On February 28, South Korean art content agency Ongroo Inc. and Everscale officially agreed to jointly develop and launch an NFT marketplace based in South Korea.
Founded in 2012, Ongroo Inc. is South Korea’s leading art content creation company. The company, which has produced over 200 different projects, is teaming up with Everscale, the most technologically advanced blockchain in existence. Powered by an infinite sharding mechanism, Everscale adapts to any workload it is tasked with, without the size of the load affecting transaction times or processing fees.
Recently, Everscale announced that it had entered into a strategic partnership with Venom, a network with a strong foundation for central bank digital currencies (CBDCs) and Web 3.0 applications in the Middle East, North Africa, and other emerging economies around the world.
Ongroo Inc. and Everscale have already worked together to help realize Zyrazy, a blockchain art installation created by Peti Triot. Peti Triot’s installation is a kind of anonymous messenger where you can leave any message without it being able to be traced back to you. As soon as you send a text it is encrypted and stored on the blockchain. All messages are broadcast in real-time for anyone to see on YouTube, and archived simultaneously on the project’s Twitter.
The project has been going on over the past 70 days and has already featured over 10,000 unique messages. The physical part of the installation is centered in the world-renowned Hwroo art gallery located in the center of Seoul.