koda

According to the Korea Economic Daily, at least seven companies, including Dunamu, the operator of the South Korean cryptocurrency exchange Upbit, have submitted proposals to bid to become the first private custodian of virtual assets seized by the Korean National Police Agency. Other bidders include major custodians Korea Digital Asset (KODA), Korea Digital Asset Custody (KDAC), BDACS, Hecto Wallet One, Infinite Block, and DSRV.An official from a virtual asset custody institution explained that the selection results may be finalized next month. The official pointed out that in a previous pilot project conducted for the National Tax Service, the winning bidder was determined within one to two weeks after the proposal presentation concluded.

According to News1, the Korean National Tax Service is piloting the custody and management of seized virtual assets by entrusting them to private cryptocurrency custody institutions for the first time, with plans to run a trial until the end of this year.Major custody institutions in Korea, such as KODA, KDAC, Hecto WalletOne, BDACS, and InfiniteBlock, are all prepared to participate. Although the budget for this pilot project is only about $5,800, the industry believes that obtaining a reference case from the "Korean National Tax Service project" is of symbolic significance.

The Jito Foundation has signed a memorandum of cooperation with the Korean digital asset custodian KODA to explore providing institutional custody and staking support for JitoSOL in the Korean market.According to a Monday announcement, the agreement covers the promotion of institutional investors and the development of compliant custody and staking pathways. This move comes as the Korean Financial Services Commission is expected to finalize the digital asset regulatory framework later this year. In February, the Jito Foundation began exploring the launch of the JitoSOL ETF in Korea with Hanwha Asset Management, but it is still pending regulatory approval. KODA is supported by investors such as KB Kookmin Bank and holds a VASP license and ISMS certification, providing custody infrastructure such as cold storage and MPC key management.

According to ChainCatcher news reported by Decrypt, Yuga Labs announced that the core social hub of its Bored Ape Yacht Club-themed metaverse project, Otherside, will officially open on November 12.The opening of the hub and social center is just the first layer of the three-tier architecture of this world. Next is the game layer, which will include numerous quests and battles created by developers and independent creators; there will also be the Otherside Development Kit (ODK), a toolkit for building and publishing works within the game world. In addition, Yuga Labs revealed that Otherside will be featured on the Amazon Games homepage, promoting its metaverse brand to millions of Amazon users.The company will collaborate with Amazon to launch an exclusive co-branded Voyager character named "Boximus," which can explore the Otherside metaverse. Related merchandise will be available for sale in the Otherside brand store starting Thursday. Yuga has also partnered with artist Daniel Arsham to release a limited edition collection of 300 pieces in the Voyager series, which combines exquisite artwork with interactive digital collectibles that can evolve over time.

ChainCatcher news, South Korea's largest institutional cryptocurrency custody service provider, Korea Digital Assets (KODA), announced that it will receive a capital increase of 3 billion KRW (approximately 2.25 million USD). This is about twice the capital of KODA, and the target company for the capital increase is still unclear.It is reported that KODA is a joint venture of KB Kookmin Bank, blockchain technology company Hatchlabs, and blockchain investment firm Hashd.

ChainCatcher news, Upstate Shredding CEO, renowned American industrialist, entrepreneur, investor, collector, and philanthropist Adam Weitsman purchased Gold Mega Koda #9969 from Animoca Brands for 100 ETH.It is reported that Adam Weitsman previously acquired Mega Koda #9951 and purchased the "Jimmy Key (Dookie Dash Golden Key)" for $1.6 million (1000 ETH).

ChainCatcher news, car manufacturer Skoda has announced a partnership with Skodaverse India to launch NFTs, marking its first foray into the Web3 space. Users will be able to buy and trade NFTs in the Web3 environment of Skodaverse.The NFTs will be created based on the NEAR protocol, with each NFT unlocking exclusive experiences for users and enabling secure, transparent, and decentralized transactions through the use of carbon-neutral blockchain technology. (source link)

ChainCatcher news, the luxury brand Gucci has collaborated with Yuga Labs on the metaverse project Otherside to launch the NFT series "KodaPendant," which will take a snapshot on June 21 at 10:00 AM Eastern Time (June 21 at 10:00 PM Beijing Time) to determine eligibility for claiming the physical necklace.Previous report, in April, Gucci and Yuga Labs launched the "KodaPendant" NFT series, with a total of 3,333 pieces, each NFT corresponding to a physical necklace. (Source link)

ChainCatcher news, Yuga Labs' metaverse project Otherside has launched Koda NFT splitting and Vessel claiming. Only Otherdeeds that own Koda can be split, but all Otherdeeds holders can claim a Vessel NFT. It is recommended to complete the claiming process through a desktop browser. Both Vessel claiming and NFT splitting are open indefinitely, so there is no rush to claim.In addition, after the split, users' Otherdeed NFTs must be destroyed. Burning the original Otherdeed will generate one Koda NFT and one Otherdeed Expanded NFT without Koda. Each NFT will exist in a new collection, independent of each other.Users holding regular Otherdeeds will receive a new Vessel NFT and an Otherdeed Expanded NFT after claiming the Vessel.The Otherdeed Expanded NFT is key to unlocking future gaming experiences and activations, including "Otherside: Legends of the Mara." (source link)

ChainCatcher news, Yuga Labs updates the gameplay of the metaverse platform Otherside's 2D strategy game Legends of the Mara (LOTM). Users can participate in Koda "Decoupling" and Vessel claims, where the user's Otherdeed will be destroyed and become part of the Otherdeed Expanded NFT. The new NFTs will be transferred to the user's wallet, and these new collectibles are key to unlocking the gaming experience through Otherdeed Expanded, including the LOTM game.It is reported that Otherdeed Expanded is a dynamic NFT that can change over time. The two key components of the LOTM game are the Otherside Koda NFT and the Otherside Vessel NFT. Koda Decoupling will take place this week, and Vessel claims will open later this week, both of which will remain open indefinitely. (source link)

ChainCatcher news, luxury brand Gucci collaborates with Yuga Labs' metaverse project Otherside to launch the NFT series "KodaPendant" along with physical necklaces. A total of 3333 NFTs will be released on April 6, with a sale duration of 24 hours. Participants must hold a Koda or Vessel NFT, and after purchase, the visual effect of the original NFT will be updated to display the KodaPendant and Gucci-branded frames. The physical KodaPendant will be available for sale on the Gucci website this summer. (source link)