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ICONLOOP Raises 10 Billion WON, Will Start Identity Service

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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.

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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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