Seoul, South Korea, November 20, 2024, Chainwire
Hashed and its know-how arm, ShardLab, have partnered with Naver Pay, one of the crucial extensively used cell cost companies in South Korea, to combine NFT-based ticketing know-how.
The collaboration, which debuted at Naver's annual know-how convention, DAN24, noticed over 20,867 NFTs minted and eight,849 transactions processed through the two-day occasion, with a complete of 6,000 attendees, making this initiative one of many largest real-world NFT deployments in South Korea. world and event-based utilities.
Through the occasion, these digital belongings have been seamlessly built-in into the Naver Pay pockets, enabling their use for admission, exercise verification and prize entry. Integrating NFTs into an present cost system utilized by tens of millions represents a robust use case bridging Web2 and Web3 for the lots and offers proof of idea for broader functions in occasions, live shows and large-scale actions.
The combination leverages ShardLab's proprietary NFT know-how, together with airdrop APIs and sensible contracts, to offer a user-friendly answer. Not like conventional blockchain functions that require separate wallets, occasion attendees might entry their NFT tickets immediately from their present Naver Pay accounts, bringing a streamlined course of eradicating obstacles to adoption.
“This collaboration with Naver Pay represents a step ahead in integrating Web3 know-how into on a regular basis digital experiences,” stated Simon Kim, CEO of Hashed. “Via our method to technical consulting and collaboration with Web2 firms, we will focus and speed up the event of user-friendly Web3 infrastructure.”
Via using NFT-based tickets, attendees obtained proof of attendance and simplified authentication for numerous convention actions. This function demonstrated the practicality of blockchain-based options to enhance person expertise with out requiring deep technical information or new instruments.
“DAN24 marks our first step in direction of integrating NFT know-how into Naver Pay Pockets, following the rising pattern of NFT adoption in main occasions, live shows and ticketing,” stated Mi-young Lee, Head of cost infrastructure and enterprise at Naver Pay. “We’ll proceed to work with main Web3 firms to pioneer revolutionary 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 of Web3, redefining what is feasible to attain widespread adoption throughout the digital panorama.”
With 2.3 million customers and $13 billion in quarterly transactions, Naver Pay gives a strong platform for scaling Web3 integrations. ShardLab, an R&D partnership between Hashed and SCBX, brings blockchain experience, enabling seamless Web3 experiences by means of Naver Pay's trusted ecosystem.
The collaboration between Hashed, ShardLab and Naver Pay is anticipated to develop to extra use instances, supporting the adoption of blockchain know-how throughout industries.
About Hached
Hashed, established in 2017, is a blockchain-focused enterprise capital agency with intensive funding and analysis actions in world startups and decentralized initiatives pursuing the protocol financial system. Working globally, Hashed maintains a presence in main cities together with Seoul, San Francisco, Singapore and Bangalore, India.
The corporate has made early investments in revolutionary blockchain startups around the globe, together with Story Protocol, CryptoQuant and dYdX. Quite than working like a conventional enterprise capital agency, Hashed capabilities as a “second workforce” to its portfolio firms, offering them with hands-on enterprise improvement assist to assist them hook up with the worldwide Web3 ecosystem and speed up their development.
About ShardLab
ShardLab is the innovation arm of Hashed, a number one world Web3 enterprise capital agency based mostly in Asia. As a part of the strategic partnership between Hashed and SCBX (the mothership of Thailand's main fintech group and the guardian firm of Siam Industrial Financial institution (OTC:)), ShardLab carries out numerous revolutionary actions, corresponding to Web3 R&D, creation of enterprise capital and the creation of ecosystems. The corporate's imaginative and prescient extends to selling mass adoption of Web3 in Southeast Asia, making the know-how accessible and empowering communities on this dynamic digital frontier.
About Naver Pay
Naver Pay is a fintech service supplied by Naver Monetary (a subsidiary of Naver, the biggest IT and search engine service in South Korea) that enables customers to make easy funds by way of pre-registered cost strategies corresponding to accounts financial institution playing cards, 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 solution to enhance comfort and accessibility for customers.
ContactNeighborhood supervisorWooster HanAxwooster@hashed.com
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