Seoul, South Korea, November 20, 2024, Chainwire
Hashed and its expertise arm ShardLab have joined forces with Naver Pay, one of the vital used cell cost providers in South Korea, to combine NFT-based ticketing expertise.
The collaboration, which debuted at Naver's annual expertise convention, DAN24, noticed greater than 20,867 NFTs issued and eight,849 transactions processed with a complete of 6,000 individuals through the two-day occasion, making the initiative one of many largest NFT implementations in South Korea for actual world and occasion primarily based instruments.
Throughout the occasion, these digital property had been seamlessly built-in into the Naver Pay pockets, permitting them for use for entry, exercise verification, and prize entry. Integrating NFT into an current cost system utilized by hundreds of thousands presents a robust use case bridging Web2 and Web3 for a mainstream viewers and gives a proof of idea for wider functions at occasions, concert events and large-scale actions.
The combination makes use of ShardLab's proprietary NFT expertise, together with an airdrop API and sensible contracts, to offer a user-friendly resolution. Not like conventional blockchain functions that require separate wallets, occasion attendees may entry their NFT tickets straight inside their current Naver Pay accounts, bringing a streamlined course of that removes obstacles to adoption.
“This collaboration with Naver Pay marks a step ahead in integrating Web3 expertise into on a regular basis digital experiences,” mentioned Simon Kim, CEO of Hashed. “With our technical recommendation and pleasant method to working with Web2 firms, we will focus and speed up the event of a user-friendly Web3 infrastructure.”
By using NFT-based tickets, attendees obtained affirmation of attendance and simplified authentication for numerous convention actions. This function demonstrated the practicality of blockchain-based options to enhance the consumer expertise with out requiring in depth technical information or new instruments.
“DAN24 represents our first step to introduce NFT expertise into the Naver Pay pockets, following the rising development of implementing NFT for big occasions, concert events and ticketing,” mentioned Mi-young Lee, Director of Pay Infrastructure and Enterprise at Naver Pay. “We’ll proceed to work with main Web3 firms to pioneer progressive digital experiences.”
“We’re honored to offer this distinctive expertise to DAN24 attendees,” mentioned Hojin Kim, CEO of ShardLab. “This collaboration demonstrates the technical maturity and sensible potential of Web3 and redefines what is feasible to attain widespread adoption within the digital surroundings.”
With 2.3 million customers and $13 billion in quarterly transactions, Naver Pay presents a strong platform for scaling Web3 integrations. ShardLab, a analysis and growth partnership between Hashed and SCBX, brings blockchain experience and allows seamless use of Web3 via the trusted Naver Pay ecosystem.
The collaboration between Hashed, ShardLab, and Naver Pay is anticipated to increase to different use circumstances and drive the adoption of blockchain expertise throughout industries.
About Hash
Based in 2017, Hashed is a blockchain-focused enterprise capital agency that conducts in depth funding and analysis actions in international startups and decentralized initiatives pursuing the protocol economic system. Hashed operates globally and maintains a presence in main cities together with Seoul, San Francisco, Singapore and Bengaluru, India.
The agency has made early-stage investments in progressive blockchain startups around the globe, together with Story Protocol, CryptoQuant and dYdX. Relatively than working as a conventional enterprise capital agency, Hashed acts as a “second crew” to its portfolio firms, offering hands-on enterprise growth help to assist them join with the worldwide Web3 ecosystem and speed up their development.
About ShardLab
ShardLab is the innovation arm of Hashed, a number one international Web3 enterprise capital agency primarily based in Asia. Beneath the strategic partnership between Hashed and SCBX (the mother or father of Thailand's main monetary expertise group and the mother or father of Siam Business Financial institution (OTC:)), ShardLab has numerous progressive actions comparable to Web3 R&D, enterprise constructing and ecosystem constructing. The agency's imaginative and prescient is increasing to help the mass adoption of Web3 in Southeast Asia, making expertise extra 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 service in South Korea) that enables customers to make easy funds via pre-registered cost strategies comparable to financial institution accounts, debit playing cards or bank cards. .
Naver is working with e-commerce sellers of all sizes to allow Naver Pay on their very own web sites and put it on the market as a approach to enhance comfort and accessibility for customers.
ContactNeighborhood chiefWooster HanHashedwooster@hashed.com
This text was initially printed on Chainwire
