The developer of the popular messenger KakaoTalk South Korean Kakao Corp. attracted $ 90 million investment to create its own blockchain platform Klaytn. Funding received through a private coin offering, reports Bloomberg.
The participants of the investment round were the funds of IDG Capital, Translink Capital and Crescendo Equity Partners.
Plans to create Klaytn, using the subsidiary of Kakao Corp. company Ground X became known in March last year. Initially, the launch of the platform was planned until the end of 2018, but was postponed several times.
According to the white paper of the project, which was published in November, it was expected that Klaytn will begin work in the first quarter of this year, but now this date has been rescheduled - the new date is already June.
It is noteworthy that Kakao Corp. intends to raise another $ 90 million in funding. A new investment round starts tomorrow, March 12th.
According to CEO Ground X Jason Han, for the first year of the platform, the company intends to register 10 million user accounts. It is also planned to expand the staff, which currently is 65 people.
Ground X plans to integrate various third-party services into the platform, including games and applications for travelers. To transfer the solutions to the blockchain, 26 companies have already been attracted, among which Jason Hahn calls game developer Wemade Entertainment Co. and Chinese travel agency Zanadu.