South Korean messaging giant Kakao has announced plans to release its cryptocurrency wallet ‘Klip’ within the year. The firm posted a teaser page to the “More” tab in its KakaoTalk app on August 12. Kakao said it plans to introduce a full service this year.
Developed by Kakao’s blockchain affiliate GroundX, Klip will be a digital wallet that manages user information and digital assets. It will support Klay, the native token of Klaytn, and related tokens based on Klaytn.
In an echo of Facebook’s Libra project, Kakao also said that it will be possible to use Klip through KakaoTalk without installing other apps. Kakao said it aims to improve accessibility by making Klips available directly from the KakaoTalk ‘More’ tab. It aims to boost adoption of blockchain technology by letting its 50 million KakaoTalk users organically encounter Klaytn-based services through Klip.
South Korea is the world’s largest country with the highest blockchain penetration and participation, while Kakao has a 96% market share in the Korean mobile market, with nearly 50 million active, authentic, high-quality users. Kakao’s business involves communications, games, content services, financial services and mobile services. Its communication application KakaoTalk is called the “Korean version of WeChat.”
In December 2018, DATA and Kakao GroundX officially cooperated to incubate the first blockchain application of DATA ecosystem, Antube, and officially released the alpha version on January 1, 2019, which has accumulated nearly 500,000 users at present. After close cooperation in the past six months, DATA and Klaytn also decided to further deepen the cooperation in the blockchain field, and formally established a strategic partnership on July 9, 2019.
As strategic partner of Ground X and Klaytn, DATA(DTA) will be integrated into Klip. Antube, the first ecosystem application of DATA is first introduced in Klip, which will support DTA and ATT. Kakao’s cryptocurrency wallet Klip will help DATA further improve brand value, expand user base and promote ecosystem development.
DATA is a blockchain-based digital data authentication protocol powered by AI & P2P mobile storage infrastructure. DATA’s core technology stack and business model is similar to BAT(Basic Attention Token) and Filecoin (IPFS), but only focused on mobile industry. Antube is the first App that adopts attention-based monetization advertisement SDK in DATA ecosystem, and it also helps to further expand the real use case as well as user base of DATA through cooperation with Kakao Klaytn ecosystem.
December 2018, Antube was incubated by Kakao GroundX and DATA. Antube is a blockchain-based mobile video community that combines DATA’s wallet, SDK and M3 mobile decentralized distributed storage framework, allowing users to mine coins based on the effective attention spent on viewing mobile ads and videos. On Jan 1, 2019, Antube officially released Alpa Test version. Mar 2019, Antube released open Beta Test. On Aug 1, 2019, Antube officially launches on Klaytn Mainnet and releases wallet system. In the future, Antube will collaborate with more first-class industry partners to expand its ecosystem and user base.
About Ground X
Ground X is the blockchain subsidiary of Korea’s largest mobile platform, Kakao, with over 50 million monthly users. By developing a scalable blockchain platform with tangible and practical blockchain services, Ground X aspires to achieve mass adoption of blockchain-empowered services as to substantiate the value and utility of blockchain technology.
About Kakao’s Klaytn Mainnet
Klaytn is a service-centric blockchain platform with a mission: to trigger the mass-adoption of blockchain experience for millions of users across the world. To realize this ambitious goal, Klaytn focuses on empowering businesses and entrepreneurs to offer Blockchain Applications (BApps) with responsiveness, robustness, and usability on par with those based on legacy technologies as to remove all adoption hurdles. Further, Klaytn collaborates with numerous reputable global brands to run its distributed network under a transparent, shared governance and to build a reliable business platform supported by decentralized trust.
The teaser page of Klip: https://wallet.ground1.io/
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