in the NFT business sector with Bithumb Korea and T Scientific in the future.
“OGQ, a leading copyright content market leader, is continuously discussing related businesses with individual creators, IP holding companies, and blockchain platform companies to create a creative economy by expanding the creator’s IP to the NFT ecosystem,” said Kang-il Kim, head of Next Commerce at OGQ. .
On the other hand, OGQ is a copyright content market that connects creators and fans who create images, photos, videos, sound sources, and fonts created by creators. We are focusing more on securing.
