The South Korea Blockchain Platform Klaytn might see the domestic dominance decline if it cannot keep up with the competitors such as Polygon!
South Korea’s Non-Fungible Token (NFT) has quickly expanded throughout 2021. It was led by the crypto growth and NFT services offered by the Kaka. However, opponents are entering the fray.
Further, Klaytn is the blockchain refined by the Korean tech startup GroundX and Kakao. It has become the first choice for the Koreans searching for the network to sell and buy the NFTs.
The klaytn’s market dominance in Korea is unparalleled. Their KakaoTalk as a Flagship product suite has over 52 million active users. It indirectly corporates Klaytn’s Klip crypto wallet into its mobile app.
The CEO of Spoon, Sangdi, which is an NFT creator platform in South Korea, told the Cointelegraph that If KakaoTalk pushes them, the normal audience who haven’t encountered the crypto will become familiar with them. Further, they will accept the NFT as a culture then.
Klaytn is one of the three blockchains supported by the biggest OpenSea NFT marketplace. Besides that, Kakao owns the Krafterspace NFT minting service. They have posted the 37000 NFT’s for sale on the OpenSea and almost 7000 of them already have been purchased
In addition, Korean NFT creators are aware that the platform on Klaytn has been customized for Korean collectors. Further, Sangdi said that we are aiming for the Korean market first, then we’ll go for the global market.
