WEPIN Wallet Partners with PropTech Startup 44 Labs, Integrating Web3 Wallet and Signing MOU

IOTrust, the operator of the enterprise Web3 wallet service 'WEPIN', announced on the 10th that it has signed a Memorandum of Understanding (MOU) with FortyFour Labs, a blockchain-based PropTech startup, to integrate the WEPIN wallet into FortyFour Labs' on-chain platform.

The WEPIN wallet is an enterprise wallet solution that provides simple SDKs and APIs, allowing companies without blockchain development experience to integrate wallets into their apps or websites within 5 minutes. Under this agreement, FortyFour Labs will directly integrate the WEPIN wallet into its 'RWA (Real World Assets)' and 'RWB (Real World Benefit)' models, enabling users to manage blockchain-based assets more easily and conveniently.

An IOTrust representative stated, "We are pleased that users will be able to experience the digitization of physical assets more easily through the integration of FortyFour Labs' innovative PropTech solution and the WEPIN wallet. This will present a new paradigm in real estate and asset management."

Kim Tae-hoon and Kim Ji-ho, co-CEOs of FortyFour Labs, said, "Through this partnership, we aim to provide our 'Green Panda' platform users with the WEPIN wallet, which has become more convenient with social login and account abstraction features. We hope to enhance the accessibility and convenience of Web3 services and contribute to the increased utilization of blockchain technology in real estate and physical asset markets."

Both companies expect this collaboration to expand the use of Web3 technology in real estate and physical asset markets, providing users with more innovative asset management services. They also plan to focus on improving the user experience of FortyFour Labs' 'Green Panda' platform and lowering the entry barrier to blockchain technology through the integration of the WEPIN wallet.

FortyFour Labs operates membership and platform businesses based on the assets of Namhae Construction's affiliates and provides digital on-chain solutions based on physical assets. The company is particularly developing various businesses utilizing assets such as 'Snoopy Garden', Korea's only Snoopy theme park, and 'Le Onette CC' golf course. Additionally, they are gradually expanding equity investment in A-Panda through the RWA (Real-World Asset) model.

Furthermore, FortyFour Labs is developing its own on-chain platform 'Green Panda' based on the RWB (Real-World Benefits) model. Green Panda primarily aims to increase the tradability of intangible assets by registering them on the blockchain while presenting a new way of storing value. Through this, FortyFour Labs is applying blockchain technology to physical and intangible assets, establishing a differentiated business model in the digital asset market.