| Photo courtesy of Kakao
On the 26th, Kakao Enterprise signed a business agreement (MOU) with Loli Joe’s Company to develop a non-fungible token (NFT) platform (NFTaaS∙NFT as a Service) and a Metaverse platform (MVaaS∙MetaVerse as a Service). revealed.
Lolly Joe’s Company operates ‘Oh Lolly Day’, which develops and presents various products and content based on the ‘Ugly’ character, which is very popular among the MZ generation. O’Lolly Day is about to expand beyond the online and offline real world of the ‘Happy Town’ worldview formed by O’Lolly Day’s fandom into the virtual world. Based on intellectual property rights (IP) and global fandom, we plan to not only issue NFTs but also build a metaverse ecosystem. Through this business agreement, Kakao Enterprise will participate in the development and operation of O’Lolly Day’s NFT/Metaverse project based on artificial intelligence (AI), cloud (virtual server), infrastructure-based technology, and information technology (IT) operation know-how. Cooperate in building the necessary skills. We plan to support the development of O’Lolly Day’s NFT/Metaverse platform by providing a platform as a service (PaaS∙Platform as a Service) based on Kakao Enterprise’s corporate cloud, ‘Kakao i Cloud’.
The two companies plan to jointly discover commerce business opportunities based on O’Lolly Day’s lifestyle product and content production and intellectual property (IP)-based fandom industry know-how.
Lee Dong-woo, senior vice president of Kakao Enterprise, said, “We expect that the combination of Kakao Enterprise’s technology and O’Lolly Day’s strong IP will play a big role in expanding the NFT-Metaverse ecosystem.” He added, “Kakao Enterprise is a company with a good idea that will lead the NFT business.” “We plan to work harder on NFT decentralization by creating various best practices to make it easily accessible.”
Source: Pangyo Techno Valley Official Newsroom
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