Bitcoin treasury company K Wave Media acquires 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 US dollars) through a common stock offering to acquire a 55% stake and management control of the AI content studio Rabbit Walk. After the transaction is completed, K Wave Media will leverage its virtual production and generative AI technology to expand into the Web3 content market and promote the development of an IP rights tokenization platform.