HYBE's tech subsidiary Weverse Company has just invested in FAVE.
According to media reports, the Korean fan community platform announced today (17/05) that they have just invested a minority stake at FAVE, a US-based fan-to-fan start-up company that aims to bridge communication between fans and provide a virtual marketplace where fans can buy and sell their digital creations.
"We are pleased to partner with Weverse Company, which has already achieved tremendous success in the field of fandom platforms. Through this partnership, fans will be able to have a more valuable experience with the artists they love. The most important thing for us is to give our fans a more amazing experience," says FAVE CEO Jacquelle Horton in an official press statement.
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Through the investment, Weverse aims to seek new business opportunities in the realm of fan-to-fan platforms while concurrently expand on their goal to enhance the overall fan experience.
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"This investment is to discover new business opportunities in the US and respond proactively. I look forward to working with them," says Weverse CEO Taeho Kim in an official press statement.
hey @bts_bighit A.R.M.Y! we are so excited! pic.twitter.com/snO3CIBFAs
— Fave 💛💛 (@Faveforfans) May 17, 2021
This comes as Weverse's most recent partnership following their collaboration with NAVER's V LIVE earlier this year to create a new global fan platform.
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