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Seoul, South, Korea, November twentieth, 2024, Chainwire
Hashed and its expertise arm, ShardLab, have joined forces with Naver Pay, one of many highest-used cell fee companies in South Korea, to combine NFT-based ticketing expertise.
The collaboration, which debuted at Naver’s annual expertise convention, DAN24, noticed over 20,867 NFTs issued and eight,849 transactions processed through the two-day occasion, with a complete of 6,000 attendees, making this initiative one in every of South Korea’s largest deployments of NFTs for real-world and event-based utilities.
Through the occasion, these digital belongings had been seamlessly built-in into the Naver Pay pockets, enabling their use for admission, exercise verification, and prize entry. The combination of NFTs into an current fee system utilized by tens of millions represents a powerful use case bridging Web2 and Web3 for mainstream audiences and gives proof of idea for broader purposes in occasions, concert events, and large-scale actions.
The combination leverages ShardLab’s proprietary NFT expertise, together with airdrop APIs and good contracts, to supply a user-friendly answer. In contrast to conventional blockchain purposes that require separate wallets, on the occasion attendees may entry their NFT tickets immediately inside their current Naver Pay accounts, bringing a simplified course of eradicating boundaries to adoption.
“This collaboration with Naver Pay signifies a step ahead in integrating Web3 expertise into on a regular basis digital experiences,” stated Simon Kim, CEO of Hashed. “With our technical advisory and collaboration-friendly strategy with Web2 firms, we are able to focus and speed up the event of user-friendly Web3 infrastructure.”
By means of using NFT-based tickets, attendees obtained proof of attendance and streamlined authentication for numerous convention actions. This performance showcased the practicality of blockchain-based options to raise person expertise with out requiring in depth technical information or new instruments.
“DAN24 marks our first step in bringing NFT expertise to Naver Pay Pockets, following the rising development of NFT adoption in main occasions, concert events, and ticketing,” stated Mi-young Lee, Head of Pay Infrastructure and Enterprise at Naver Pay. “We are going to proceed to work with main Web3 firms to pioneer progressive digital experiences.”
“We’re honored to supply this distinctive expertise to DAN24 attendees,” stated Hojin Kim, CEO of ShardLab. “This collaboration demonstrates the technical maturity and sensible potential that Web3 holds, redefining what is feasible to realize widespread adoption within the digital panorama.”
With 2.3 million customers and $13 billion in quarterly transactions, Naver Pay gives a sturdy platform to scale Web3 integrations. ShardLab, an R&D partnership between Hashed and SCBX, brings blockchain experience, enabling seamless Web3 experiences via Naver Pay’s trusted ecosystem.
The collaboration between Hashed, ShardLab, and Naver Pay is anticipated to broaden into extra use circumstances, supporting the adoption of blockchain expertise throughout industries.
About Hashed
Hashed, established in 2017, is a blockchain-focused enterprise capital agency that conducts in depth funding and analysis actions in international startups and decentralized initiatives pursuing protocol economic system. Working globally, Hashed maintains presence in main cities together with Seoul, San Francisco, Singapore, and Bengaluru, India.
The agency has made early-stage investments in progressive blockchain startups worldwide, together with Story Protocol, CryptoQuant, and dYdX. Moderately than functioning as a standard enterprise capital agency, Hashed operates as a ‘second crew’ to its portfolio firms, offering hands-on enterprise growth help to assist them join with the worldwide Web3 ecosystem and speed up their development.
About ShardLab
ShardLab is the innovation arm of Hashed, a number one international Web3 enterprise capital agency based mostly in Asia. Beneath the strategic partnership between Hashed and SCBX (the mothership of Thailand’s main monetary expertise group and the dad or mum firm of Siam Business Financial institution (OTC:)), ShardLab is having numerous progressive actions, equivalent to Web3 R&D, enterprise constructing, and ecosystem constructing. The agency’s imaginative and prescient extends to fostering mass adoption of Web3 in Southeast Asia, making expertise accessible, and empowering communities on this dynamic digital frontier.
About Naver Pay
Naver Pay is a fintech service offered by Naver Monetary (Subsidiary of Naver, the biggest IT and search engine service in South Korea) that permits customers to make easy funds via pre-registered fee strategies equivalent to financial institution accounts, debit playing cards, or bank cards.
Naver companions with e-commerce sellers of all sizes to allow Naver Pay on their very own web sites, selling it as a method to improve comfort and accessibility for customers.
ContactGroup LeadWooster HanHashedwooster@hashed.com
This text was initially revealed on Chainwire