Insights

We are Seeing the First Wave of Tech Conglomerates Coming into Crypto Globally

This space is getting increasingly more interesting. Facebook is looking to announce their blockchain initiative on June 18th, as will Korea's messaging app Kakaotalk, which will be launching its layer-1 Klatyn blockchain on main-net on June 27th. Additionally, we are also starting to see Chinese tech conglomerates doing something they've never really done before- open sourcing their blockchain platforms.

Kakao's User Acquisition Strategy Focus on Korea and North America

For folks not familiar with Kakao, Kakao is Korea’s leading mobile platform with more than 50 million monthly active users. 

Back in early March, the company's blockchain unit GroundX raised $90 million through a private coin offering. Venture capital and private equity funds including IDG Capital, Cresendo Equity Partners and Translink Capital participated in the round.

With just over a year under its belt, and over 100 employees in the team, the Klatyn blockchain aims to launch its main-net on June 27...

 


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