Top

CPLABS and Protocol Capital to collaborate on blockchain-enhanced autonomous driving in Qatar

Web3 & Enterprise·November 01, 2023, 9:12 AM

Korean blockchain development firm CPLABS (formerly known as Coinplug) announced on Wednesday (local time) that it has signed a memorandum of understanding (MOU) with Qatar-based company Protocol Capital to collaborate on blockchain-driven ventures in the Middle Eastern country.

Protocol Capital is known for partnering with institutional clients and delivering bespoke solutions to investors in sectors such as real estate, energy, construction, and manufacturing.

Photo by Lucca Belliboni on Unsplash

 

Blockchain and autonomous driving

Through this agreement, the two companies aim to execute projects that leverage and champion blockchain technology, with initiatives including an autonomous driving pilot project. They also plan to register with Qatar’s Tasmu Digital Valley, established by the Ministry of Transport and Communications (MoTC) and the Qatar Free Zones Authority (QFZA), as part of their collaborative efforts towards Qatar’s National Vision 2030.

CPLABS plans to integrate its blockchain platform and upcoming 2024 Web3 portal into the autonomous driving pilot project. This move will grant the Korean firm an avenue to offer identity verification and payment services, further broadening its footprint in the finance and information communications technology (ICT) sectors.”

As a dedicated Web3 tech firm, CPLABS possesses around 320 blockchain patents both domestically and internationally. Its projects encompass areas such as decentralized identifiers (DIDs), decentralized finance (DeFi), security token offerings (STOs), non-fungible tokens (NFTs), and decentralized autonomous organizations (DAOs).

Commenting on this joint effort, Uhr Joon-sun, CEO of CPLABS, stated that the company aims to deliver Web3 platforms that connect Korea with the global community.

More to Read
View All
Web3 & Enterprise·

Dec 05, 2023

NEOPIN teams up with Project SEED to propel growth of Web3 gaming ecosystem

NEOPIN teams up with Project SEED to propel growth of Web3 gaming ecosystemCentralized decentralized finance (CeDeFi) protocol NEOPIN has partnered with Project SEED — a blockchain gaming ecosystem based in the United Arab Emirates (UAE) — to grow the global Web3 gaming ecosystem, according to South Korean news outlet News1. NEOPIN plans to serve as a bridge between Project SEED and the IP owners and game studios within its ecosystem, facilitating the creation of more global Web3 games.Photo by Mateo on Unsplash“Connecting notable IPs and game studios to gamify Web3 holds significant meaning beyond just securing well-made Web3 games. We expect to diversify the genres and improve the qualitative standards of Web3 games in collaboration with Project SEED,” said Kim Yong-gi, CEO of NEOPIN.Pioneering Web3 gaming excellenceLed by a team of experts from various cryptocurrency exchanges such as Binance and Crypto.com, Project SEED is the developer behind the popular Web3 action role-playing game (RPG) Outland Odyssey. The firm also operates the Grow Program, which was launched in 2021 to incubate blockchain game projects and allow builders to concentrate their efforts on developing high-quality games. Next year, Project SEED plans to unveil its launchpad platform Seed Launcher as part of the Grow Program to aid gaming finance (GameFi) projects in raising funds and discover promising projects worth investing in.Under the newest partnership, NEOPIN’s CeDeFi wallet function will be integrated into Web3 games and NFT projects that are launched through the Grow Program and Seed Launcher platform, driving worldwide user acquisition and promoting the launch of DeFi products on NEOPIN.“We will leverage NEOPIN’s wallet service, network and blockchain expertise to develop high-quality games for diverse users. We plan to strengthen our capabilities to provide benefits to developers, IP owners and gamers alike,” said Project SEED CEO Liko Subakti.NEOPIN’s blockchain journeySince 2017, NEOPIN has accumulated its blockchain expertise and technology by serving as a node validator in multiple global blockchain projects, including Ethereum, Tron, Cardano and Cosmos. Launched last year, its CeDeFi protocol aims to provide Web3 users with a safe and convenient non-custodial DeFi platform.Earlier this year, the company was selected to participate in the Innovative Program of the Abu Dhabi Investment Office (ADIO), attracting a series of investments. It is also working with the Abu Dhabi Global Market (ADGM), an international financial center and free zone in the UAE, to create the world’s first DeFi regulations through a public-private partnership.

