ConsenSys to develop private version of Kakao’s Klaytn blockchain
A private version of Klaytn is in being developed in order to take part in South Korea's CBDC pilot, to be launched later this year. Ethereum software company ConsenSys has formed a technical partnership with Kakao’s Klaytn blockchain, with a view to developing a private platform for the issuance of a South Korean CBDC. Klaytn is a public blockchain developed by Ground X, a blockchain affiliate of the South Korean internet company Kakao. Best known for its Kakao Talk mobile messaging app, Kakao has since branched out into the shopping and travel industries, among others. In 2019 the....
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ConsenSys, a major Ethereum software company, will contribute its technology to South Korean CBDC simulations led by Ground X. The central bank of South Korea has chosen a blockchain subsidiary of local internet giant Kakao as a technology provider for its digital currency pilots.Kakao’s Ground X had won the Bank of Korea’s central bank digital currency (CBDC) tender, becoming the principal technology supplier for blockchain-based digital won simulations, local news agency Korea JoongAng Daily reported Tuesday.The central bank announced that Ground X will participate in the South Korean....
The platform created by Kakao's blockchain wing will reportedly look to extend its NFT functionality with an upcoming OpenSea integration. Klaytn, the blockchain project of South Korean tech giant Kakao, has partnered up with NFT marketplace OpenSea to bring a non-fungible token market to its platform. Klaytn is a smart-contract platform developed by Kakao’s blockchain wing, Ground X, which will develop its own NFTs and offer them out on OpenSea by the end of June, according to a recent announcement.The dollar value of NFT transactions has exceeded $500 million since the turn of the year,....
South Korean blockchain platform Klaytn may see its domestic dominance dwindle if it cannot keep pace with competitors such as Polygon. South Korea’s nonfungible token (NFT) space has rapidly expanded throughout 2021 led by the growth of crypto and NFT services offered by Kakao, but competitors are entering the fray.The NFT market in South Korea could be on a path for even more expansion following the Nov. 5 government ruling that NFT purchases will not incur taxes.Klaytn, the blockchain developed by Korean tech startups Kakao and GroundX, is the obvious first choice for Koreans searching....
The US-based Metaverse concert organizer Animal Concerts has partnered with South Korea’s Klaytn blockchain network to bring leading global music entertainment stars to the Metaverse. Metaverse concert organizer Animal Concerts has partnered with South Korean unicorn Kakao’s Klaytn network to increase its exposure to the Korean entertainment industry and facilitate Klaytn’s global expansion plans.The Jan. 10 announcement from Klaytn explains that the partnership between Klaytn and Animal Concerts is expected to help Klaytn increase the number of NFTs that are traded on the platform. Klaytn....
Kakao pushes its expansion plan to Singapore for Klaytn, its legacy blockchain platform, following its globalization quest. Reporting on Monday, The Korea Herald disclosed the city-state establishment of the Klaytn Foundation and Krust, the new blockchain-based entities by Kakao. Krust is a worldwide accelerator for the adoption of blockchain. On the other hand, the Klaytn Foundation is a charitable organization. According to its plan in Singapore, The Internet firm will utilize the two entities to facilitates a broad-based infiltration of its Klaytn blockchain project. In addition, the....