Noerr advises 360X AG on partnership and investment in NFT music marketplace

A Noerr team headed by our Munich partner Holger H. Ebersberger has advised the fintech company 360X AG in Frankfurt on an agreement to enter into a strategic partnership with Berlin-based Twelvebytwelve GmbH.

Twelve x Twelve is Europe’s first NFT marketplace focusing exclusively on music and is to be integrated into the newly incorporated company 360X Music AG. The plan is to expand Twelve x Twelve to become one of Europe’s leading NFT marketplaces in Web 3.0 and the metaverse.

With the support of its main shareholders Deutsche Börse and Commerzbank, 360X AG, founded in early 2021, is developing new digital marketplaces to provide individuals with easy access to liquid and transparent trading of tokenised real assets such as works of art, real estate and music rights. The marketplaces will use blockchain technology to represent the assets as so-called tokens and as a trading platform.

Advisors to 360X AG: Noerr Partnerschaftsgesellschaft mbB
Holger H. Ebersberger (partner, Private Equity), Georg Langheld (associated partner), Christian Haagen (associate, Munich)