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NFT Global Reveals That Soribada’s Corporate Crisis Has Nothing To Do With SOBA Project

Mon, 08 Mar 2021, 07:37 am UTC

NFT Global, a blockchain-based entertainment NFT platform company, said that there are many investors who think that the operating entity of the SOBA project is Soribada, a partner company. It announced its official position, saying that it is one of the partners and has absolutely nothing to do with the SOBA project.

Soribada has signed a strategic business agreement (MOU) with NFTGlobal on SOBA platform development and content provision. However, the contract relationship is a simple partnership relationship that is specified in the contract content as the client that NFT Global has entrusted the business to Soribada.

An official from NFTGlobal said, “At the time of signing a business agreement for the development of the SOBA platform, we tried to actively utilize the old know-how and infrastructure of the sound source market of Soribada. In addition to Soribada, we are pursuing MOUs with various companies to develop a flexible platform and to supply high-quality contents. Soribada is just one of them.” He clarified the relationship between the SOBA project and Soribada.

In addition, the SOBA platform has recently completed UI and UX usability tests and is preparing for a beta release in March.

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