OpenSea and Kakao’s Klaytn Collaborate to Expand NFT Across Asia
- Ground X, the blockchain subsidiary of South Korean internet juggernaut Kakao, founded the Klaytn Foundation.
- The Bank of Korea is working with Ground X on a pilot project for central bank digital currency (CBDC).
- The largest NFT marketplace in the world supports four blockchains: Klaytn, Polygon, Solana, and Ethereum.
OpenSea, the world’s largest marketplace for digital collectibles and crypto assets, announced a partnership with Klaytn, Kakao’s public blockchain platform. The partnership will help OpenSea expand its reach in Asia and continue to build the infrastructure for the non-fungible token (NFT) ecosystem.
Kakao’s Klaytn is one of the most widely used blockchain platforms in South Korea and is quickly gaining adoption throughout Asia. Klaytn’s unique user experience, scalability, and easy-to-use developer tools make it an ideal platform for NFT applications. With OpenSea’s massive catalog of digital assets and experiences, Klaytn users will have access to a wide variety of NFTs, including gaming items, art, music, and more.
OpenSea also Partnering with Gnosis Safe
OpenSea has been working closely with many of the top projects in the space to grow the NFT ecosystem. This includes partnerships with Gnosis Safe to provide secure storage for Collectibles, decentralized finance protocols like MakerDAO and Compound to enable lending and borrowing of NFTs, and Ethereum Name Service (ENS) to allow anyone to send crypto assets to human-readable names like “YourName.eth”. The partnership with Klaytn marks OpenSea’s first major expansion into Asia and underscores our commitment to building a global marketplace for NFTs.
The partnership between Klaytn and OpenSea will include collaborations on conferences and meetups as well as ecosystem grants for Asian projects building on Klaytn. These events will help raise awareness of Klaytn among developers and users in the West and encourage more adoption of Klaytn-based applications globally.
Klaytn Foundation is dedicated to building a blockchain ecosystem convenient for mass adoption. To achieve this, the Foundation provides an easy-to-use development platform and infrastructure for enterprises and developers. The Klaytn Platform is built on top of Kakao’s existing channels, such as KakaoTalk and KakaoStory, which have millions of monthly active users. This allows businesses to quickly launch their services on Klaytn with little effort or cost.
The Foundation also supports the growth of the Klaytn developer community by funding projects and initiatives that promote adoption and education. For example, the Foundation recently launched the Klaytn Developer Portal (https://developer.klaytn.com/) to provide comprehensive resources for those interested in building on Klaytn. The Portal includes tutorials, API references, best practices, and more.
By making blockchain technology accessible and convenient for everyday use, the Klaytn Foundation hopes to accelerate the mass adoption of blockchain worldwide.
Barry Pene is a stern blockchain research/copywriter. Barry has been trading cryptos since 2017 and has been invested in issues that would put the blockchain industry on the right pedestal. Barry's research expertise cuts across blockchain as a disruptive technology, DeFis, NFTs, Web3, and reduction of energy consumption levels of cryptocurrency mining.
