Blockchain Press Releases
Tiger Research Releases Special Report on the Korean Web3 Market in Partnership with Korea Blockchain Week
Real-world asset (RWA) tokenization and entertainment to be the leading contributor to Web3 expansion in Korea
Conglomerates such as SK, LG, and Lotte are enhancing the credibility of Web3 technology, leading to overall market growth
SEOUL, South Korea, Sept. 2, 2024 /PRNewswire/ — Tiger Research today released its special research report on Korea’s Web3 landscape, titled “Korea Web3 Market Guide.” Authored in collaboration with the founder of the Korea Blockchain Week (KBW), FACTBLOCK, Web3 ecosystem builder, and the co-host, Hashed, Asia’s leading Web3 VC Fund, the report aims to offer a primer for international investors and businesses ahead of KBW, which will be held from September 1-7, 2024.
The report explores key drivers positioning South Korea as a pivotal force in global Web3 evolution. It covers the market’s regulatory, socio-economic, and cultural context, along with 18 Web3 ecosystem components contributing to its vibrant progress.
Key factors driving South Korea’s growth in the Web3 market include:
- Substantial Trading Volume: Approximately one in ten Koreans (6.45 million users, or 12.5% of the total population) are registered with domestic exchanges This high engagement highlights the country’s strong interest in crypto. Earlier this year, daily crypto trading volume surpassed that of the KOSPI (Korea Composite Stock Price Index), underscoring the strong enthusiasm for crypto.
- Expansion of Korean IP through RWA: Amid domestic regulatory uncertainty, Korean RWA market participants are increasingly expanding globally. This shift provides international investors access to Korea’s rich intellectual property and high-quality assets. As regulations evolve, the Korean RWA market presents promising long-term investment opportunities.
- Entertainment and Gaming: Web3 offers new business models for Korean entertainment and gaming companies. Modhaus, a leading example in Web3 popularization, is gaining attention due to growing global interest in K-pop. Likewise, as the fourth-largest gaming market globally, Korea’s gaming ecosystem is at the forefront of Web3 gaming innovation, surpassing international competitors.
- Large Enterprises Accelerating Investment and Growth: The Web3 market in Korea is distinguished by the active involvement of conglomerates, with over half of the 82 registered ‘large enterprises’ pursuing Web3 initiatives. These investments are significantly accelerating the industry’s growth and maturation.
- Robust IT infrastructure and skilled workforce: Korea’s advanced technological capabilities and highly skilled talent pool provide a solid foundation for Web3 innovation. The market boasts a high developer-to-population ratio (4%), surpassing Japan (2.63%) and China (0.66%).
Tiger Research stated, “South Korea’s position in the Web3 industry is highly significant. The country ranks among the top globally in terms of cryptocurrency trading volume, with the Korean won rivaling the US dollar in trading volume. While many projects are actively seeking to enter the Korean market, the prevailing perception of Web3 as an industry that requires regulation and oversight has somewhat slowed its growth.”
“This report provides a comprehensive analysis of the current Korean Web3 and blockchain market and its future potential,” said Seonik Jeon, CEO of FACTBLOCK. “Since the inception of the Korean Blockchain Week in 2018, FACTBLOCK has dedicated itself to highlighting the importance of the Korean market and fostering global blockchain collaboration. We hope this report will serve as a catalyst for advancing the development of a unified Web3 ecosystem alongside KBW.”
“The report highlights the increasing adoption of Web3 technologies across various sectors in South Korea, including finance, gaming, infrastructure, solutions and entertainment. “The Web3 industry has moved beyond its initial infrastructure phase and is now being creatively applied across various sectors,” said Simon Kim, CEO of Hashed. “Korea Blockchain Week 2024, set against this backdrop of transformation, will provide a crucial overview of the latest trends and innovations in the global Web3 ecosystem.”
For market entry, the report notes that while South Korea has shifted from an outright crypto ban to a focus on investor protection, it maintains stringent standards compared to its global peers. With Web3 promotion being a prominent topic in the political sphere, the report concluded that closely monitoring the regulatory developments and approaching the market from a long-term perspective will be important.
