South Korean web big Kakao’s blockchain subsidiary Floor X has shaped GRID, an alliance of some 50 native corporations to popularize and broaden use circumstances within the non-fungible token (NFT) ecosystem, the corporate introduced Thursday.
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Quick details
- Floor X will assist corporations in GRID in working NFT-based companies extra effectively by offering digital infrastructure companies such because the QR code authentication or the NFT membership perform on Klip, Kakao’s digital pockets.
- “We’ve created GRID to construct a collaborative mannequin by connecting main corporations in numerous fields corresponding to distribution, leisure, advertising and marketing, finance and the NFT market,” stated Floor X in a press launch, including that GRID goals to extend the use circumstances of NFTs each on-line and offline.
- The alliance contains main gamers corresponding to Shinhan’s banking and bank card subsidiaries, Amore Pacific, Lotte Division Retailer, Kakao Video games, and SK’s training platform mySUNI.
- Floor X operates its personal Klaytn blockchain and KLAY cryptocurrency. Final 12 months, Floor X was chosen as the popular provider for Financial institution of Korea’s CBDC simulation challenge, which completed in June 2022.
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