Entertainment

Both JYP Entertainment & Dunamu Cancel Relationship On NFT Mutual Venture!

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Why did JYP Entertainment and fintech company Dunamu stop their joint NFT Venture contract? Discover here.

Formerly in September 2024, equally Dunamu and JYP Entertainment declared that they’d be partnering to start a K-pop-based NFT platform. Making use of their option, Dunamu notably obtained a 2.5% share in JYP Entertainment, to the surprise of many. Why was it ended?

JYPE has been home to many popular K-pop acts like TWICE, Stray Kids, DAY6, and their former group GOT7 (@jypentertainment/Instagram)

Recently, equally, JYP Entertainment and Dunamu have mutually decided to cancel their contract on establishing a shared opportunity for the formation of NFTs. NFTs, or non-fungible tokens, are non-interchangeable models of knowledge stored on a blockchain, a digital ledger, that may be sold.

As per new exclusive reports, JYP Entertainment and Dunamu have equally decided to cancel their 2024 contract to begin a shared opportunity focusing on NFTs. Furthermore, Dunamu also discussed a statement regarding the alliance’s termination with JYP Entertainment.

A spokesperson from Dunamu privately declared:

“Dunamu and JYP Entertainment planned to determine a shared opportunity for the NFT company, but currently, we have chosen to stop our company contract with one another following mutual agreement.

We’ve decided to consistently seek opportunities for a relationship with one another in several other ways.”

By writing this article, Dunamu still has a 2.5% share in JYP Entertainment, and it’s uncertain whether or not the fintech company may contain the percentage or promote it.

Remain tuned for more news and improvements regarding JYP Entertainment and other activity labels!

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