Muzika, a Korea-based blockchain project that has attracted the attention of high-profile investors in the blockchain space, has announced an investment deal with NEO Global Capital Strategic Partnerships. The investment will assist Muzika’s project incubation and provide resource integration from both parties.
Singapore-based NEO Global Capital is the strategic investment vehicle of NEO foundation and one of the largest owners of cryptocurrency in the Asia Pacific region. One of NEO Global Capital’s key investment objectives is not only to promote the mass adoption of blockchain technology in various real-world industries but also disrupt existing business models. Muzika, with an existing user base of 2 million and investments from top notch crypto and blockchain investment groups like T3 Ventures, Everest Ventures Group, 256 Ventures, and has demonstrated its ability to disrupt the status quo in the global music industry.
Tony Gu, founder of NEO Global Capital, remarked upon his reasons for selecting Muzika: “Muzika’s team has demonstrated solid business management capabilities, as well as strong domain expertise in music industry. The collaboration with Ontology also gives Muzika an edge in terms of technology infrastructure and ecosystem interoperability. NGC believes Muzika can do well and establish a new and better ecosystem for the global music industry.”
The investment group focuses on investing in projects related to blockchain technology. Other notable recent investments include a capital investment of $1 Million into the Bluzelle Ecosystem, P2P Network Trinity, Ontology, and decentralized IOT Platform Ruffchain. According to Muzika CEO Inseo Chung, NGC’s contributions have vividly spelled out an old Chinese saying- “adding wings to a tiger” and that the startup is “about to take off for an exciting journey ahead.”
NEO Global Capital Strategic Partnerships is growing rapidly, in part due to its strict adherence to due diligence for its project investments. Previous projects have achieved great success in contributing to the acceleration of the adoption of blockchain in Asia to make the industry a commercial reality. The capital investment from reputable investment group NEO Global Capital will certainly be a turning point in the commercialization of Muzika as it begins its expansion into various markets.