Home / Latest Breaking News / South Korean Internet Giant Kakao’s Blockchain Platform to Launch in June

South Korean Internet Giant Kakao’s Blockchain Platform to Launch in June

Flooring X, the blockchain arm of South Korean web massive Kakao Corp, has introduced the release date of its personal blockchain platform, a Cointelegraph correspondent realized at Consensus 2019 on Might 13.

In keeping with the announcement, the Klaytn mainnet will release on June 27, 2019, and can purportedly be a significant motive force of blockchain adoption within the nation. Kakao has a 96% marketplace proportion in South Korea, with a presence in messaging, gaming, content material services and products, monetary services and products and mobility services and products.

Kakao introduced its goal of launching a blockchain platform closing March, and launched a testnet model of Klaytn in October. The platform makes a speciality of decentralized apps (DApps). As of October closing 12 months, builders have been operating with round ten home and world companions to check the brand new ecosystem.

Extra lately, Kakao has repeated its preliminary coin providing (ICO) to boost an extra $90 million for Klaytn. In December, the company introduced plans to boost a complete of $300 million via Flooring X to broaden a local token.

Kakao additionally purportedly has plans to liberate an built-in crypto pockets in its messaging app, KakaoTalk, following the discharge of the Klaytn mainnet, consistent with South Korean outlet Fnnews.

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