• Press Releases
    • Submit a press release
    • Read All
  • Contact us
Advertise
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Breaking News: Will Trump Pardon Sam Bankman-Fried? Polymarket Odds Surge as Traders React to CZ’s Release
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Bitcoinist.com
No Result
View All Result
Breaking News: Will Trump Pardon Sam Bankman-Fried? Polymarket Odds Surge as Traders React to CZ’s Release
kakao corp

Kakao Follows $90M ICO With Fresh $90M Funding Goal

Esther Kim
by Esther Kim
6 years ago
·
Posted in News, Altcoin News, Altcoins, Bitcoin Technology, Companies, News teaser
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

South Korean internet giant Kakao Corp has seen major success during its private initial coin offering (ICO) and will raise more funds this week. 


Kakao Doubles Down

As Bloomberg reported March 10, Kakao, which confirmed it has raised $90 million from token sales, wants to double the figure to $180 million — and could even do so this week.

The company is building a blockchain platform, Klaytn, via Ground X, a dedicated off-shoot based in Tokyo, Japan. “There’s going to be a wide spectrum of services,” the latter’s CEO Jason Han said. “We’re continuing to have conversations with Kakao [about content.]”

Klaytn’s initial capital round ran from October to December last year, initially reported as a giant $300 million plan, attracting participation from various venture capital outfits including Translink Capital. The goal is for the platform to become a gaming-focused hub. Ground X is currently in agreements with 26 companies to host their apps.

kakao corp

Keeping Regulators Happy

The ICO’s success, meanwhile, presents an increasingly rare bullish case for the fundraising tool — which has suffered as a result of increasing regulatory scrutiny.

As Bitcoinist reported, South Korea is no exception in this regard, having opted to keep a 2017 ban on ICOs in place late last year.

Through its acceptance of only vetted private investors, Kakao managed to stay on the right side of the law, Bloomberg added — both at home and in the eyes of jurisdictions such as the US.

An example of the phenomenon known as a “reverse ICO” — through which extant companies use digital token sales to gain extra funds – reports first hinted about the offering back in March.

Ground X will, meanwhile, embark on an “aggressive” hiring spree this year — adding to its 65 employees as it eyes a 10-million strong user base by 2020.

A testnet version of Klaytn launched in October, around the time of the initial fundraising. 

What do you think about Kakao’s ICO fundraising? Let us know in the comments below! 


Images courtesy of Shutterstock.

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Esther Kim

Esther Kim

Follow

Full Profile

Related Posts

제미나이 “XRP 4.50달러 전망”… 페페노드, 차세대 1000배 급등 코인 주목

9 minutes ago
비트플래닛

비트플래닛, 비트코인 매입 시작…비트코인 하이퍼 프리세일 2500만 달러 돌파

19 minutes ago
Белият дом туит

Туитът за Белия дом на GameStop предизвиква интерес около WLFI, докато обемът скача до $222M. Ще бъде ли Maxi Doge следващата криптовалута с успех?

45 minutes ago
เหรียญ XRP วางบนกราฟราคาดิจิทัล พร้อมลูกศรชี้ขึ้นไปที่เป้าหมายราคา $4.50 ตามการวิเคราะห์ของ Gemini

Gemini ชี้เป้า! ราคา XRP มีลุ้นทะยานสู่ $4.50

1 hour ago
Gemini XRP cenas prognoze norāda uz 4,50 ASV dolāriem – šeit ir iemesls, kāpēc PEPENODE varētu kļūt par TOP kriptovalūtu

Gemini XRP cenas prognoze norāda uz 4,50 ASV dolāriem – šeit ir iemesls, kāpēc PEPENODE varētu kļūt par TOP kriptovalūtu

1 hour ago
정상급 대한민국 가상자산 거래소, 1,400배 증가한 캄보디아 휴이원 그룹의 자금 이체 수단으로 활용돼...

정상급 대한민국 가상자산 거래소, 1,400배 증가한 캄보디아 휴이원 그룹의 자금 이체 수단으로 활용돼…

5 hours ago
Please login to join discussion

Premium Sponsors

Press Releases

  • Белият дом туит

    Туитът за Белия дом на GameStop...

    49 minutes ago
  • ...

    2 hours ago
  • Snorter Bot...

    4 days ago
  • ORIGIN Protocol's LGNS Achieves Historic Milestone: Liquidity Tops $194 Million, Reclaiming Title as Global Leader in DeFi

    ORIGIN Protocol’s LGNS Achieves Major Milestone...

    6 days ago
  • bonus kcex

    Bonus KCEX: promozione da $21.000 con un bonus deposito del...

    6 days ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

About Us

  • Advertise
  • Contact us
  • Editorial Policy
  • Privacy Policy
© 2025 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
      • Crypto Betting
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Advertise

© 2025 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.