[Asia Economy Reporter Hyungsoo Park] Hanyang Securities analyzed on the 26th that Galaxia Moneytree is expected to show visible expansion in new businesses along with steady cash cows in the second half of this year.
Minju Park, a researcher at Hanyang Securities, stated, "In the first quarter, Moneytree played the role of a cash generator in its core business and recorded significant performance," adding, "Profit margins improved significantly, nearly doubling compared to the fourth quarter of last year."
She continued, "They quickly entered the NFT market and secured a stable position amid the booming related industry," and said, "Excessive concerns about NFTs and virtual assets due to incidents like the Luna crisis are unnecessary." She expects a period of stabilization to come after a transitional phase with insufficient regulations.
Galaxia Moneytree is using this opportunity to reorganize its business and is actively promoting blockchain projects beyond the NFT platform. Researcher Park predicted, "Although it may take some time, since they entered the market proactively, they will benefit significantly once market risks are somewhat resolved."
Park also explained, "Recently, they agreed to collaborate with CJ OliveNetworks, Grid, and Wemakeprice O to develop a food metaverse," adding, "They will be responsible for blockchain and NFT technologies within the metaverse, which could lay the foundation for future metaverse business expansion."
Continuous business agreements and strategic partnerships with large corporations are also anticipated. Additionally, they provide B2B marketing NFT issuance services as part of related businesses. Galaxia Moneytree is the only company offering this service domestically.
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