TTC Protocol has announced new dAPP partnerships with four key vertical social platforms in South Korea.
TTC Protocol is one of the largest social networking ecosystems on the blockchain with over 30m users spanning multiple dAPP partnerships. As a decentralized, incentive-based social networking protocol, TTC Protocol provides a one-step solution for integrating blockchain technology with a stable, vibrant ecosystem that provides value to all participants including developers, users, and third-party advertisers.
Through new partnerships with the following platforms, TTC Protocol is adding 7.5m users to its existing user base:
Pikicast – A Popular Content Platform for Millennials in South Korea
Pikicast is one of South Korea’s most popular mobile content platforms, with over 19m downloads. Every month, millions of millennials use Pikicast to view the latest trendy video, text, picture, and webtoon content.
SocDoc – South Korea’s #1 Anonymous Mobile Community for Women
SocDoc is South Korea’s #1 mobile community for women, where users use anonymous IDs to share their daily thoughts on relationships, fashion, and makeup tips. It is a fast-growing community with 100k DAU and 250k registered users, of which 33% visit the service more than 5 days a week. Over 10k posts and 100k comments are shared within the community daily.
Womanstalk – South Korea’s First and Largest Fashion-Beauty Video Commerce Platform
Womanstalk is South Korea’s first and largest fashion-beauty video commerce platform with over 1.2m registered users and 210k+ products. It aims to enhance the mobile shopping experience by helping customers discover and share the latest products and trends via short videos. More than 100 video influencers, including celebrities, YouTubers, and its own influencers called “W-Crew”, share their thoughts through product reviews and expertise on fashion, food, and beauty.
Cobak – South Korea’s #1 Mobile Community for Cryptocurrency Enthusiasts
Cobak is South Korea’s #1 mobile cryptocurrency community. Each month, over 300k cryptocurrency enthusiasts visit Cobak to discuss blockchain-related topics including the latest blockchain news, trends, and market prices. Cobak also provides a live quiz show as a unique marketing service for blockchain projects.
Why Focus on Korea?
TTC Protocol believes that the partnership with key Korean social platforms is a perfect real-life sandbox environment to test-launch its first local ecosystem for the following reasons:
- Quick Tech Adoption: More than half the population of Korea resides within a 100 km radius of Seoul, its capital, and the majority are highly educated (>~70% attended university). It is one of the most-wired countries in the world with some of the fastest Internet available. Korea has a unique setting where information and trends can spread more quickly than other parts of the world.
- Wide User Coverage: 7.5m users is a significant number by itself, yet what is more impressive is that there are only about 15m millennials (aged 14 to 36) in Korea. With these new partnerships, TTC Protocol will quickly penetrate a majority of the Korean millennial market, creating a powerful network effect.
- Digital Currency Friendly: Korea was one of the first countries to begin purchasing digital assets with fiat currency. In early 2000, a Korean citizen reportedly paid over 25k USD for a digital sword in a popular MMORPG. This trend continues today; one recent study claims that 40% of white-collar Korean workers own or have owned one or more cryptocurrencies.
Brian Cheong, President and Founder of TTC Protocol, said,
“this dAPP partnership with four, number-one vertical social platforms in Korea is only the first step for the mass adoption of blockchain.”
He added that,
“considering that top Ethereum dAPPs have around one-thousand daily active users, we are very excited to see millions of users being migrated onto blockchain; TTC Protocol will lead the mass user adoption movement.”
TTC Protocol recently launched their “Merapi” Testnet which is currently undergoing penetration and security testing. In the following months, the four new dAPP partners will be integrated with the TTC SDK to simulate and test the TTC Reward Engine (TReE) before going live to the public in Q1 2019.
TTC Protocol plans to expand its partnerships to other regions such as Indonesia, Thailand, and Vietnam.