About Korea Blockchain Week
Founded by FACTBLOCK and co-hosted by Hashed, Korea Blockchain Week (KBW) is an annual global blockchain and web3 festival held in Seoul, South Korea, since 2018. It has been a gathering ground for the top global blockchain and web3 leaders and unifying diverse communities.
KBW curates multiple prestigious main events, including the flagship conference ‘IMPACT.’ This provides participants and attendees exclusive opportunities to exchange industry insights and indulge in an immersive blend of music, art, and culture, making KBW a unique and enriching experience for all involved. https://koreablockchainweek.com/
About Tiger Research
Tiger Research is a research and GTM (Go-To-Market) advisory firm centered on the Asian Web3 market. With a mission to empower everyone in a borderless digital economy, Tiger Research delivers world-class research and business advisory services to world’s most respected businesses and institutions. https://www.tiger-research.com/
View original content:https://www.prnewswire.co.uk/news-releases/tiger-research-releases-special-report-on-the-korean-web3-market-in-partnership-with-korea-blockchain-week-302236060.html
Blockchain Press Releases
aelf and Gaia Join Forces to Host Hello [AI], Celebrating the Convergence of AI and Blockchain
![aelf-and-gaia-join-forces-to-host-hello-[ai],-celebrating-the-convergence-of-ai-and-blockchain](https://theblockchainexaminer.com/wp-content/uploads/2024/09/52308-aelf-and-gaia-join-forces-to-host-hello-ai-celebrating-the-convergence-of-ai-and-blockchain.jpg)
Kick Off TOKEN2049 week with aelf’s high-energy AI-themed event, joined by leading AI and Web3 projects including Gaia, NEAR, Schelling AI, Sapien, and more.
SINGAPORE, Sept. 6, 2024 /PRNewswire/ — aelf, a leading AI-enhanced Layer 1 blockchain network, is hosting Hello [AI], a dynamic event to kick off TOKEN2049 week in Singapore. Taking place on 16 September 2024 at SKAI Loft, Singapore, this celebration marks aelf’s bold pivot towards integrating artificial intelligence with blockchain technology to unlock new frontiers in efficiency, scalability, intelligence, and security.
Co-hosted by Gaia and featuring partners including Asia Blockchain Gaming Alliance (ABGA), NEAR, Plug and Play, Sapien, and Schelling AI, Hello [AI] will set the stage for a dynamic week of innovation and collaboration. The event is also supported by Google Cloud and Microsoft.
Brian Liang, COO of aelf, shares, “Partnering with these leading names in AI and blockchain, Hello [AI] embodies aelf’s vision of creating a vibrant, AI-enhanced blockchain ecosystem.” He adds, “Our AI-themed event also serves as a launchpad for deeper collaboration and innovation within the different Web3 communities, with TOKEN2049 offering the perfect backdrop to showcase our commitment to shaping the future of blockchain with AI at its core.”
More than just a celebration—Hello [AI] also serves as a platform for thought leadership and networking, underscoring aelf’s commitment to shaping the future of AI-blockchain technology. The event will feature a panel discussion titled “The Next Frontier — AI-Powered Blockchain Application” and a fireside chat exploring the question, “Can AI Become Truly Decentralised?” These sessions will bring together founders, industry leaders, and seasoned developers to discuss the transformative potential of AI in the blockchain space.
“At Gaia, we see the convergence of AI and blockchain as a pivotal moment for innovation. Partnering with aelf for Hello [AI] allows us to showcase how decentralised AI can empower knowledge holders and developers to build a secure, evolving ecosystem. This collaboration not only highlights our shared vision for the future of Web3 but also underscores Gaia’s commitment to breaking down barriers and redefining what’s possible in the AI and blockchain space,” shared Brennen Schlueter, CMO of Gaia.
As aelf continues to lead the charge in integrating advanced AI technologies into the blockchain ecosystem, Hello [AI] sets the stage for its ongoing mission to redefine the boundaries of both technologies. This event opens new opportunities for growth and transformation within the blockchain community, enabling participants to engage with thought leaders, network with industry peers, and collectively explore the future of Web3.
