South Korean exchange Korbit released employee IDs as NFTs

The platform was inspired by the non-fungible tokens from the CryptoPunks collection

28.06.2022 - 14:10

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What’s new? South Korean cryptocurrency exchange Korbit said it has issued employee IDs in the form of non-fungible tokens, inspired by NFTs from its CryptoPunks collection. The company hopes that providing employees with such IDs can “boost the company’s sense of community.” Employees applied for NFTs in early June, and on June 20 their token-IDs were issued and distributed to MetaMask's personal cryptocurrency wallets.

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Korbit is one of South Korea's five fully licensed exchanges, founded in 2015 by Samsung Group with technical and consulting support from Microsoft Corporation. The daily trading volume on the platform exceeds $10 million.

CryptoPunks is one of the first NFT collections on the Ethereum blockchain. It was launched in June 2017 by Larva Labs and bought by Yuga Labs in 2022. The collection consists of 10 000 NFTs in the form of 24×24 pixel images of people. As of June 28, the minimum price per token is 25 ETH ($30 625).

Earlier, South Korea's Songyungwan University began giving students certificates and awards in the form of NFTs issued on the Klaytn blockchain.

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