KODA and Polygon Labs Join Forces to Provide Hosting Services and Support Polygon Projects in South Korea

On April 24th, according to Hankyung, South Korean Digital Asset Company (KODA) announced a commercial agreement with Polygon Labs to provide hosting services for Polygon’s main network and collaborate to support Polygon based projects. KODA is a joint venture established by KB National Bank, Hashed, and Haechi Labs, and is a virtual asset custody service company in South Korea.

KODA, a South Korean digital asset custody company, will provide custody services for Polygon’s main network

South Korea is quickly becoming a hotbed for digital asset companies, and one of the latest to make waves is the joint venture known as KODA. Made up of KB National Bank, Hashed, and Haechi Labs, KODA is focused on providing virtual asset custody services in South Korea. Now, KODA has announced a commercial agreement with Polygon Labs that will see them provide hosting services for Polygon’s main network and collaborate to support Polygon based projects.

What is Polygon?

Before diving into the recent commercial agreement between KODA and Polygon Labs, it is important to understand what Polygon is. Polygon, formerly known as the Matic Network, is a Layer 2 scaling solution for Ethereum. It enables faster and cheaper transactions while still maintaining the security and decentralization of the Ethereum network.

Who is KODA?

KODA is a virtual asset custody service company in South Korea. Established as a joint venture between KB National Bank, Hashed, and Haechi Labs, KODA is focused on providing secure and reliable custody services for digital assets. As the digital asset sector continues to grow in South Korea, KODA is poised to become a major player in the market.

The Commercial Agreement

On April 24th, KODA announced a commercial agreement with Polygon Labs to provide hosting services for Polygon’s main network in South Korea. This agreement will enable Polygon to expand its reach in the region and provide faster and more affordable transactions for users.
The collaboration between KODA and Polygon Labs will also support Polygon-based projects in South Korea. This is a key aspect of the agreement, as it will help to increase the adoption of Polygon in the region and provide more opportunities for developers and businesses to build on the network.

The Future of Digital Assets in South Korea

The partnership between KODA and Polygon Labs is just one example of the growing interest in digital assets in South Korea. As more companies and investors look to get involved in the sector, it is likely that we will see more collaborations and partnerships between both domestic and international players.
Furthermore, the South Korean government has been taking steps to regulate the digital asset sector and provide more clarity and transparency for investors. This will help to create a more stable and secure environment for digital asset companies to operate in, and could lead to more innovation and growth in the sector.

Conclusion

The commercial agreement between KODA and Polygon Labs is an exciting development for the digital asset sector in South Korea. By providing hosting services for Polygon’s main network and supporting Polygon-based projects, KODA is helping to expand the reach and adoption of this innovative technology in the region. As the digital asset sector continues to grow in South Korea, we can expect to see more collaborations and partnerships between both domestic and international players.

FAQs

Q: What is Polygon?
A: Polygon, formerly known as the Matic Network, is a Layer 2 scaling solution for Ethereum that enables faster and cheaper transactions while still maintaining the security and decentralization of the Ethereum network.
Q: Who is KODA?
A: KODA is a virtual asset custody service company in South Korea that was established as a joint venture between KB National Bank, Hashed, and Haechi Labs.
Q: What is the future of digital assets in South Korea?
A: As more companies and investors look to get involved in the sector, it is likely that we will see more collaborations and partnerships between both domestic and international players. Furthermore, the South Korean government has been taking steps to regulate the digital asset sector and provide more clarity and transparency for investors, which could lead to more innovation and growth in the sector.