TechFlow news, September 6 — K Wave Media, a Nasdaq-listed bitcoin treasury company, announced on X that it has raised 9 billion South Korean won (approximately $6.5 million) through the issuance of common stock to acquire a 55% stake in artificial intelligence content studio Rabbit Walk and gain management control. Following the completion of the transaction, K Wave Media will leverage its virtual production and generative AI technologies to expand into the Web3 content market and advance the development of an IP rights tokenization platform.
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