SNEAK PEEK
- The CryptoPunk-inspired non-fungible staff ID cards were made by the South Korean cryptocurrency exchange Korbit.
- NFTs have been tested in several South Korean companies for official documents, including diplomas.
- An NFT trading platform has been introduced by Korbit.
The South Korean cryptocurrency exchange Korbit announced on Monday that it had created non-fungible employee ID cards in the style of CryptoPunks. NFTs have been tested in many South Korean companies for official documents similar to commencement certificates.
At its graduation ceremony on Friday, South Korea’s Hoseo University will award non-fungible token (NFT) degrees and certificates to all 2,830 of its class of 2021 graduates.
The transition from a paper-based degree to NFTs is intended to increase access to administrative services and deter degree forgery or modification.
With the country’s top companies, Samsung, SK, and LG, using NFTs in their most recent line of products and services, a wide range of businesses and organizations in South Korea have begun to use NFTs.
One of the five exchanges in South Korea with absolute licenses, Korbit, believes that providing NFT IDs to employees will strengthen a sense of community within the company.
Workers registered for the NFTs in early June, and on June 20, their ID tokens were produced and distributed to personal MetaMask wallets.
In response to mounting calls for preventative steps to shield clients from potential crypto-related disasters, Korea’s top five cryptocurrency exchanges have established their first joint advisory council.
According to the five exchanges, the so-called Digital Asset eXchange Alliance (DAXA), which is made up of Upbit, Bithumb, Coinone, Korbit, and Gopax, was established on Wednesday to advance the sector’s sustainable growth in this country and develop strategies to improve customer protection.
It is also important to note that Korbit had launched the first NFT trading platform in South Korea.
