PARAMETA Collaborates with SPITZEN and PIPELINE to Build Mobility Fractional Investment Using STO and Membership NFT Platform

 

Seoul, March 8, 2023 – ‘Web3 Enabler’ PARAMETA Corp. (formerly ICONLOOP, CEO JH Kim) is collaborating with SPITZEN (CEO DaeSik Jeon) and ‘Web3 Accelerator’ PIPELINE (CEO Yongkyun Lim) to build a mobility fractional investment using STO and membership NFT platform.

The ‘SPITZEN Web3’ platform, which is being jointly planned by the three companies, is a model that combines a scarce classic car carving investment platform using STO (token securities) and a membership NFT (non-fungible token) collection, and is the first automobile carving investment platform in Korea that provides integrated mobility services that consumers need. Through this platform, users can conveniently access various services across the mobility domain, from vehicle maintenance, high-end tuning, car care, car sharing, luxury car rental, concierge, and participation in motor shows and track days.

In this collaboration, PARAMETA will provide the full range of blockchain and Web3 technologies based on its ‘Parameta Service’, which enables easy configuration and adoption of Web3 core elements such as wallets, NFTs and STOs. In addition, SPITZEN, a premium automotive company with a professional identity and non-spoke system in the mobility field, and Pipeline, an accelerator that aims to mass adopt Web3 by discovering promising projects at home and abroad, plan to exert synergy by linking various mobility infrastructures.

As the FSC (Financial Services Commission) released the 'STO Guidelines (Token Security Issuance and Distribution Regulatory System)' in February, it is expected to open up the possibility of full-scale activation of the fragmented investment platform. Based on the platform being prepared, the three companies intend to provide opportunities for the MZ generation to invest in expensive cars that they are highly interested in but have been unable to access, even in small amounts. The three companies will share profits with platform participants, promote mutual growth, and take the lead in pioneering the ecosystem of the automotive fragmentary investment market, while continuing to discover community-based sustainable profit models.

“In the existing STO market, which is dominated by real estate and art, we plan to present a new category of rare automobiles that are increasing in value around the world,” said an official from the three companies. “Through this mobility fractional Investment platform, we will create an opportunity to more easily access specialized alternative investment assets that have high barriers to entry.”