Market Analysis
South Korea’s Kakao, Com2Us wind down metaverse units
South Korea’s top internet company Kakao and leading game developer Com2uS are sizing down their metaverse teams after large losses.
Danny Park
Lens
Kakao
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Regulation
South Korea’s online KakaoBank to open accounts for Coinone exchange users this month
KakaoBank, one of South Korea’s online-only banks with nearly 20 million users, said it will start providing accounts for users of Coinone exchange in November.
Danny Park
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Regulation
S.Korea’s internet-only KakaoBank partners with crypto exchange Coinone
South Korea’s internet-only bank KakaoBank has signed a contract with local cryptocurrency exchange Coinone to provide withdrawal and deposit accounts to investors under their real names, per local regulations. See related article: South Korea’s crypto crackdown: What you need to know Fast facts While the partnership deal has been settled, it has not been announced […]
Danny Park
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Blockchain Security
Klaytn chief says reducing ‘human elements’ can prevent hacks
After high-profile cyberattacks on decentralized apps, the blockchain industry is in a hurry to ramp up security. Sam Sangmin Seo, head of Klaytn, tells Forkast that minimizing human error may be the key.
Danny Park
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Metaverse Platforms
Blockchain is needed for metaverse interoperability: Klaytn
Sam Sangmin Seo, the head of South Korea’s Klaytn Foundation, says blockchain technology plays a crucial part in metaverse technology because it provides interoperability between different metaverses. See related article: Kakao’s Klaytn partners with OpenSea for NFT expansion in Asia Fast facts “Blockchain can provide means to implement virtual economy in the metaverse,” Seo said. […]
Danny Park
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NFT Marketplaces
Kakao’s Ground X forms business alliance to expand NFT use cases, services
South Korean internet giant Kakao’s blockchain subsidiary Ground X has formed GRID, an alliance of some 50 local companies to popularize and expand use cases in the non-fungible token (NFT) ecosystem, the company announced Thursday. See related article: Kakao’s Klaytn partners with OpenSea for NFT expansion in Asia Fast facts Ground X will support companies […]
Danny Park
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NFT Marketplaces
Kakao’s Klaytn partners with OpenSea for NFT expansion in Asia
Singapore-based public blockchain platform Klaytn and non-fungible token (NFT) marketplace OpenSea announced on Friday a partnership to bolster the Asian NFT ecosystem. See related article: Kakao’s Klaytn to build blockchain in China with BSN Fast facts The partnership includes conference collaborations and ecosystem grants to promote Asian NFT projects to the global audience. Klaytn is […]
Danny Park
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Advanced Blockchain Technologies
Kakao’s Klaytn to build blockchain in China with BSN
Klaytn, South Korean internet giant Kakao’s public blockchain, will build an open-permissioned blockchain for China’s state-backed Blockchain-based Service Network’s (BSN) infrastructure for the Middle Kingdom’s domestic use. See related article: Resist the temptation on NFTs, Chinese state-backed developer says Fast facts Klaytn said on Tuesday it will take part in establishing the Chongqing Chain, a […]
Timmy Shen
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Regulation
S.Korean KakaoBank considers crypto exchange partnerships
South Korean digital bank KakaoBank announced on Tuesday at its quarterly business performance conference it is reviewing a partnership with a local cryptocurrency exchange. See related article: South Korean banks seek green light on crypto Fast facts “As [crypto] is considered a major asset amongst customers, we are reviewing how we can provide virtual assets […]
Danny Park
