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Klaytn spearheads world’s largest BRC program

By Carine Lee

03:03, 11 August 2022

The Kakao backed firm will collaborate with KAIST and NUS universities for the BRC program – Photo: Shutterstock

Klaytn has chosen Korea Advanced Institute of Science and Technology (KAIST) and National University of Singapore (NUS) to host and operate its Blockchain Research Center (BRC) Program.

Chief Klaytn Officer Seo Sangmin (Sam) made the announcement at the Korea Blockchain Week recently.

BRC is a virtual research institute which aims to advance cutting-edge research for blockchain technology, deepen blockchain capabilities, and support industry growth. 

KLAY to US dollar

The news came after Sam announced that Klaytn intends to use non-fungible tokens (NFTs) as the vehicle for mass adoption at the recently held MetaJam in Singapore.

Klaytn has recently joined forces with OpenSea to invest in the Asian NFT ecosystem.

Klaytn, backed by Korean digital giant Kakao which owns the country’s dominant messaging app, will be funding the BRC with US$20m over the next four years. 

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Blockchain Research Center Program 

A global team of researchers will be running operations, led by KAIST assistant professor Dr Kang Min Suk and NUS associate professor Dr Prateek Saxena, while BRC will operate in an open-source manner, where research conducted will be publicly disclosed as research papers or open-source software.


180.04 Price
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“BRC researchers will contribute to the seven pillars of blockchain research: Consensus, privacy, network, smart contracts, DeFi, economics/ethics, and the metaverse,” Kang said.

“To further the mass adoption of blockchain technology, the cross-pollination of ideas is key. Through the BRC, we look forward to fostering research and industry collaborations with like-minded participants around the world,” he added.

Chief Klaytn Officer Seo Sangmin (Sam) giving his speech at the Korea Blockchain Week recentlyChief Klaytn Officer Seo Sangmin (Sam) at the Korea Blockchain Week recently – Photo: Shutterstock


Sam, also Klaytn Foundation’s representative director, said: “In line with Klaytn's vision to be the bridge from Web2.0 to Web3.0, bridging the latest findings in blockchain between the research community and industry leaders is key for successful real-world applications in DeFi or the metaverse.”

KAIST is Korea’s first and top science and technology university. KAIST and its graduates have been the gateway to advanced science and technology, innovation, and entrepreneurship.

Singapore’s flagship university, NUS, offers a global approach to education, research and entrepreneurship, with a focus on Asian perspectives and expertise.

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Klaytn to US Dollar
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The difference between trading assets and CFDs
The main difference between CFD trading and trading assets, such as commodities and stocks, is that you don’t own the underlying asset when you trade on a CFD.
You can still benefit if the market moves in your favour, or make a loss if it moves against you. However, with traditional trading you enter a contract to exchange the legal ownership of the individual shares or the commodities for money, and you own this until you sell it again.
CFDs are leveraged products, which means that you only need to deposit a percentage of the full value of the CFD trade in order to open a position. But with traditional trading, you buy the assets for the full amount. In the UK, there is no stamp duty on CFD trading, but there is when you buy stocks, for example.
CFDs attract overnight costs to hold the trades (unless you use 1-1 leverage), which makes them more suited to short-term trading opportunities. Stocks and commodities are more normally bought and held for longer. You might also pay a broker commission or fees when buying and selling assets direct and you’d need somewhere to store them safely.
Capital Com is an execution-only service provider. The material provided in this article is for information purposes only and should not be understood as investment advice. Any opinion that may be provided on this page does not constitute a recommendation by Capital Com or its agents and has not been prepared in accordance with the legal requirements designed to promote investment research independence. While the information in this communication, or on which this communication is based, has been obtained from sources that believes to be reliable and accurate, it has not undergone independent verification. No representation or warranty, whether expressed or implied, is made as to the accuracy or completeness of any information obtained from third parties. If you rely on the information on this page, then you do so entirely at your own risk.

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