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OpenSea Collaborates With Singapore-based blockchain firm Klaytn To Expand NFTs Projects In Asia

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  • The Singapore-based blockchain platform, Klaytn, and OpenSea, the leading cryptocurrency platform, have announced their collaboration that aims to expand NFT projects in Asia.
  • The partnership includes ecosystem grants and conference collaborations among others.
  • Head of global adoption at Klaytn Foundation, David Shin shares that the collaboration is a significant step in creating a blockchain for Metaverse, GameFi, and the creator economy.

On Friday, Klaytn, a public blockchain platform based in Singapore, and OpenSea, the world’s leading marketplace, announced their collaboration that aims to maintain the Asian NFT ecosystem. 

Conference collaborations and ecosystem grants to promote Asian NFT projects among an international audience are also part of the partnership. 

The largest NFT marketplace in the world supports Katyln along with three other blockchains, Polygon, Solana, and Ethereum.

Head of global adoption at Klaytn Foundation, David Shin says the partnership is an important step in developing a blockchain for Metaverse, GameFi, and the creator economy. In addition, it will also help in the expansion of the Klaytn ecosystem in Asia

Klaytn is a public blockchain with a focus on gamefi, metaverse, and the creator economy. The platform, which is a dominant platform in South Korea, was launched in June 2019. Currently, it’s going through a global business expansion from its international base in Singapore.

The Klaytn protocol is fueled and secured by the KLAY which is the native digital asset. 10 billion KLAY were issued when Klaytn was launched, and the current circulation supply of KLAY is 2.6 billion

At the time of writing, the price of Klaytn was standing at  $0.247911 USD, down 2.90% in the last 24 hours.

Leading exchanges such as Bithumb, KuCoin, and Binance, support the trading of KLAY. 

Ground X established Klaytn Foundation. Group X is the blockchain affiliate of Kakao, a South Korean internet giant.

Ground X has also collaborated with the Bank of Korea on its central bank digital currency (CBDC) pilot project.

Previous collaborations of the firm include Thailand-based East NFT, China’s Blockchain-based Service Network, Singapore-based Altava Group and Japan-based Soramitsu.

ALSO READ: In an exclusive interview with the co-founders of collectID

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