Ground X, the blockchain subsidiary of South Korean internet giant Kakao, formed the GRID Alliance to promote and expand use cases in the NFT ecosystem.
It is reported that the GRID alliance includes about 50 local companies including Shinhan’s bank and credit card subsidiaries, Lotte Department Store, Kakao Games and SK’s education platform mySUNI.
Ground X will support companies in GRID to operate NFT-based services more efficiently by providing infrastructure services such as QR code authentication or NFT membership functionality on Kakao’s digital wallet Klip.