Local crypto firms in talks with Hong Kong’s SFC on crypto staking

FanC – a South Korean blockchain reward project designed for creators and users of the Watch-to-Earn short-form video app CELEBe – has signed a business agreement with Coins.ph, the largest cryptocurrency exchange in the Philippines. Through this agreement, the two companies aim to expand their respective global ecosystem through fanC’s rewards system, according to an article by local news outlet Daehan Kyungjae.Photo by Lance Anderson on UnsplashEmpowering creators and rewarding viewersThe CELEBe app aims to bring content creators and viewers together through Create-to-Earn and Watch-to-Earn mechanisms. The platform has notably collaborated with some 4,000 well-known figures, ranging from actors and singers to YouTubers and athletes. Connecting communitiesUnder the agreement, fanC's reward token (FANC) will be available for trading on Coins.ph, allowing fanC to deepen its roots not only in the Filipino market but also in the larger Asian blockchain community. "This agreement marks an important step in fanC's global expansion strategy," said Lee Dong-ho, CEO of fanC. "Through our collaboration with Coins.ph, we will build a stronger global network." Meanwhile, fanC plans to continue to strengthen its partnership with Coins.ph through activities like global meetings to lead the growth of its global fan community. The platform is thus committed to consistent technological development and innovation through collaborations with various global partners. Through these efforts, it aims to provide new value by building an ecosystem that connects the global blockchain community.

Incheon Launches Blockchain Hub Center to Lead Web3 EraIncheon Metropolitan City announced Monday that it has established the Incheon Blockchain Hub Center at the heart of the city in an effort to establish itself as a blockchain hub in Korea and usher in the era of Web3.Photo by Hon Kim on UnsplashThe center, located in the Jemulpo Smart Town building, will house various facilities, including offices for the Incheon Technopark Blockchain Center, blockchain companies, and startups, as well as spaces for technological development and relaxation.Fostering innovation and cooperationThe center aims to undertake systematic and diverse projects that citizens and businesses alike can benefit from. This includes supporting tenants of the hub center, providing an environment for technology development and demonstration, and funding blockchain technology development. It will also serve as a spot for Incheon Technopark’s blockchain acceleration program, business model exploration and design, and events such as blockchain hackathons and conferences.The city is also set to hold an opening ceremony for the center on Wednesday, during which over 20 organizations and firms will gather for the inauguration of a committee dedicated to promoting mutually beneficial relationships between blockchain-based service providers and consumers. Among the consumers are central and municipal governments and state-run agencies. Initiating connections and making business support processes more efficient will constitute the committee’s core tasks, the city said.Incheon’s vision for Web3“The world is evolving to accommodate Web3, the new blockchain-based Internet, amid the global trend of digital transformation,” said Lee Nam-joo, Director of Incheon’s Future Industry Bureau. In accordance with this transformation, he said, the city of Incheon would push on to become a leading blockchain hub with a globally competitive edge by continually implementing various projects and policies through the committee — including joint projects between the public and private sectors — to provide support for business and technological development.In more efforts to build an active blockchain industry, Incheon is also currently operating a blockchain education program and regularly hosts events and hackathons to promote the widespread use of Web3 technology. Notably, a two-day conference dubbed “Global Blockchain Incheon Conference” is scheduled to take place from October 30 to 31 in the city’s southern district Songdo.

Netmarble’s MARBLEX Bolsters Partnership with Bisonai to Elevate MBX EcosystemSouth Korean gaming company Netmarble said today that its blockchain subsidiary, MARBLEX, is reinforcing its strategic partnership with blockchain infrastructure company Bisonai to help bolster the MARBLEX gaming finance (GameFi) ecosystem.Revolutionizing gaming with blockchainNetmarble released the MARBLEX Playground in February of this year, which aims to optimize game enjoyment and benefits for players by incorporating NFTs, GameFi, decentralized finance (DeFi), and more that collectively run on a blockchain ecosystem revolving around its governance token, MBX.Photo by ELLA DON on UnsplashAs a company that specializes in building blockchain products for its clients in a wide range of sectors, including gaming, Web3, NFTs, and DeFi, Bisonai has directly contributed to the development of MARBLEX’s MBX ecosystem. In particular, it played a significant role in building MBX Marketplace — a platform for unrestricted NFT transactions within the ecosystem — which went live in November of last year, as well as MBX Explorer, a token scanning site.Following this venture, Bisonai is planning to provide further technical consultations and solutions for the blockchain infrastructure that will be potentially required within the MARBLEX ecosystem.Advancing transparency and accessibility of MBXMeanwhile, MARBLEX disclosed plans on June 27 to overhaul the token system within the MBX ecosystem. As part of its commitment to improving transparency, it announced that it burned approximately 670 million MBX that have not been designated for use within the ecosystem out of its total supply of one billion MBX.The MBX token also received a landmark whitelist approval in Japan last month, becoming the first token from a Korean blockchain gaming project to do so.