<p>Wame, a California-based company specializing in the development of privacy protection and asset monetization technologies using blockchain and artificial intelligence (AI), has signed a memorandum of understanding (MOU) with Japanese Web3 consulting firm Pacific Meta, according to South Korean news outlet <a href="https://news.mt.co.kr/mtview.php?no&#61;2023121110553859471" rel="noopener noreferrer nofollow">Money Today</a> on Monday (local time).</p><p>Through this MOU, the two firms plan to focus on promoting Play-to-Earn (P2E) games and various Web3 projects, particularly in the Asian market — including Japan, China and the Philippines.</p><h2 id="header-0">Empowering data sovereignty</h2><p>Formerly known as Altverse, the company has its roots in Korean internet juggernaut Kakao’s startup incubation arm Krust and is dedicated to developing decentralized identity (DID) solutions. DID technology involves digital identity verification utilizing blockchain instead of centralized servers. This enhances personal data ownership and privacy protection and allows for asset monetization, safeguarding against hacking and other potential security threats.</p><h2 id="header-1">Securing partnerships and investments</h2><p>Wame is also a participant in the Governance Council of Klaytn, Kakao’s blockchain project, and has secured seed investments from Krust, Lotte Ventures and Alphanonce. Together with Pacific Meta’s Asia-based Web3 consulting services, the firm expects to solidify its foothold in the Asian market by nurturing innovative Web3 projects, as highlighted by CEO Lee Eun-ho.</p><p>Shota Iwasaki, CEO of Pacific Meta and one of Forbes’s 2020 “30 Under 30 Asia”, emphasized the importance of collaboration for opening a new chapter in the development of the Web3 industry in Japan and throughout Asia.</p>

Wame and Pacific Meta join forces to build Asian Web3 industry

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