Top

FOBLGATE gears up for the launch of real estate security tokens

Web3 & Enterprise·February 26, 2024, 6:24 AM

Korean cryptocurrency exchange FOBLGATE (FOBL) last Thursday showcased its ongoing project on real estate-based security tokens at Momo Network’s second security token offering (STO) and Web3 networking party, the game media outlet Kyunghyang Games reported. Momo Networks is the company behind Momoboard, an all-in-one app that combines bulletin board, messaging and cloud storage features.

 

The event served as an opportunity for FOBL to inform participants about the current stage of the exchange’s project and where it is headed. Initially introduced in November last year, the project is a collaboration between FOBL and prop fintech company Plus Platform, an asset management and trading platform headquartered in New York, U.S. 

https://asset.coinness.com/en/news/55f57c088a28c1963be37e696bada4f3.webp
Photo by Glenn Carstens-Peters on Unsplash

Real estate-based security token project

At the event, participants are anticipated to discuss the future of the security token market, which is currently focused on conventional real-world assets (RWAs).

 

This new security token project is expected to innovate traditional real estate investments, offering benefits such as high liquidity, low transaction fees and easy access to investors, explained FOBL. The crypto company aims to solidify its position in the crypto market while raising public awareness of real estate security tokens.

 

Future of virtual assets

Ahn Hyun-jun, CEO of FOBL, said he plans to make his company an innovator in virtual asset development and create various types of crypto assets that extend beyond real estate-based security tokens.  

 

Furthermore, a FOBL spokesperson stated that this networking party will serve as a forum for Web3 and STO experts to explore new technologies and innovative investment strategies, providing valuable insights for investors and market participants. 

More to Read
View All
Web3 & Enterprise·

Jun 13, 2023

Korean Conference Captures Interest of NFT and Blockchain Game Enthusiasts

Korean Conference Captures Interest of NFT and Blockchain Game EnthusiastsNews of the upcoming NFT and Blockchain Game Conference is sure to excite gaming enthusiasts with a keen interest in these technologies. Organized by ZDNet Korea, a tech news outlet, the conference is scheduled to take place on June 27 in the Pangyo Techno Valley, located on the outskirts of Seoul, Korea.Photo by Mateo on UnsplashPolicy and future strategiesThe event will delve into various aspects of the gaming industry, including policy and future strategies, with a specific focus on innovative technologies such as non-fungible tokens (NFTs), cloud computing, and cryptocurrency wallets. Attendees can expect valuable insights and engaging discussions on how these advancements are shaping the future of gaming.Prominent firms to share insightsHosted by the Korea Game Media Association (KGMA), the conference will kick off with a keynote speech by Jae Park, the Korea Country Manager of the global crypto exchange XT.COM. Park will share his expertise on the NFT gaming industry and discuss success strategies. Following Park’s speech, representatives from prominent companies at home and abroad, including Nexon, Marblex, NPIXEL, Polygon Labs, and Alibaba Cloud, will take the stage.Hwang Sun-young, Production Director at Korean game publisher Nexon, will explain Nexon’s implementation of blockchain technology in their projects. Hwang previously attended the Game Developers Conference (GDC) 2023 in San Francisco, where Nexon unveiled the blockchain gaming ecosystem “MapleStory Universe” in partnership with Polygon, a layer 2 scaling solution on Ethereum. MapleStory is Nexon’s blockbuster side-scrolling massively multiplayer online role-playing game (MMORPG).Jake Moon, COO of Marblex, will discuss the endeavors of the Marblex Web3 game ecosystem. Park Sung-mo, Head of Business Development at Polygon Labs, will shed light on the role of the mainnet in the blockchain industry.Ko Jeong-hwan, Head of Web3 at NPIXEL, will provide insights into how Web3 enhances the gaming experience. Lim Jong-jin, Tech Team Lead in Korea at Alibaba Cloud, will introduce the Alibaba Cloud ecosystem and platform that supports Web3.Kim Oh-joong, CEO of Find The Gap, will review incidents related to NFT and game hacking, along with potential solutions. James Kwak, Director of the Business Development Department at BPMG, will deliver a talk on Web3 and wallets.KGMA President Lee Taek-su told ZDNet Korea that NFTs and the blockchain have emerged as important concepts in the global gaming industry. He highlighted that the conference would provide an opportunity to review the efforts undertaken by Korean game companies in the blockchain sphere and raise awareness of the need to embrace the changing paradigm in the sector.

