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Bitcoin treasury company K Wave Media acquires a majority stake in Rabbit Walk to enter the Web3 content market.
ChainCatcher news, K Wave Media, a Bitcoin treasury company listed on Nasdaq, announced in a post on platform X that it has raised 9 billion KRW (approximately 6.5 million USD) through the issuance of common stock to acquire 55% of the equity of the artificial intelligence content studio Rabbit Walk and gain management control. After the transaction is completed, K Wave Media will leverage its virtual production and generative AI technology to expand the Web3 content market and promote the construction of an IP copyright tokenization platform.