South Korean Digital Asset Company KODA Partners with Polygon Labs to Strengthen Polygon-based Projects
On April 24th, according to Hankyung, South Korean Digital Asset Company (KODA) announced a commercial agreement with Polygon Labs to provide hosting services for Polygon\’s main ne
On April 24th, according to Hankyung, South Korean Digital Asset Company (KODA) announced a commercial agreement with Polygon Labs to provide hosting services for Polygon’s main network and collaborate to support Polygon based projects. KODA is a joint venture established by KB National Bank, Hashed, and Haechi Labs, and is a virtual asset custody service company in South Korea.
KODA, a South Korean digital asset custody company, will provide custody services for Polygon’s main network
Introduction
South Korea’s digital asset company KODA has signed a commercial agreement with Polygon Labs to provide hosting services for its main network and collaborate to support Polygon-based projects. KODA, established by KB National Bank, Hashed, and Haechi Labs, offers virtual asset custody services in South Korea. This partnership will bring new possibilities and opportunities for both companies to strengthen Polygon-based projects.
What is KODA?
KODA is a digital asset company founded in South Korea by KB National Bank, Hashed, and Haechi Labs. The company offers custody services for virtual assets and has been operating since 2020. KODA aims to provide a secure and efficient platform for users to manage their virtual assets.
What is Polygon Labs?
Polygon Labs is a leading platform for building and scaling blockchain networks. It was founded in 2017 and is headquartered in India. Polygon offers a suite of products to build, connect, and grow Ethereum-compatible blockchain networks. It allows developers to create and manage their decentralized applications (DApps) more efficiently and economically.
The Commercial Agreement
According to Hankyung, KODA and Polygon Labs have signed a commercial agreement to work together to support Polygon-based projects. Under the agreement, KODA will provide hosting services for Polygon’s main network. Polygon Labs will collaborate with KODA to strengthen Polygon-based projects in South Korea.
This collaboration is expected to bring innovative blockchain solutions to the South Korean market. Such a partnership will benefit both companies and demonstrate the potential for blockchain technology in the finance industry.
Benefits of the Partnership
The partnership between KODA and Polygon Labs will offer several advantages to each of the companies. Polygon’s technology platform will help enhance KODA’s digital asset custody service by improving its speed and scalability. Moreover, Polygon’s support will enable KODA to offer new features and functionalities in its custody platform, adding further value to its customers.
In addition, KODA will provide hosting services for Polygon’s main network. This partnership will help promote Polygon’s network in the South Korean market, allowing the company to expand its network and attract new users.
Conclusion
KODA’s partnership with Polygon Labs highlights the increasing recognition of blockchain technology’s potential in the finance industry. This collaboration enables both companies to strengthen their offerings and expand their reach in the South Korean market. The partnership unites KODA’s experience in digital asset custody with Polygon’s expertise in blockchain technology to provide innovative solutions for South Korean customers.
FAQs
1. What is KODA?
KODA is a digital asset company founded in South Korea that offers custody services for virtual assets.
2. What is Polygon Labs?
Polygon Labs is a leading platform for building and scaling blockchain networks, offering a suite of products to build, connect, and grow Ethereum-compatible blockchain networks.
3. What is the partnership expected to achieve?
The partnership between KODA and Polygon Labs is expected to strengthen Polygon-based projects in South Korea and provide innovative blockchain solutions to the finance industry.
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