This is reported by the Cointelegraph, citing information from the conference of Consensus 2019. It announced its intention to create its own blockchain with the support of related services Kakao in March last year. In October, the release of the test version of Klaytn.
The platform is focused on working with decentralized applications and is supposed to help increase the popularity of technology in South Korea - Kakao has a significant market share in the areas of messaging, video games, content delivery, financial and mobile services. At the end of last year, it was reported that Kakao is working with ten internal and foreign partners on testing a new ecosystem.
In March, Kakao conducted another round of fundraising, which allowed her to attract another $ 90 million to develop Klaytn. Before that, she stated that through her own unit, Ground X, she intends to attract a total of $ 300 million to create her own token.
It is assumed that after the release of Klaytn, the crypto wallet will be integrated into the KakaoTalk messenger, which is extremely popular in South Korea.