As a seasoned analyst with a decade of experience in the tech industry, I find this partnership between ShardLab and Naver Pay to be a significant stride towards bridging the gap between Web2 and Web3 technologies. My life in tech has been marked by the constant pursuit of seamless integration of emerging technologies into our daily lives, and this collaboration seems to be a promising step in that direction.
In collaboration, ShardLab – a tech division of the web3 venture capital firm Hashed – teamed up with the South Korean financial technology company, Naver Pay, to incorporate NFT ticket functionalities into their system.
As per the announcement made on November 20th, Naver’s annual tech conference, DAN24, was held, where approximately 21,000 NFTs were issued and over 8,850 transactions were processed during the two-day event that had around 6,000 attendees.
At the conference, attendees handled their digital assets via the Naver Pay app – facilitating the use of NFTs for admission tickets, activity verification, and prize entry. This deployment of NFTs for practical, real-world, and event applications makes it one of South Korea’s most extensive projects in this field.
NaverPay, as per Statista statistics, is the most frequently utilized mobile payment service in South Korea. As stated by Mi-young Lee, who holds the position of Head of Infrastructure and Business at NaverPay, this is the case.
With DAN24, we’re embarking on an exciting journey to integrate Non-Fungible Token (NFT) technology into the Naver Pay Wallet, mirroring the escalating popularity of NFTs in significant events, concerts, and ticketing. Our goal is to collaborate with top Web3 companies to create groundbreaking digital experiences.
By combining NFTs with Naver Pay, we’re offering application-programming interfaces for airdrops and smart contracts. This makes it simple for users from the traditional web2 environment to access web3 technologies. The integration is made possible by ShardLab’s infrastructure, which simplifies all the complexities of web3 through APIs, backend smart contracts, and more.
In contrast to many decentralized applications that necessitate distinct wallets for users, this system allows individuals to manage their digital assets directly from their regular wallets, as stated by Simon Kim, CEO of Hashed.
Partnering with Naver Pay symbolizes progress towards merging Web3 technology into daily digital interactions. By leveraging our tech consulting services and collaborative attitude with traditional Web2 firms, we can expedite the construction of intuitive Web3 systems.
Non-fungible tokens (NFTs) served as tickets, giving attendees a digital proof of attendance. This streamlined authentication for various event activities. Users could enjoy the benefits of a web3 system, while interacting in a manner reminiscent of their web2 experiences.
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2024-11-20 17:02