Cronos Labs Expands to South Korea

Cronos Labs, known for its blockchain network, has announced that it is now targeting the market of Korea for its global expansion. The move became more evident when Cronos Labs marked its presence at the Seoul Web3 Festival to judge some of the upcoming dApps, short for decentralized applications. The ultimate goal of Cronos Labs is to boost blockchain technology in the Korean market.
 
Cronos Labs has chosen Korea for its substantial pool of developers. Also, there is a rising interest among people when it comes to DeFi and GameFi. Simply put, there is an opportunity and Cronos Labs wants to grab it before someone else gets in the region. The adoption of blockchain technology in Korea will pave the way for Cronos Labs to capture the global market.
 
Any crypto venture that considers entering a market like Korea will have to keep its feet on two boats: experiment with new projects and popularize blockchain in the meantime. This is something that has been echoed by Ken Timsit, the Managing Director of Cronos Labs.
 
Per a statement issued by Ken, it is true that countries with larger populations are likely to adopt a prudent approach and hence, there will be a need to experiment with new technology and popularize it at the same time. Korea is also a larger economy. This will have an impact on its entry as the government would not want to hamper its macroeconomy.


Source: CryptonewsZ