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11/03/19 09:36 UTC-4

Kakao application operator collected $ 90 million for blockchain platform

Kakao, the South Korean messaging application operator, raised over $ 90 million in a private coin offer round for its blockchainBlockchain
is a continuous and sequential block chain of information (digital linked list). When building a blockchain, copies of related blocks are simultaneously stored on multiple computers.Details
unit, Ground X Corp, according to Bloomberg, a leading financial information provider for professional participants in financial markets.

Bloomberg announced this news after successfully completing the Kakaos funding round of $ 90 million from venture and private equity funds, including IDG Capital, Cresendo Equity Partners and Translink Capital.

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Klaytn Platform release

Kakao plans to release its blockchain platform in June, known as Klaytn. Klaytn is a service-oriented blockchain platform that provides a simple development environment and ease of working with the end user. The platform allows you to create real large-scale applications. Klaytn is the future developed by Ground X.

Ground X will seek to hold another round of funding planned for March and is going to raise about as much money as before.

Kakao will seek to launch Blockchain platform services, such as games and travel apps. GroundX blockchain platform includes Wemade Entertainment Co game developer, Watcha Inc. and Zanadu travel agency.

Jason Han, CEO of Ground X, commented on the future of Ground X: "There will be a wide range of services, and the blockchain service is also expected to create more than 10 million accounts over the course of a year, taking advantage of the existing services."

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Kakao application operator raised $ 90 million for the blockchain platform. With new funding and a statement from Han about the start of Ground X aggressive hiring, the blockchain platform will be launched this year.

Editor: Alyona Nabok

See also: "FCA, the British financial regulator, issued a warning on the Next Coin Market"

#Kakao #blockchainplatform #blockchain #Klaytn

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