Tron’s chief of business development Roy Liu has had a meeting with several DLT companies of South Korea as well as with top managers of firms working in the computer gaming industry – the Korea Mobile Game Association (KMGA) and Korea Blockchain Contents Association (KBCCA). Upon the results of the meeting, memorandums of understanding (MoU) were signed with both.
Collaboration with local business authorities
Major Korean editions report KBCCA reps stating that they are interested in Tron making investments in small and medium-scale companies in South Korea, which work with blockchain or games.
Now that Tron has created MoUs with the two major companies in these two markets, they will start looking for potential corporate customers for Tron.
Apart from that, the Tron Foundation has already had meetings regarding investments with several local DLT and gaming firms.
Previous attempts to win this market in Korea
Apart from Tron, other foreign blockchain companies have tried to get into the promising blockchain and gaming markets in the country.
In 2018, Enjin also reported that it had created a contract with the same associations – KBCCA and KMGA.
Games in South Korea
Regarding sales, the industry of games in South Korea is considered to be the fourth largest in the world, as per Euromonitor International. In 2017, local consumers spent nearly $2.5 bln on games. The statistics for 2018 have not been published yet.
Tron takes to charity
The Tron Foundation has also begun working with charities. It now uses its open ledger technology to track donations made to support patients with a particular illness – amyotrophic lateral sclerosis (ALS).
First BTT airdrop completed
Earlier this Tuesday, U.Today reported about the successful completion of the BTT airdrop by the Tron Foundation and BitTorrent. Monthly BTT airdrops will continue to happen until 2025, increasing the amount of BTT each February.