News| Korean Internet Giant Kakao Will Launch A Blockchain Platform in June
Klaytn Mainnet Is About To Go Online
According to Mars Finance, Ground X, a subsidiary focused on blockchain of the Korean Internet giant Kakao Group, has announced the release date of its blockchain platform. According to the announcement, Klaytn’s mainnet will be launched on June 27, 2019, which is expected to become the main driving force for the country’s blockchain application.
Kakao has a 96% market share in Korea. Its business involves communications, games, content services, financial services and mobile services. Its communication application Kakao Talk is called “the Korean version of WeChat”. As early as March last year, Kakao announced plans to launch a blockchain platform, and in October released a test version of Klaytn, which focuses on decentralized applications (DApps). As of October last year, developers were working with about 10 domestic and foreign partners to test new ecosystems.
Recently, Kakao once again raised $90 million in investment for Klaytn. Last December, the company announced plans to raise a total of $300 million through Ground X for technology development.
According to Korean media reports, Kakao also plans to launch an integrated cryptocurrency wallet in its messaging app KakaoTalk after the Klaytn mainnet is released.
Klaytn & DATA
The first blockchain application co-incubated by DATA and Kakao GroundX was released on January 1, 2019. Antube is the beginning of the cooperation between DATA and Kakao GroundX, and the two sides will explore more in-depth cooperation possibilities in the future.
South Korea is the market with the highest penetration and acceptance of users in the global blockchain industry, while Kakao has more than 50 million active users. Through the cooperation with the Kakao, DATA will further expand and promote the Korean and global blockchain markets, and make strategic planning about commercialization of the industry.
Antube is a blockchain-based mobile video community that provides users with attention-based mining, wallet SDK, and M3 mobile distributed storage technology supported by DATA, enabling users to monetize their attention and mine for their mobile storage.
“Value your moments”, Antube is committed to share ecological values through the blockchain technology to the contributors in the ecosystem.
Antube download link: https://appurl.io/Y5dnfNszq
