Neopin Forms Strategic Partnership with KNS, the First Domain Service on Klaytn

Strengthening Collaboration Including NeoFin Wallet Connection and DeFi Product Composition within KNS Platform
Future Opening of KNS Swap Pool within NeoFin Platform

[Asia Economy Reporter Kwangho Lee] Blockchain specialist company Neopin announced on the 26th that it has signed a strategic partnership with KNS (Klaytn Name Service), the first domain service on Klaytn.

Through this partnership, the two companies plan to collaborate on ▲connecting Neopin wallets within the KNS platform ▲mutual cooperation for De-Fi product composition within Neopin ▲technical support and digital asset commercialization for building the blockchain ecosystem of both KNS and Neopin platforms ▲overall business cooperation and mutual business collaboration to foster a healthy ecosystem for tokens issued by both companies.

Accordingly, Neopin plans to open a swap pool for the ‘KNS token,’ which is used as the base currency on KNS, on the Neopin platform in the future. It will be possible to swap various cryptocurrencies supported by Neopin with KNS, and by supplying liquidity to the KNS-NPT yield farming, users can receive KNS and NPT (Neopin Token) as rewards according to the deposit ratio.

KNS, a Klaytn-based domain service, converts long and complex addresses such as virtual asset wallets or metadata into simple domains in the form of <0000.klay>. Overseas, Ethereum domain service ENS (Ethereum Name Service) has already gained great popularity, and domestically, the reputation of Klaytn-based domain services continues to rise. KNS has signed an official partnership with ‘Crust,’ a Kakao affiliate, and has attracted investment from ‘Hyperism,’ a virtual asset financial service company with shareholders including Coinbase and Samsung Next, raising expectations for future business.

Neopin, a blockchain open platform, is characterized by strengthening ‘trust’ and ‘stability’ by applying strict security guidelines such as KYC (Know-Your-Customer) authentication system and anti-money laundering (AML) policies. Centered on various De-Fi services such as staking, yield farming, and swaps, it is connecting and expanding the ecosystem to P2E (Play to Earn), S2E (Service to Earn), NFTs, and more. Neopin’s parent company, Neoply, is a subsidiary of Neowiz Holdings. It started node operations in 2018 and has solid technical know-how and experience in blockchain business, including activities in the Klaytn Governance Council and operating the virtual asset wallet service ‘Nblocks’ since 2019.

A Neopin official said, “We are accelerating the expansion of the Neopin ecosystem, including the recent strategic partnership with KNS, which is attracting attention in the blockchain industry. Following the vision of connection and expansion, we will aggressively promote the expansion of various De-Fi products within the Neopin platform and the connection of Neopin wallets with other blockchain services.”

A KNS official said, “We will build an environment that provides convenience to users by integrating KNS into the Neopin ecosystem.”