<p>Korea Information Certificate Authority (KICA), a South Korean certification service provider, <a href="https://www.etnews.com/20230818000099" rel="noopener noreferrer nofollow">has recently ventured</a> into the NFT domain through its new platform, Web3id.kr.</p><h2 id="header-0">NFT domains</h2><p>NFT domains function as user-friendly addresses that simplify the cumbersome 42-character cryptocurrency wallet address. As part of this new initiative, KICA partnered with the Web3 identity platform, Unstoppable Domains, in February to facilitate the creation of NFT domains specifically for the South Korean market.</p><p>An official from KICA emphasized the versatility of NFT domains, noting that a single domain can act as a distinctive username across various dApp platforms. To celebrate the debut of Web3id.kr, KICA is conducting a promotional event between August 17 and September 16. At the end of this event, 100 lucky participants, chosen randomly from those who promote Web3id on their social media accounts, will be awarded credits. These credits can then be redeemed at Unstoppable Domains for an NFT domain.</p><h2 id="header-1">From Web2 to Web3</h2><p>KICA, with its 24-year legacy, has been a frontrunner in offering Web2 authentication services such as public key infrastructure (PKI) and biometric solutions, emphasizing its prominence in the Know Your Customer (KYC) authentication sector. The firm is currently ramping up its efforts to stay ahead in the evolving Web3 space. A testament to this is its recent acquisition in August of Digitalzone, a digital certificate solution provider that holds a market share of over 50% in the domestic certificate sector for universities and hospitals.</p>

Korea Information Certificate Authority Dives into NFT Domain with New Platform Launch

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