Kakao Denies ICO Rumors and Announces Launching Blockchain Platform

March 28, 2018

South Korean Internet corporation Kakao has confirmed developing its own blockchain platform and claimed, information of ICO is not true to the fact.

The operator of the South Korea’s largest messenger Kakao Talk has announced at the press conference on Tuesday, the company has opened a new branch to develop blockchain platform that is to be launched in 2018. As local news agency Yonhap reports, the platform will be available for everyone and can be used by developers for blockchain products.

The branch was titled Ground X and is planned to deal with integration of the upcoming blockchain services with the existing Kakao Internet products.

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