FSN Handstudio Strengthens NFT First Wallet 'Faveret' Business with Galaxia Metaverse

[Asia Economy Reporter Jang Hyowon] Hand Studio, a subsidiary of FSN, a KOSDAQ-listed company, announced on the 5th that it has signed a strategic partnership for blockchain business cooperation with Galaxia Metaverse and will expand its business to activate its NFT first wallet 'FAVORLET'.

Galaxia Metaverse is a blockchain-specialized subsidiary of Galaxia Moneytree, operating the NFT platform 'Meta Galaxia' based on the largest number of IPs in Korea, and running the blockchain project Galaxia (GXA), thereby creating a blockchain ecosystem across various fields.

Through this partnership, both companies plan to closely cooperate on new blockchain businesses, starting with linking the digital currency Galaxia to FAVORLET, which was launched by Hand Studio’s blockchain research institute 'Finger Labs'. With the addition of Galaxia to the current version that supports Klay (KLAY) and Favor, Finger Labs expects the usability of FAVORLET to increase significantly and plans to link various cryptocurrencies in the future.

FAVORLET is Korea’s first NFT-dedicated wallet that allows users to check information scattered across multiple sites such as floor prices of NFT collections, transaction information, and official channels all at once. The Android version was released last May, and the iOS version is scheduled to launch within this month. Finger Labs anticipates growing demand for NFT-dedicated wallets as the domestic NFT market expands and plans to add various services, including holder authentication, to enable NFT use in offline markets as well.

Lee Sangseok, CEO of FSN, said, "To enhance the usability of FAVORLET, we plan to link it with various cryptocurrencies in addition to the existing Klay and Favor. Galaxia Metaverse and our company will share NFT-related technologies and know-how to develop each NFT business and further contribute to the expansion of the domestic NFT ecosystem."

Meanwhile, Finger Labs has established itself as a leading brand in the domestic NFT market by successfully launching PFP NFT projects such as 'Sunmiya Club', 'Happier Town', and 'Smile Miya Club'. Beyond simple NFT issuance, it is actively expanding the domestic NFT ecosystem by consecutively launching the NFT marketplace 'Xclusive' and the NFT first wallet 'FAVORLET'.