Klaytn, which is a blockchain platform developed by internet giant Kakao Corp (KRX: 035720) for the entire public, has signed five key consensus deals to pursue its global expansion goal. In 2022, it is set to be the blockchain of choice gaming and metaverse projects, and at the same time, aims at a continued integration with the defi ecosystem.
Japanese tech giant GMO internet group: This partnership aims to explore the use of blockchain cases on Klaytn, with a JPY-pegged stablecoin as an addition.
Indonesia Innovation Factory: This consensus aims to explore the blockchain-based application. The major hit includes; supply chain traceability, asset management solutions, and the use of NFT in entertainment and gaming.
Asian NFT marketplace, East NFT: Amazingly, this agreement will widen the company’s horizon through collaboration with the world’s most significant partners in the art, music, and entertainment space while harnessing the global LGBTQ crypto economy with NFTs based on Y series.
US-based entertainment group, Animal Concerts: This collaboration aims to mint NFTs for A-list celebrities, starting with an NFT auction for a household name artiste in Q1 2022.
Global fintech accelerator F10: The essence of this partnership is to create an incubation program for available blockchain startups within Singapore.
According to David Shin, Head of Global Adoption at Klaytn Foundation, he said:
“We have built tremendous momentum over the past three months and are well-positioned to ride the metaverse wave in 2022. These strategic partnerships in Japan, Indonesia, Thailand, US, and Singapore are core components of our international expansion roadmap. More partnerships with leading gaming companies are in the pipeline.”
Klaytn is a public blockchain interested in the metaverse, gamefi, and the creator economy. Officially launched in June 2019, it is the prevalent blockchain platform in South Korea and is now undergoing global business expansion from its international base in Singapore.
The increase expected in the ecosystem of companies built on Klaytn will be supported by the US$500m Klaytn Growth Fund. The fund is disbursed by Klaytn Foundation, a Singapore-based non-profit organization instituted in August 2021 for this purpose.