Weverse Company Invests Minority Stake In U.S. Start-Up Company Fave
Weverse Company has invested a minority stake in the U.S. F2F (Fan-To-Fan) start-up platform, Fave.
Fave is a company that provides F2F services for fandoms, and since its opening last year, they have been selected as Start-up of the Year in Music Tech at the 2020 Music Tectonics Conference. They also released a beta version of the platform and are aiming for commercialization in the second quarter of this year.
The main features for this platform allow fans to communicate with one another and share and trade their own contents inside a marketplace.
Weverse CEO Kim Tae Ho commented, “This investment is to discover new business opportunities and to act on them proactively. We look forward to using the synergy from FAVE’s know-how and technical skills in Weverse Company’s platform business”.
Fave CEO Jacquelle Horton stated, “We are pleased to partner with Weverse Company, which has already received tremendous success in the area of fandom platforms. Through this partnership, fans and artists will be able have even more special experiences, which is the most important thing for us”.