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Crypto

K-STAR verifies blockchain-based digital local currency with BNK Busan Bank

K-STAR, a technology alliance for a won stablecoin-based digital currency infrastructure involving AhnLab Blockchain Company, said on Sunday it completed a proof of concept with BNK Busan Bank to verify blockchain-based payment and settlement infrastructure for digitising local currency. The project aimed to implement an end-to-end policy-based local currency with embedded conditions such as usage locations and validity periods, and to test operational feasibility in a real financial environment.

Games & Commerce

Nexth signs MOU with Taiwan\'s Mustaverse to onboard Web3 game Auraal

Nexth signed a memorandum of understanding with Taiwan game studio Mustaverse to onboard the Web3 social trading card game Auraal onto its Cross platform. The companies aim to add Auraal to the Cross ecosystem and expand Web3 game users in global markets. Auraal features NFT collectible cards, strategic card battles, and player-to-player trading. Nexth plans to broaden its Cross game ecosystem globally and expand its Web3 game lineup.

Crypto

Eight Percent, Kaia sign MOU to build RWA investment infrastructure

Online investment-linked finance company Eight Percent is working with blockchain platform Kaia to build investment infrastructure that connects overseas investors with Korean loan receivables. The two plan to create an RWA investment structure based on rights to receive principal and interest on loan claims, aiming to broaden channels for global funds to flow in. They are verifying the initial structure through a pilot operation and plan to expand investment size and target asset classes in stages.