White Fox Ventures, Inc. has announced the establishment of its Fintech research laboratory on June 12, 2017 to study the utility value of IoT and AI, the spread of virtual currency and its service providing business. The aim of the research institute is to create a new business value, where focus is placed on the services it provides and its users instead of the development of the product itself in the midst of the changes IoT and digitalization bring to the structure of the world industry. This investment academy business is currently operated by WFV. It's a new and independent business and it is not the issuer of virtual currency or cryptocurrency for WFV.