NFT News

Hyundai Card to debut NFT products in conjunction with Like Lion

BTC Peers Reporter

Jun 8, 2022 — 1 min read

The bank card arm of Hyundai Motor Group, “Hyundai Card,” has entered a three-way partnership with programming training startup “Like Lion” to launch a non-fungible token (NFT) marketplace and to offer digital wallet services in the second half of 2022.

The joint venture dubbed “Modern Lion,” derives its name from both companies as “Hyundai,” when translated, means modern. It will mint NFTs primarily based on Hyundai Card’s property.

“When important companies and startups are working for a joint venture, they have to be willing to work together on an equal footing,” said Chang Tae-young, VC and CEO of Hyundai Card. Duhee Lee, CEO of LIKE LION, added:

We are doing our best to make Modern Lion an influential NFT player and gain a leading position in the global market.

According to a 2021 statistic, Hyundai Card is South Korea’s fourth-largest credit card company, with about US$324 million in working earnings. The firm posted job openings for individuals with experience in NFTs and blockchain technology earlier this year, indicating its interest to expand into the emerging sector.

South Korean tech startup Like Lion was founded in 2013, it boasts several blockchain-led merchandise, including NFT profile image assortment MetaKongz. It offers programming education to non-professionals so they can develop their own web services.

This isn’t the first time the two companies are working together. They previously collaborated to launch a restricted MetaKongz NFT assortment on OpenSea in April 2022.

Check our guide of the most promising crypto

Massive Hype Around The Hottest Launchpad for Memecoins with 100x-1000x Returns

In the current bull run, the Solana ecosystem has emerged as the epicentre of memecoins, overshadowing the dominance previously held by BNB and ETH in the last bull run. Despite this shift, Solana's infrastructure for memecoins still lacks the robustness seen on other channels in previous seasons. Enter

‘Not a Hedge Fund’ App OpenHarbor Unlocks Premier Crypto Investing Strategies for Everyday Investors

Non-custodial app allows users with Binance accounts to choose among investment strategies with annual percentage yields as high as 182% SOUTH KOREA, April 19, 2024 - OpenHarbor, a startup building the hedge fund of the future, announced today the launch of its app that gives everyday investors, who want exposure

RACE Protocol Introduces RACE Heroes NFT Pre-sale, Offering Exclusive Benefits for Early Adopters

RACE Protocol, a multi-chain infrastructure designed to facilitate the development and deployment of secure and fair web3 games, is thrilled to announce the launch of its RACE Heroes NFT Pre-sale. This exclusive collection of 10,000 unique NFTs provides early adopters with the opportunity to become a key part of

ceτi AI Acquires Big Energy Investments Inc. to Boost Its High-Performance Computing Capabilities in North America

Vancouver, Canada, April 18th, 2024, Chainwire ceτi AI, a leader in decentralized artificial intelligence infrastructure, is pleased to announce its acquisition of Canadian company Big Energy Investments Inc., a firm specializing in strategic investment in high-performance computing infrastructure. This acquisition marks a significant first step in ceτi AI’s strategy

Read more

Massive Hype Around The Hottest Launchpad for Memecoins with 100x-1000x Returns

‘Not a Hedge Fund’ App OpenHarbor Unlocks Premier Crypto Investing Strategies for Everyday Investors

RACE Protocol Introduces RACE Heroes NFT Pre-sale, Offering Exclusive Benefits for Early Adopters

ceτi AI Acquires Big Energy Investments Inc. to Boost Its High-Performance Computing Capabilities in North America