Virtual Real Estate
The Sandbox metaverse names Mega City project partners
Gaming metaverse the Sandbox announced the partners for its upcoming Hong Kong-influenced virtual cultural hub.
Danny Park
Contributor
Danny Park
Danny is a journalist at Forkast.News. Originally from South Korea, Danny has produced content for media companies in Korea, Hong Kong and China. He holds a Bachelor of Journalism and Business Marketing from the University of Hong Kong.
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NFT Marketplaces
LG to follow Samsung adding NFT features to flagship TVs
The ability to display, buy and even mint NFTs is seeping into mainstream products from South Korea’s largest corporations.
Danny Park
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Regulation
Crypto is presidential election campaign issue for South Korea
In South Korea, a new presidential administration will be chosen in March. Here’s where the four major candidates stand on Korea's booming virtual asset space.
Danny Park
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Regulation
South Koreans required to report overseas crypto accounts
In South Korea, virtual asset investors with more than 500 million Korean won, or approximately US$418,935, worth of crypto assets in overseas accounts must report to their regional tax authorities beginning in 2023. Fast facts According to a new year guidebook by the Ministry of Economy and Finance, any resident or domestic corporation with overseas […]
Danny Park
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NFTs and Gaming
Japan’s Square Enix reveals blockchain gaming ambitions for 2022
Yosuke Matsuda, president of Square Enix — the game developer behind Final Fantasy, Dragon Quest and Kingdom Hearts — recently reiterated the company’s blockchain ambitions while acknowledging ongoing concerns about the new trend. Fast facts In a new year’s letter posted on the company website, Matsuda emphasized that incorporating blockchain technology into gaming holds “the […]
Danny Park
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Regulation
South Korea crypto exchange underdogs: Where are they now?
A regulatory hurricane swept away half of South Korea's crypto exchanges in 2021. Who are the survivors — and are there larger lessons for the rest of the world?
Danny Park
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Crypto Trading and Strategies
Japan’s SBI invests in Singapore crypto exchange Coinhako
Japan’s financial conglomerate SBI Holdings announced a joint investment in Singapore’s virtual asset exchange Coinhako with Switzerland-based Sygnum Bank. Fast facts The investment is made through a fund formed in Singapore named the SBI-Sygnum-Azimut Digital Asset Opportunity fund. SBI expressed certainty in supporting Coinhako’s international expansion and other startups that have growth potential in the […]
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NFTs and Art
Japanese billionaire Yusaku Maezawa issues NFT from space
Yusaku Maezawa, founder of Japan’s largest online fashion retailer Zozotown, tweeted about turning a photo he took in space into a non-fungible token (NFT), saying it may be the very first NFT to be issued from space. Fast facts Named “Rendezvous,” the NFT includes a photo that Maezawa took while the Russian Soyuz MS-20 he […]
Danny Park
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Regulation
Bitcoin sent by mistake, recipient will not be punished for keeping it: South Korea ruling
An investor who received $1.25M in Bitcoin by accident will not be criminally penalized, raising questions on the legal status of cryptocurrencies.
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Crypto Trading and Strategies
Game company Nexon America now accepts crypto for in-game payments
Asia’s gaming giant Nexon’s US subsidiary supports cryptocurrencies for players in buying items inside its popular online games.
Danny Park
