Seoul Labs and FOB Lab launch joint venture in Thailand
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Seoul Labs and FOB Lab announced the establishment of a joint venture, FOB Lab, in Thailand, alongside the launch of their collaborative project ‘Xphere,’ aiming to revolutionize blockchain technology.
Seoul Labs collaborates with a local e-sports company in Thailand to participate in the local blockchain business, showing a strong push for global market expansion.
“Xphere will start with governance at its core and expand into a Layer 1 blockchain. We aim to broaden the blockchain ecosystem, especially utilizing the synergy between e-sports and blockchain.”
FOB Lab CEO Albert Kim introduced FOB Lab’s growth strategy at the ‘Beyond Blockchain Experience in Bangkok 2024’ held in Bangkok, Thailand on the 26th of March.
On that day, CEO Kim announced plans to jointly develop a new mainnet project that further advances existing blockchain technology with Seoul Labs.
Consequently, FOB Lab declared the launch of the Layer 1 mainnet project ‘Xphere’ in collaboration with Seoul Labs. Xphere is anticipated to revolutionize existing chain blockchain technology, leading the development and innovation of the blockchain ecosystem.
This project, powered by the collective efforts of Seoul Labs and FOB Lab, is expected to provide an even higher level of security and scalability, offering innovative solutions to the global blockchain community.
CEO Kim emphasized, “Xphere will serve as a mechanism to attract many assets, users, and investors within the Saseul(SL) to the economic ecosystem. We aim to create a structure where the Saseul and Xphere interact cyclically.” He further stated, “To foster the development of the Xphere ecosystem, it’s essential to establish collaborative relationships that attract users from other networks, not just focus on the growth of our own network.”
Lastly, FOB Lab intends to continue collaborating with various blockchains, focusing on interoperability, following the launch of Xphere.
CEO Kim highlighted, “Our goal is to participate in various blockchain ecosystems, providing a convenient development environment and making DApp development and usage accessible even without specialized knowledge of blockchain technology.”
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