NEXTEYE & ARTlOG are founding JV, Start developing an online art gallery and an NFT exchange platform

NEXTEYE(137940) will launch an NFT(non-fungible token) business using K-culture content.

NEXTEYE announced that it has formed a joint venture(JV) Artlogue NFT with Artlogue (Cruise NFT)  on Thursday, an NFT specialist. The two companies signed a business agreement in January this year to start NFT business cooperation.

Artlogue is developing "Artlogue Platform", an online NFT platform based on an offline shipboard art exhibition. In addition to cultivating and supporting new artists in the NFT market, Artlogue also plans to cooperate with world-famous art collections and domestic famous entertainment companies to plan, produce and distribute star limited edition MD products that guarantee sales rates. It is currently in the beta version.

The two companies plan to develop the largest online NFT exchange in Korea by opening an art gallery onboard at the ship Cafe near Han River Park in Apgujeong-dong, Seoul. The art gallery is an online and offline exhibition space based on MetaBus such as VR(virtual reality) and AR(augmented reality). Those who wish to bid can participate in the auction by using tokens that can be used onboard after appreciating the works displayed in the gallery.

Currently, Artlogue has started the development of the NFT exchange and plans to operate the art gallery by bringing in IT planners and developers as well as employees from famous entertainment companies.

A NEXTEYE official said that the company plans to conduct various cooperation projects through THE JV, including establishing the largest NFT exchange in Korea. Our biggest goal is to maximize the size of our business by gathering experts in K-culture. He added, "We plan to devise a complex cultural space including an art gallery on board and issue an NFT that can be used onboard."

According to an official from Artlogu, K-Culture's globalization and MetaBus's successful service will be met every quarter. MetaBus will also lay the foundation for the domestic market by locating offline art galleries accessible to ordinary people.