Modhaus, a South Korean blockchain-based K-pop startup, has raised $8 million in its series A funding round led by Sfermion, a U.S. venture capital, to fuel its growth to introduce more blockchain-based use cases in the Korean entertainment world.

The company said in a statement shared with The Block that the funding round was also participated by investors including SM Culture Partners, Laguna Investment, KDDI Open Innovation Fund III and Foresight Ventures.

Founded in December 2021, Modhaus has formed tripleS — a K-pop girl group that has over 1.74 million subscribers on YouTube — through its non-fungible token voting system. On Modhaus’ COSMO app, fans can purchase NFT photocards, which then count as voting tokens. 

“By collecting NFT-format photocards of their favorite idol …