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KDDI announced on November 14th that it has invested in South Korea's Modhaus, which is provided by the web3 entertainment platform "COSMO", through the "KDDI Open Innovation Fund No. 3 (KOIF No. 3)". The amount of investment from the fund is unknown.
Modhaus is also an entertainment production company to which the popular female idol groups ``tripleS'' and ``ARTMS'' belong. The company disseminates the latest information on both groups and sells various contents through "COSMO." Fans who purchase digital photo cards (NFT) from COSMO will be provided with voting tokens, which will allow them to participate in voting held when important group decisions are made, such as selecting unit members. With this investment, KDDI will leverage the collaboration between Metaverse web3 services "αU" and "COSMO" and the knowledge KDDI has cultivated in music and other entertainment to expand Modhaus' market in Japan. It is said that it will support. According to a report from TheBlock, Modhaus has raised $8 million (approximately 1.21 billion yen) in a Series A round. This round was led by US venture capital firm Sfermion, with investors including KDDI, SM Culture Partners, Laguna Investment, and Foresight Ventures. He said he participated. Modhaus will continue to add new idol groups and expand collaboration with idols and content other than those affiliated with Modhaus, creating a new form of entertainment where fans and idols can connect through COSMO and actively contribute to the growth of the groups they support. It is said that they will continue to create. Source: New Economy
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