PARAMETA (formerly ICONLOOP) has signed a strategic MOU with Fingerlabs and Blocko XYZ to expand the Web3 ecosystem.
PARAMETA has signed a strategic memorandum of understanding with Fingerlabs and Blocko XYZ to expand the Web3 ecosystem.
Under the agreement, the three companies will share their proven blockchain technology and the know-how each has built up over years, and join forces to grow the Web3 and blockchain ecosystem on that foundation. All three are united by the same goal — blockchain infrastructure with no barrier to entry — so expect a range of solutions that ordinary users can put to work without any technical understanding of blockchain at all.
Fingerlabs, one of the partners leading this Web3 push alongside PARAMETA, is a subsidiary of KOSDAQ-listed FSN and one of Korea's leading blockchain companies, developing and operating Web3 infrastructure that spans online and offline. It supplies custom solutions to major companies at home and abroad, including SK Planet, Lotte Homeshopping, and SK Networks, and recently launched Bling, a user-participation Web3 membership, together with Wemade and WEMIX — widening the blockchain market's base another notch.
The other partner, Blocko XYZ, is a blockchain company behind CCCV, a certified digital badge service built to tackle social problems such as personal data leaks and unauthorized use. CCCV makes issuing and managing digital badges simple, on a foundation of minimal personal data collection and de-identification. Where its parent company Blocko focuses on B2B, Blocko XYZ concentrates on cultivating a blockchain industry that everyday users can approach easily, and it was recently selected — along with Fingerlabs — as a resident company of the Daegu Blockchain Technology Innovation Support Center.
Both partners have put considerable effort into building and expanding the Web3 and blockchain ecosystem, so we expect plenty of synergy from working with them as one. Three companies with their own distinct Web3 technology and know-how are joining forces, and we will do everything we can to accelerate the mainstream adoption of the Web3 market.
PARAMETA CEO JH Kim
PARAMETA is a leading technology company in Web3 and blockchain, and we develop and operate loopchain, a blockchain core engine for both public and enterprise use. loopchain powers public blockchain networks such as ICON and HAVAH, and it is also used across enterprise domains including finance, the public sector, and authentication. In recognition of applying blockchain technology across a wide range of industries, PARAMETA CEO JH Kim recently received a commendation from the Minister of Science and ICT.
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Web3 Enabler, PARAMETA