news
Web3 & Enterprise·

Sep 26, 2023

Milk Partners Achieves Integration with OK Cashbag, Elevating Reward Point Utility

Milk Partners Achieves Integration with OK Cashbag, Elevating Reward Point UtilityMilk Partners, the operator behind a South Korean blockchain-powered platform delivering an integrated service for reward points, announced yesterday that its app, MiL.k, has achieved compatibility with OK Cashbag. This integration is notable as OK Cashbag enjoys a substantial presence in the nation, with a user base exceeding 20 million.Photo by Josh Sorenson on PexelsEnhanced utilization of reward pointsThrough this collaborative initiative, MiL.k aims to facilitate enhanced utilization of reward points for customers of both entities.MiL.k allows point collectors to swap their points across diverse domains like travel, leisure, and shopping, introducing a new approach to utilizing reward points. The company has been forging collaborations with notable companies, including conglomerate Lotte, convenience store chain CU, theater franchise Megabox, travel platform Yanolja, Malaysian budget airline AirAsia, and Indonesian loyalty platform GetPlus.Expanding Web3 servicesThe point exchange service is part of a strategic partnership agreement signed by Milk Partners and SK Planet, the operator of OK Cashbag, in June. Beyond loyalty programs, the two companies plan to maintain collaboration efforts to expand Web3 services. In particular, they will cooperate to enhance the ecosystem of the UPTN blockchain, jointly developed by SK Planet and Ava Labs, utilizing Avalanche Subnet technology.Cho Jung-min, CEO of Milk Partners, said that the utility of MiL.k has increased thanks to its partnership with OK Cashbag, whose points are accepted at numerous retailers both online and in-store. He added that the company will explore more partnerships to provide a wider range of tangible benefits to both corporate partners within the MiL.k alliance and app users.

news
Web3 & Enterprise·

Oct 18, 2023

Wemade’s NILE Launches Ticket NFT Sales for Blockchain-Assisted Golf Tournament

Wemade’s NILE Launches Ticket NFT Sales for Blockchain-Assisted Golf TournamentNFT Is Life Evolution, better known as NILE, commenced the sale of ticket NFTs for the WEMIX Championship 2023, a women’s golf tournament in South Korea, on the NILE Marketplace at noon (local time) on October 18. NILE is a decentralized autonomous organization (DAO) and NFT platform, which operates on the WEMIX3.0 mainnet of South Korean blockchain game developer Wemade.Photo by Robert Ruggiero on UnsplashWEMIX Championship 2023The WEMIX Championship 2023, touted as the world’s first blockchain-assisted golf tournament, will take place from November 18 to 19 at Haeundae Beach Golf and Resort in Busan. The sports event will see participation from 24 players who are members of the Korea Ladies Professional Golf Association (KLPGA), including the top 20 athletes with the most WEMIX points, as they vie for victory in the season-ending competition.Ticket NFTs for perksThe competition is leveraging blockchain technology across all its operations. Specifically, NILE is introducing Real World Event NFTs, which consist of two main types: “ticket NFTs,” which serve as admission tickets and vouchers, and “prize NFTs,” which are awarded to the competition’s winners.Ticket NFTs are dynamic NFTs that provide a range of benefits depending on the selected tier. These benefits encompass souvenirs, food vouchers, and access to VIP-reserved facilities. There are two tiers to choose from: GROUND and NILE Suite. Golf enthusiasts can purchase these NFTs using WEMIX dollars (WEMIX$) through either the WEMIX Wallet or the una Wallet.In addition, ticket NFT holders can verify their NFTs on the decentralized communication platform, PAPYRUS, to join a special channel dedicated to the WEMIX Championship 2023, where spectators can stay informed about the latest competition news and engage in real-time interactions with one another.Looking ahead, Wemade plans to introduce additional sports events that utilize blockchain technology, aiming to provide fresh and engaging experiences while fostering a culture where both athletes and fans can fully enjoy sports competitions.

news
Loading