Klaytn, the blockchain project of South Korean tech giant Kakao, has partnered up with NFT marketplace OpenSea to bring a nonfungible token market to its platform. Klaytn is a smart contract platform developed by Kakao’s blockchain wing, Ground X, which will develop its own NFTs and offer them on OpenSea by the end of June, according to a recent announcement.
The dollar value of NFT transactions has exceeded $500 million since the turn of the year when the technology received renewed attention following a string of high-profile purchases by celebrities. While NFT tech can be applied to a number of use cases, its recent emergence at the forefront of discussion and investment was fuelled largely by its potential as a digital medium for artists.
Continue Reading on Coin Telegraph
