Fellaz Secures Grant Funding From the Arbitrum Foundation to Enhance Web3 Entertainment

Fellaz, recognized as a global leader in Web3 entertainment, recently announced its receipt of grant funding from The Arbitrum Foundation. This funding is aimed at developing an innovative NFT solution designed to revolutionize the immersive entertainment experience. Positioned as the exclusive Web3 partner for prominent IP holders in the Pan-Asian and global music sectors, Fellaz is setting new benchmarks in digital and interactive fan engagements.

The upcoming NFT solution by Fellaz includes an initial offering service for both burgeoning and established entertainment projects, allowing artists to issue unique digital assets. This move not only supports creators but also offers fans an unprecedented way to connect with their favorite entertainment content. By blending in-house Web3 technologies with major music and fan events, Fellaz aspires to merge the physical and digital realms, thus pioneering a novel entertainment consumption model.

The partnership with Arbitrum, a leading Ethereum Layer 2 scaling solution with a dominant Total Value Locked of approximately $10 billion, marks a pivotal step for Fellaz. The collaboration is anticipated to spur the growth of Web3 immersive entertainment, with both entities advancing blockchain adoption in the entertainment industry. Ricky Ow, Fellaz CEO, views this grant from The Arbitrum Foundation as a crucial endorsement of their vision to revolutionize entertainment through blockchain.