Kakao Enterprise has entered into a partnership with ‘TREASURE Labs’, a multi-chain-based NFT and Metaverse specialist company, to build a new NFT and Metaverse business.
Treasure Labs is Korea’s first-generation NFT company that sold out the first collectible art NFT in Korea based on its original NFT character design and concept. Recently, the company changed its name from ‘Treasures Club’ to Treasure Labs and began full-fledged global expansion targeting the North American and European markets.
Kakao Enterprise plans to build a competitive NFT ecosystem with Treasure Labs to develop new services and new businesses and expand them into a sustainable metaverse service. The two companies plan to cooperate with each other to develop the technical infrastructure and platform necessary for the development and operation of NFT services, such as NFT issuance and management, data storage, and guarantee, and jointly promote NFT projects linked to real products.
Through this collaboration, Kakao Enterprise’s AI and cloud technology and platform operation know-how as Korea’s leading IT platform will be combined with Treasure Labs’ NFT issuance, operation, and development capabilities to create business opportunities in various industries such as leisure and F&B. It is expected.
A Treasure Labs official said, “We are pleased that Treasure Labs, Korea’s leading NFT company, and Kakao Enterprises, Korea’s largest IT platform company, are joining hands through this partnership. “We believe that through cooperation between the two companies, we will be able to increase accessibility to the general public and realize popularization of the NFT and Metaverse industries.”
He continued, “Now that we are together, we plan to generously support Treasure Labs’ unique IP, NFT production capabilities, and the network it has built over a long period of time. “We hope that the capabilities of both companies will create a positive synergy effect, leading to successful business expansion beyond the domestic market and into the global market,” he added.
Lee Dong-woo, senior vice president of Kakao Enterprise, said, “We have entered into meaningful cooperation for a competitive NFT ecosystem with Treasure Labs, which has the longest experience and know-how in the domestic collectible art NFT industry,” and added, “Kakao Enterprise’s AI and Kakao i Cloud ( “We plan to spare no effort in investing heavily to enable various companies to become members of the NFT ecosystem with good ideas based on Kakao i Cloud.”
Meanwhile, Kakao Enterprise signed a business agreement with the NFT project team ‘Clay Ape Club’ last March and joined the NFT and Metaverse ecosystem in earnest based on infrastructure technology and platform operation know-how. Since then, they have announced collaboration with ‘Lolly Joe’s Company’, which operates Oh Lolly Day, and are working on building and upgrading NFTaaS (NFT as a Service) based on Kakao i Cloud.
Source: Pangyo Techno Valley Official Newsroom
→ Go to ‘Asian Innovation Hub Pangyo Techno Valley 2022’ news