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FMW Media Announces $10 Million Investment in Spinel Network
FMW Media's New to The Street has announced a strategic investment of $10 million into Spinel Network Pte. Ltd. This investment secures a 10% stake in the Singapore-based company and combines media and cash buys on FMW's syndicated television programs.
Spinel Network operates a decentralized computing network that uses AI to enhance social media content ranking. The company's core Web3 technology was recognized as a top five winner in Binance's Web3 Stars Accelerator 2022 Award.
Viet Nguyen, CEO of Spinel Network, expressed his excitement about the strategic partnership and upcoming interviews on major U.S. stock exchanges. Vince Caruso, CEO of FMW Media, believes that Spinel Network's technology will benefit underserved content creators through upcoming partnerships with key industry players.
FMW Media will broadcast Spinel Network's shows across platforms like Newsmax, FOX Business Network, and Bloomberg TV, aiming to maximize viewership and brand awareness globally.
R. H.
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