news
Web3 & Enterprise·

Aug 01, 2023

Superblock Rolls Out Crypto Wallet, Garnering Over 680K Pre-Registrants

Superblock Rolls Out Crypto Wallet, Garnering Over 680K Pre-RegistrantsSouth Korean blockchain startup Superblock has successfully rolled out its own cryptocurrency wallet, named Over Wallet, according to a report by local news outlet Newsis. The wallet has already amassed over 680,000 pre-registrants since April, ahead of its official release.Photo by Shubham’s Web3 on UnsplashAccessibility and cost reductionOver Wallet serves as the mobile crypto wallet for the Over Protocol, a blockchain mainnet developed based on the paper published by Superblock’s CEO, Kim Jae-yun. The Over Protocol distinguishes itself through its accessibility, offering enterprises interested in the Web3 industry an opportunity to reduce costs associated with infrastructure investment and service operation.With the introduction of Over Wallet, Superblock empowers users with the capability to collect and manage Over points. The company plans to add functions for the management and transfer of token assets to provide an even more optimized user experience.Currently, Over Wallet is available for download on the Apple App Store and Google Play Store.Mainnet launch next yearAs part of the preparations leading up to the Over Protocol’s mainnet launch in the first half of next year, the Over Community Access Program (OCAP) has also been unveiled. OCAP enables users to earn Over points by completing various tasks. These accumulated points can then be used at the Over Protocol pop-up store, a side event scheduled for the annual blockchain conference, Korea Blockchain Week 2023, taking place in Seoul in September. The event will collaborate with KREAM, a resale and trading platform catering to collectors of limited editions.Superblock CEO Kim has a notable background, having founded Decipher, a blockchain study group at Seoul National University, in 2018. During the establishment of Superblock, Kim successfully secured funding from investors Spring Camp and Naver Z, both affiliates of the Korean search engine giant Naver.There has been additional support that underpins Superblock’s commitment to blockchain ventures. Last October, the company partnered with Shinhan Securities for technological cooperation. Subsequently, in February of this year, Superblock raised a Series A funding round of 9 billion KRW ($7 million). Investors in this round include notable names like conglomerate SK Inc., game developer Netmarble, and venture capital firm DSC Investment.

news
Policy & Regulation·

Oct 23, 2023

Dunamu’s Legal Team Recognized by Korean Police for Cyber Security Contributions

Dunamu’s Legal Team Recognized by Korean Police for Cyber Security ContributionsDunamu, the blockchain and fintech company behind South Korea’s largest cryptocurrency exchange Upbit, recently announced a noteworthy security achievement. At the 16th Cyber Security Awards organized by the Korean National Police Agency (KNPA), the leader of Dunamu’s Legal Team 3 was recognized with the KNPA Commissioner General’s Certificate of Appreciation. This accolade was in acknowledgment of the legal officer’s pivotal role in fostering collaboration between the private sector and police to combat the rising tide of cryptocurrency-linked crimes.Photo by Franck on UnsplashSupport guides and educational resourcesDunamu stands out as the only Korean virtual asset service provider (VASP) to have an employee distinguished in this manner this year. It’s worth noting that Dunamu’s legal teams have been proactively cooperating with law enforcement, providing them with investigation support guides and educational resources.A representative from Dunamu’s legal teams expressed gratitude to all team members for their collaborative efforts in combating virtual asset-related crimes and appreciated the recognition for their achievement. The official further emphasized Dunamu’s ongoing dedication to maintaining close cooperation with police and investigative bodies, aiming to cultivate a healthy virtual asset ecosystem.Awards since 2008The Cyber Security Awards were established in 2008 to recognize and honor those making significant contributions to cyberspace security. The awards not only motivate cyber police officers but also aim to bolster collaboration between the police and the private sector.This year, 27 distinguished individuals — including police officers, civil servants, and ordinary citizens — were recognized at the ceremony held on October 19 in Songdo Convensia, Incheon. They received commendations and certificates of appreciation for their contributions in areas ranging from cybercrime investigation and prevention to digital forensics.

news
Loading