Bloomingbit Signs MoU with IoTrust to Boost South Korea's Web3 Industry

Bloomingbit, a blockchain subsidiary of the Hankyung Media Group, announced on the 22nd that it has signed a Memorandum of Understanding (MoU) with IoTrust, an operator of virtual asset (cryptocurrency) hardware wallets, to promote the Web3 industry in South Korea.

Through this MoU, the two companies plan to collaborate with the goal of 'activating the domestic Web3 market.'

IoTrust is a leading blockchain wallet company in Korea that operates the virtual asset hardware wallet 'D'CENT' and the enterprise Web3 wallet solution 'WEPIN.' It provides trusted wallet infrastructure to Web3 users and corporate clients both domestically and internationally through a variety of wallet services that consider both user security and accessibility.

Bloomingbit is a blockchain subsidiary of the Hankyung Media Group, established to resolve the information asymmetry of virtual asset investors. It delivers the fastest domestic and international virtual asset market news to investors 24/7 and is rapidly expanding its influence as a platform through collaborations with major virtual asset companies such as IoTrust, World (WLD), and Stat (STAT).

The collaboration between IoTrust, which possesses wallet solution technology and infrastructure, and Bloomingbit, a leading crypto media platform with a diverse user base and investor network, is expected to create substantial synergy for the expansion of the Web3 ecosystem.

In the future, the two companies plan to conduct specific collaborations in various fields, including joint marketing, content linkage, and Web3 campaigns targeting users.