MEET48

MEET48 is a decentralized talent incubator platform operating at the intersection of artificial intelligence, Web3, and the fan economy. Founded in 2022, the company aims to merge traditional idol fan engagement with blockchain technology, shifting power from agencies to the fans themselves through a transparent, decentralized ecosystem. The platform has established a significant strategic partnership with SNH48 Group, one of Asia's largest idol groups, to bridge its large Web2 user base to the Web3 space.

The executive team brings together expertise from the entertainment, technology, and investment sectors. CEO Danny Hu is a former Director at Fosun Group, while other founders like Jason Liao and Kai Xu have held senior roles at SNH48 Group and its interactive application, bringing deep industry experience. The company has secured funding from prominent investors including Liang Xinjun (co-founder of Fosun Group), Hash Global, Hashkey Capital, and Animoca Brands, reaching a fully diluted valuation of $100 million in its token round financing.

The business model centers on its native utility token, $IDOL, which facilitates a 'vote-to-earn' system. Fans use these tokens to participate in idol competitions, purchase virtual merchandise, and interact with artists, directly influencing their careers. Revenue is generated through these interactions within its social metaverse, which includes games, AI content creation tools, and virtual events. The ecosystem features products like 'AIdol Producer' for creating AI-powered virtual avatars, 'Mars Protocol' for launching social tokens, and the 'AI-Audition' game. By providing AI tools like AIShowBOX, MEET48 lowers the barrier for user-generated content, allowing fans to create and monetize their own virtual idol content, from music to dance choreography.

Keywords: fan economy, decentralized incubator, Web3 entertainment, AI virtual idols, idol cultivation, SocialFi, GameFi, metaverse, digital assets, SNH48, blockchain entertainment, vote-to-earn, user-generated content, AI-Agent, tokenization, digital collectibles, fan engagement, virtual events, music rights, creator economy