Stay updated on aelf’s news and engage with the aelf community on:
Website: https://aelf.com
Telegram: https://t.me/aelfblockchain
Discord: https://discord.gg/aelfblockchain
About aelf
aelf, an AI-enhanced Layer 1 blockchain network, leverages the robust C# programming language for efficiency and scalability across its sophisticated multi-layered architecture. Founded in 2017 with its global hub in Singapore, aelf is a pioneer in the industry, leading Asia in evolving blockchain with state-of-the-art AI integration and modular Layer 2 ZK Rollup technology, ensuring an efficient, low-cost, and highly secure platform that is both developer and end-user friendly. Aligned with its progressive vision, aelf is committed to fostering innovation within its ecosystem and remains dedicated to advancing Web3 and AI technology adoption.
For more information about aelf, please refer to our Whitepaper V2.0: https://docs.aelf.com/resources/whitepaper-2/
About Gaia
Gaia is a pioneering decentralized AI platform dedicated to transforming knowledge into a dynamic, secure, and collaborative ecosystem. By bridging the gap between centralized AI solutions and open-source models, Gaia offers a unique network of living knowledge organisms that adapt and grow continuously. Our platform empowers knowledge holders to protect and monetize their intellectual property while enabling developers to build innovative, smarter applications on top of a secure, evolving foundation. With a commitment to privacy, adaptability, and collaboration, Gaia is redefining the future of AI, making knowledge a vibrant, protected, and accessible resource for all.
Disclaimer: The information provided in this press announcement is for general informational purposes only and does not constitute legal, financial, or investment advice. aelf makes no representations or warranties of any kind, express or implied, regarding the accuracy, completeness, or reliability of the information provided in this press announcement. Any reliance you place on such information is strictly at your own risk. Blockchain technology and cryptocurrency involve inherent risks, including but not limited to market volatility, regulatory changes, and potential security vulnerabilities. By accessing and using the information provided in this press announcement, you agree to indemnify and hold aelf, its officers, directors, employees, and agents harmless from and against any and all claims, liabilities, damages, losses, or expenses arising out of or in connection with your use of the information in this press announcement. aelf reserves all rights not expressly granted in this press announcement.
Photo – https://mma.prnewswire.com/media/2498524/image_5031014_38287611.jpg
Logo – https://mma.prnewswire.com/media/2386710/aelf__Blue_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/aelf-and-gaia-join-forces-to-host-hello-ai-celebrating-the-convergence-of-ai-and-blockchain-302240720.html
Blockchain Press Releases
Board the TOKEN2049 Treasure Express With Bybit and Dive Into an $80,000 Prize Pool
DUBAI, UAE, Sept. 6, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, set out to make the community’s TOKEN2049 journey more rewarding. Gearing up for the most anticipated blockchain and Web3 event in the region, Bybit is thrilled to announce three bonus events to enable both attendees and remote fans to both be part of the experience.
The winning opportunities are open to both attendees of TOKEN2049 and followers from afar. Through trading and offline events, participants stand to get free tickets, a share of the $80,000 prize pool in airdrops and coupons, and Bybit merchandise.
Event 1: TOKEN2049 Treasure Express
From now to Sep. 26, 2024, Bybit users may register for the event and complete tasks by depositing and trading assets to earn lucky draw tickets. The wheel of fortune will turn to one of the three prizes:
1. A pair of tickets to TOKEN2049;
2. A share of the airdrop prize pool valued at $50,000 featuring the hottest tokens, including DOGS, PEPE, SOL, XRP, TON and USDT; or
3. Up to 50 USDT in spot coupons.
Even more rewards await in referrals and social media giveaways. For details, visit: TOKEN2049 Treasure Express
Event 2: Share and Unlock
From now to Sep. 30, 2024, unleash your social media magic for a chance to win a 10 USDT spot trading coupon. Share a Bybit blog link and your thoughts on Bybit and Web3. Remember to tag @Bybit_Official and use the hashtag #UnlockWeb3Future and submit the form with us here: #UnlockWeb3Future at TOKEN2049 with Bybit
Event 3: Meet us offline at TOKEN2049
Spot our logo at TOKEN2049 and capture a photo at the Bybit booth (M50) to win Bybit merchandise. Remember to share to your social media channels and use the right hashtag. For details, visit: #UnlockWeb3Future at TOKEN2049 with Bybit
An advocate for a sustainable Web3 ecosystem, Bybit will be featured prominently at TOKEN2049 on a series of keynote panels, thought leadership and community events, and booth M50.
