PARAMETA and bitBLUE Join Forces to Build an IP and Content Security Token Platform and Grow the Ecosystem
October 19, 2023, Seoul — Web3 Enabler PARAMETA (formerly ICONLOOP, CEO JH Kim) announced that it has signed a memorandum of understanding with bitBLUE (CEO Sangsik Joo), a Web3 specialist built on NFTs (non-fungible tokens), to cooperate on building an IP and content security token platform and growing the surrounding ecosystem.
Under the agreement, PARAMETA and bitBLUE will cooperate on building a security token platform using IP and content as underlying assets, and will jointly carry out the work involved through to subsequent ecosystem expansion.
In this partnership, PARAMETA acts as bitBLUE's blockchain technology partner, providing the technology needed to build the security token platform on the basis of its own service PARAMETA S (STO as a Service), and bringing its knowledge and expertise in the field to building an ecosystem for tokenizing IP and content.
Drawing on its expertise in IP and content, bitBLUE will provide the knowledge and experience of the relevant business areas needed to build the security token platform, while working with PARAMETA to actively pursue the range of opportunities such a fractional investment platform can create.
"Applying security tokens to the steadily growing IP and content market should give rise to a variety of business models and forms of investment contract securities," said PARAMETA CEO JH Kim. "Building on our core blockchain and security token technology, PARAMETA will respond quickly to diverse business models and a shifting regulatory environment as we work to build out the ecosystem."
"Applying security tokens is necessary for blockchain and NFTs to be used and developed within the regulated financial system," said bitBLUE CEO Sangsik Joo. "Issuing a range of IP and content as security tokens will create an opportunity for their enduring value to be recognized."
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About PARAMETA (formerly ICONLOOP)
PARAMETA is a technology company that has consistently developed blockchain and Web3 technology under the slogan "Web3 Enabler," leading innovation by applying it across industry. Backed by a full technology stack applicable across Web3 and by a record of success with numerous public and enterprise blockchains, PARAMETA has established itself as a strong partner supporting the technology and consulting needed for Web3 adoption and transformation. PARAMETA supports fast, straightforward Web3 transformation through PARAMETA Service (PARAMETA W (Wallet), N (NFT), S (STO), T (Token Management)), which lets businesses select and apply the core Web3 elements of wallet, NFT, STO, and token management without building their own infrastructure.
About bitBLUE
bitBLUE offers a new way to invest directly in creators — celebrities, virtual influencers, and others — through its Web3-based services Alt.town and Know-Yourself. bitBLUE aims to build an investment environment that encompasses intangible as well as tangible assets. To that end, it is developing its own valuation model for accurately measuring individual value, drawing on Web3 technologies and methods including NFTs.
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