Crypto Short News

ICONLOOP Raises 10 Billion WON, Will Start Identity Service

South Korean blockchain startup ICONLOOP received 10 billion won (~over $8 million) in a Series A funding round. Many Fintech such as Korea Technology Finance Corporation, T.S. Investment was a part of this investment. As per the financial statistics, this is an investment that is first from the ICONLOOP launch in 2016.

The startup has many plans. The platform intends to launch a new decentralized identity (DID) service called “my-ID”. It will be a digital authentication service. The startup intends to expand the ID to fintech and e-commerce industries.

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Qadir AK

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

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