Strategic Integration of Cultural Businesses and Commerce
KONDOR, leveraging its self-developed KONET Network mainnet and infrastructure, has seamlessly integrated cultural businesses, commerce, and payments into its portfolio. The company’s commitment to driving innovation in the industry has solidified its status as a pioneer within the 4th industrial market.
Unveiling the KONIVERSE Ecosystem
In a strategic move to activate its ecosystem, KONDOR unveiled the KONIVERSE ecosystem, introducing a new vision for the Web 3.0 industry. This comprehensive ecosystem seamlessly integrates solutions and worldviews from KONPAY, the multi-digital asset blockchain payment platform, KONMARKET, the NFT marketplace, and KONSTORE, a competitively priced online shopping mall.
Enhancing User Convenience in Web 3.0
KONIVERSE, as part of KONDOR’s overarching strategy, is dedicated to significantly improving user convenience by facilitating easy access to key functions and services across diverse domains. The goal is to ensure continuous and hassle-free access to essential services for users, marking a substantial step towards the extensive expansion of the KON ecosystem.
Transitioning to Proof of Stake (PoS) Consensus Algorithm
A pivotal aspect of KONIVERSE’s development strategy involves the substantial expansion and enhancement of the KONET Mainnet ecosystem. The transition from Proof of Authority (PoA) to a Proof of Stake (PoS) consensus algorithm is a key component, encompassing updates to the genesis block, activation of mechanisms like EIP-1559, network fee burning, reserve pool management, and the deployment of PoSDAO contracts. The detailed roadmap outlines the release and commercialization of the improved UI/UX and additional features in KONPAY 2.0, the expansion of KONIVERSE solution commercialization areas, and global market entry within the year.
Strengthening Security Amidst Web 3.0 Challenges
KONIVERSE’s launch is not only aimed at expanding the Web 3.0 ecosystem but also at fortifying the trading and payment environment for digital assets. Recognizing the persistent challenges of hacking and digital asset theft, KONIVERSE prioritizes enhancing user information and digital asset security through the strict implementation of security guidelines within its solutions.
Focusing on Trustworthy Ecosystems for Stable Revenue Generation
Representing KONDOR, Cha Se Yung emphasized the critical importance of forming an ecosystem built on safe systems and solutions that users can trust for stable revenue generation. He expressed confidence that KONIVERSE would synergize various contents, such as tourism, exhibitions, sports, and performances, with the currently operated payment, commerce, and market services. Additionally, he announced the anticipated launch of TourismPay by the third quarter of 2024.