South Korean tech conglomerate Naver is launching its first crypto pockets, Naver Pay Pockets, in partnership with sports-focused blockchain Chiliz. Chiliz, an L1 blockchain constructed round supporting fan tokens, mentioned in an August 29 X publish that it has been chosen as the primary blockchain for the pockets, which is accessible to Naver’s greater than 33 million customers. Naver — referred to as the “South Korea’s Google” — operates probably the most used search engine within the nation.
Based on Chiliz founder and CEO Alexandre DREYFUS, Naver Pay Pockets doesn’t purpose to be a typical crypto pockets, however a blockchain-based service for utilities and loyalty. The pockets is in beta and is non-custodial, that means customers will retain their pockets’s non-public key, and may maintain each cryptocurrencies and non-fungible tokens. Dreyfus mentioned extra options are coming, with deliberate integrations with decentralized purposes (DApps), fan tokens, and a service provider loyalty program.
He added that the goal prospects are tech-savvy, already utilizing Naver Pay digitally, and are focused on studying about blockchain know-how, notably within the sports activities, leisure, and digital asset industries. Whereas the Chiliz blockchain is the pockets’s first, Dreyfus mentioned Naver could add help for a wider vary of blockchains sooner or later.
Picture: Asia Crypto Immediately
