FSN subsidiary Fingerlabs secures 11.8 billion KRW Series A funding successfully

Finger Labs, a subsidiary of FSN, a KOSDAQ-listed company, announced on the 6th that it has secured an additional investment of 4 billion KRW from venture capitalists (VCs) with high expertise in the game and metaverse sectors, including 'Wemade Play.' With this, Finger Labs has completed its Series A funding totaling 11.8 billion KRW, including the investment received last December from the Singaporean investment firm 'Innocean Global Group' and a paid-in capital increase involving its parent company FSN.

Based on the secured funds, Finger Labs plans to further accelerate its global market entry and expansion of the NFT ecosystem. Given that Wemade Play and Innocean Global Group have demonstrated competitiveness in the global blockchain market, they are expected to create significant synergy with Finger Labs' NFT projects and NFT platform. Additionally, a VC that has formed various funds with major game companies in the game and metaverse sectors also participated in this investment, which serves as another opportunity to prove the competitiveness of Finger Labs' blockchain business.

Starting with Sunmiya Club last year, Finger Labs has consecutively launched representative domestic NFT projects such as Happier Town and Smile Miya Club, leading the expansion of the domestic NFT ecosystem by launching the NFT marketplace 'Xclusive' and the NFT-dedicated wallet 'Faveret.' Recently, it has also launched the NFT-Fi platform 'Faver Station,' which combines NFTs with decentralized finance (De-Fi), expanding the NFT industry into innovative fields.

From this year, Finger Labs is also actively entering the global market. At Ultra Abu Dhabi 2023 held in the United Arab Emirates (UAE), Faveret was selected as the official wallet and provided NFT ticket authentication services. The PNE (Play & Earn) project 'Anipang Supporter Club' ranked first in global trading volume on OpenSea, demonstrating competitiveness on the global stage. Notably, the global achievements of Finger Labs are considered even more encouraging as they were accomplished in cooperation with Innocean Global Group and Wemade Play, who participated as Series A investors.

Lee Sang-seok, Co-CEO of Finger Labs, said, "Despite the challenging capital market environment, Finger Labs has successfully completed Series A by gaining recognition for its global blockchain competitiveness." He added, "Innocean Global Group, Wemade Play, and others who participated in the investment are companies that have shown tangible results in the global blockchain, game, and metaverse sectors, and they will play a significant role in expanding Finger Labs' NFT business."