#Bybit / #TheCryptoArk
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 40 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.
For more details about Bybit, please visit Bybit Press.
For media inquiries, please contact: [email protected]
For more information, please visit: https://www.bybit.com
For updates, please follow: Bybit’s Communities and Social Media
Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube
Logo – https://mma.prnewswire.com/media/2267288/Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/board-the-token2049-treasure-express-with-bybit-and-dive-into-an-80-000-prize-pool-302240594.html
Blockchain Press Releases
Bybit Expands Global Reach, Receives Formal Consent for Full Authorization in Kazakhstan
DUBAI, UAE, Sept. 6, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is excited to announce it’s among the first to be granted consent to a full authorization by the Astana Financial Service Authority (AFSA). This milestone brings Bybit closer to becoming a fully regulated Digital Asset Trading Facility (DATF).
As part of a rigorous process, Bybit Kazakhstan has passed a full AML check, business conduct audit, and detailed compliance inspections. This is part of Bybit’s focus on securing new user opportunities in Kazakhstan and the broader Commonwealth of Independent States (CIS) region.
“Kazakhstan has become a key player in the global crypto ecosystem, and we are thrilled to be expanding our services in such a dynamic market,” said Ben Zhou, co-founder and CEO of Bybit. “We are committed to bringing our cutting-edge technology, security, and transparency to crypto traders in Kazakhstan, ensuring they can access the best possible tools and services to thrive in this fast-growing industry.”
Once the full license is in place, Bybit Kazakhstan will offer various digital assets related products and services. The expansion into Kazakhstan aligns with Bybit’s mission to provide reliable and transparent services, catering to the unique needs of crypto traders and investors in the region.
This development follows Bybit’s receipt of its initial operating and custody licenses from AFSA in June 2023, reinforcing its commitment to local regulatory requirements. Bybit’s ongoing efforts to strengthen its presence in Kazakhstan underscore its belief in responsible growth and ensuring a compliant and secure trading environment.
Kazakhstan has quickly emerged as a hub for crypto innovation, and Bybit is proud to play a leading role in fostering this development. For example, Bybit hosted a “Foundations of Blockchain, Web3 and Crypto Exchange Activities” course for Banks of Kazakhstan in 2024. This event was part of Bybit’s drive to make blockchain education more accessible in the CIS region.
By securing this full authorization, Bybit is poised to enhance crypto adoption, provide institutional-grade security, and offer advanced trading features to its growing regional user base.
#Bybit / #TheCryptoArk
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 40 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.
For more details about Bybit, please visit Bybit Press.
For media inquiries, please contact: [email protected]
For more information, please visit: https://www.bybit.com
For updates, please follow: Bybit’s Communities and Social Media
Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube
Logo – https://mma.prnewswire.com/media/2267288/Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/bybit-expands-global-reach-receives-formal-consent-for-full-authorization-in-kazakhstan-302240634.html
-
Blockchain Press Releases5 days agoFlipster Expands Earn Campaign: Earn Rewards on BTC, ETH, and USDT With Launch Promotion of up to 25% APR
-
Blockchain5 days agoXCAD Network Unve New Wave of Creator Tokens, Amplifying Content Monetisation and Fan Engagement Across YouTube
-
Blockchain Press Releases4 days agoBybit Web3 Kicks off Babylon Season With Unprecedented Access and Rewards, Uplifting Liquidity in BTC Ecosystem
-
Blockchain Press Releases3 days agoHTX’s August Performance Report Released: 11th Anniversary Celebration Highlights the Month and Paves the Way for a New Journey
-
Blockchain Press Releases5 days ago
Bybit and DMCC Brings Back MENA’s Flagship Web3 Hackathon
-
Blockchain Press Releases6 days agoIDA, a Hong Kong-based Fiat-referenced Stablecoin Issuer, Raised USD6 Million Seed Round Led by CMCC Global and Hashed
-
Blockchain Press Releases4 days agoLargest Web3 Airdrop Event: $200,000 Up for Grabs in Bybit’s TON Tournament with 14 DeFi Partners
-
Blockchain Press Releases4 days ago
HTX Ventures Invest in Vanilla Finance, Building Telegram DeFi Ecosystem
