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Seoul's Web3 Evolution: Near Protocol Partners with Dongdaemun-gu District

Near Protocol allies with Seoul's Dongdaemun-gu Office, setting the stage for South Korea's ascent in the global Web3 domain.

Near Protocol and Seoul’s Dongdaemun-gu Office: The New Dawn of South Korea's Web3 Industry

South Korea's capital city, Seoul, renowned for its modern skyscrapers and deep-rooted traditions, is set to experience a technological evolution. In an audacious move, Near Protocol has forged an alliance with Seoul's lively Dongdaemun-gu District. This alliance is more than just a business agreement—it's a commitment to metamorphose South Korea into a Web3 powerhouse.

Seoul's Dongdaemun-gu Office has not only signed a pact but etched a Memorandum of Understanding (MOU) with the NEAR Foundation. This collaboration is not just a nod towards embracing Web3 but a strategic blueprint designed to offer a gamut of opportunities for both businesses and tech aficionados. The partnership promises to uncomplicate bureaucratic processes, provide tax relaxations, and most crucially, channelize talent via specialized training programs for the Web3 domain.

Web3 is all about collaboration and innovation. Recognizing this, NEAR Protocol is offering its extensive support in simplifying administrative processes and providing tax exemptions. Additionally, the foundation and Dongdaemun-gu Office will maintain an open dialogue to bolster their joint efforts in nurturing the Web3 landscape.

NEAR Protocol, with its Blockchain Operating System (BOS) and FastAuth, aims to make the Web3 world as intuitive as the familiar Web2. These features are the cornerstones in making blockchain more accessible to the masses.

Recent developments indicate NEAR's dedication to enhance user experience. From optimizing contract deployment costs to refining the runtime performance of smart contracts, the foundation is unwavering in its pursuit of excellence. Marieke Flament, the CEO of the Near Foundation, beautifully encapsulates their mission, stating their eagerness to nurture the Web3 sector in Korea, emphasizing on education and sustainable ecosystem development.

Although NEAR is strategically positioning itself in the ever-evolving NFT space, its current footprint remains modest. However, with the vigor of their latest partnerships and their commitment to innovation, the tides could soon turn.