PARAMETA, Fingerlabs and Blocko XYZ Announce Strategic Alliance to Expand the Web3 Ecosystem

[(from left to right) Donghoon Kim and Sangseok Lee, CEOs of Fingerlabs, Jonghyup Kim, CEO of PARAMETA, and Jonghwan KIM, CEO of Blocko, at the 'Business Agreement Ceremony to Expand the Web3 Ecosystem']

 

December 19, 2023 – ‘Web3 Enabler’ PARAMETA Corp. (formerly ICONLOOP, CEO Jonghyup Kim) announced that it has signed a strategic business agreement with Fingerlabs (CEO Sangseok Lee/Donghoon Kim) and Blocko XYZ (CEO Kyunghun Kim) to expand the Web3 ecosystem.

Through this agreement, the three companies will share their proven blockchain technology and know-how accumulated over the years and join forces to expand the Web3 and blockchain ecosystems. As all three companies are committed to building a blockchain infrastructure without barriers to entry, it is expected that various solutions that can be utilized by the public without technical understanding of blockchain will emerge.

Fingerlabs, a subsidiary of FSN, a KOSDAQ-listed company, is a leading Korean blockchain company that develops and operates Web3 infrastructure covering online and offline. It provides customized solutions to leading domestic and international companies such as SK Planet, Lotte Homeshopping, and SK networks, and recently launched a user participatory Web3 membership, Bling, with WEMAID and WEMIX to further expand the base of the blockchain market.

Another partner, Blocko XYZ, is a blockchain company that has developed a digital badge certification service, CCCV, to solve social problems such as personal information leakage and unauthorized use. CCCV is a service that provides easy issuance and management of digital badges based on minimal collection of personal information and de-identification of information. While its parent company Blocko (CEO Jonghwan Kim) focuses on B2B business, Blocko XYZ focuses on fostering the blockchain industry that is easily accessible to general users and was recently selected as a tenant company of the Daegu Blockchain Technology Innovation Center along with Fingerlabs.

"As both companies in the partnership have made efforts to create and expand the Web3 and blockchain ecosystem, we expect to create various synergies with Parameta," said Jonghyup Kim, CEO of PARAMETA. "We will do our best to accelerate the popularization of the Web3 market by working together with three companies with unique technologies and know-how in the Web3 field."

PARAMETA is a leading Web3 and blockchain technology company that has developed and operates loopchain, a blockchain core engine for public and enterprise use. loopchain is applied to public blockchain networks such as ICON and HAVAH and is also utilized in various enterprise areas such as financial, public, and authentication fields. Recently, PARAMETA CEO Jonghyup Kim was awarded the Minister of Science and ICT Citation for applying blockchain technology to various industries.