{"id":86988,"date":"2023-11-14T11:16:53","date_gmt":"2023-11-14T09:16:53","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=86988"},"modified":"2025-09-13T09:02:20","modified_gmt":"2025-09-13T06:02:20","slug":"modhaus-a-web3-startup-focused-on-k-pop-closes-8-million-series-a","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/modhaus-a-web3-startup-focused-on-k-pop-closes-8-million-series-a\/","title":{"rendered":"Modhaus, a Web3 startup focused on K-pop, closes $8 million Series A"},"content":{"rendered":"<p>South Korean <a href=\"https:\/\/forklog.com\/en\/news\/what-is-web3\">Web3<\/a> startup Modhaus, which promotes artists in the K-pop genre, closed an $8 million Series A funding round.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"ko\" dir=\"ltr\">[?] \ud32c \ucc38\uc5ec\ud615 K-pop \uc2a4\ud0c0\ud2b8\uc5c5 \u2018\ubaa8\ub4dc\ud558\uc6b0\uc2a4\u2019, 100\uc5b5 \uc6d0 \uaddc\ubaa8 \uc2dc\ub9ac\uc988 A \ud22c\uc790 \uc720\uce58<a href=\"https:\/\/t.co\/NAnU5LbDTC\">https:\/\/t.co\/NAnU5LbDTC<\/a><a href=\"https:\/\/twitter.com\/hashtag\/MODHAUS?src=hash&#038;ref_src=twsrc%5Etfw\">#MODHAUS<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/%EB%AA%A8%EB%93%9C%ED%95%98%EC%9A%B0%EC%8A%A4?src=hash&#038;ref_src=twsrc%5Etfw\">#\ubaa8\ub4dc\ud558\uc6b0\uc2a4<\/a><\/p>\n<p>\u2014 Official_MODHAUS (@officialmodhaus) <a href=\"https:\/\/twitter.com\/officialmodhaus\/status\/1724275974161023171?ref_src=twsrc%5Etfw\">November 14, 2023<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The lead investor was the American venture capital firm Sfermion with participation from SM Culture Partners, Laguna Investment, KDDI Open Innovation Fund III and Foresight Ventures.<\/p>\n<p>Modhaus positions itself as an &#8216;entertainment Web3 agency&#8217;. The main platform \u2014 Cosmo \u2014 uses blockchain technology and allows users to purchase digital images of groups or individual artists.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u00abBy collecting photos of their favorite idols in the <a href=\"https:\/\/forklog.com\/en\/news\/what-are-nfts\">NFT<\/a> format, fans obtain <a href=\"https:\/\/forklog.com\/en\/news\/governance-tokens-vs-utility-tokens-whats-the-difference\">utility-tokens<\/a>, which allow them to participate in decisions related to the group&#8217;s activities\u00bb, \u2014 press release says.<\/p>\n<\/blockquote>\n<p>The platform was founded in December 2021 and is operated by Hashed. Since launch, about 130,000 users have bought 1.2 million cards.<\/p>\n<p>Co-founder Jaden Jung noted that K-pop fans possess keen insight that helps track major trends.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u00abJust as media and streaming changed the music industry, Web3 is expected to change the game\u00bb, \u2014 said Hashed CEO Simon Kim.<\/p>\n<\/blockquote>\n<p>In November 2022 Modhaus and <a href=\"https:\/\/forklog.com\/en\/news\/what-is-the-metaverse\">metaverse<\/a> The Sandbox <a href=\"https:\/\/medium.com\/sandbox-game\/the-sandbox-partners-with-k-pop-web-3-0-startup-modhaus-907bd76502af\">joined<\/a> to create a K-pop hub for fan interaction within the digital world. The lead participant in the initiative was the girl group tripleS, consisting of 24 members.<\/p>\n<p>As part of the partnership, the Korean startup released several related non-fungible tokens, including avatars and various digital collectibles for The Sandbox.<\/p>\n<p>Earlier in July, Snoop Dogg and a16z <a href=\"https:\/\/forklog.com\/en\/news\/snoop-dogg-and-a16z-back-web3-startup-sound-in-us20-million-round\">supported<\/a> the music Web3 company Sound in a $20 million round. The project aims to create a new business model for musicians, distinct from traditional streaming services, that turns songs into NFTs.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>South Korean Web3 startup Modhaus, which promotes artists in the K-pop genre, closed an $8 million Series A funding round.<\/p>\n","protected":false},"author":1,"featured_media":86989,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[974,1133],"class_list":["post-86988","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-south-korea","tag-venture-investments"],"aioseo_notices":[],"amp_enabled":true,"views":"15","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/86988","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=86988"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/86988\/revisions"}],"predecessor-version":[{"id":86990,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/86988\/revisions\/86990"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/86989"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=86988"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=86988"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=86988"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}