K Wave Media, a Bitcoin treasury company, acquires a majority stake in Rabbit Walk to enter the Web3 content market

ChainCatcher news, Nasdaq-listed Bitcoin treasury company K Wave Media announced on the X platform that it has raised 9 billion Korean won (approximately 6.5 million USD) through the issuance of common stock to acquire a 55% stake in 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.