IOTrust, a specialist in Web3 wallet solutions, has announced a strategic partnership agreement with Socialus, a platform for YouTube channel trading and investment. Through this agreement, both companies aim to develop ongoing collaborative models for new blockchain ventures.
The core of this partnership is to integrate IOTrust's enterprise Web3 wallet service 'WEPIN' and blockchain technology into various YouTube investment and trading initiatives that Socialus is preparing.
The WEPIN wallet is an enterprise wallet solution that provides simple SDKs and APIs, allowing companies with no blockchain development experience to integrate wallets into their apps or websites within five minutes. WEPIN wallet users can access streamlined blockchain wallet services through social login and account abstraction features.
Socialus, which has been analyzing YouTube big data since 2017, has successfully launched a channel exchange in 2022 and a YouTube channel investment platform in 2023, creating an ecosystem for YouTube channel growth based on accumulated data and expertise.
An IOTrust spokesperson stated, "By incorporating the WEPIN wallet into Socialus's innovative new business, we can create new use cases for Web3 technology. We plan to continue expanding the application of blockchain technology across various industries."
Yang Hyo-wook, CEO of Socialus, commented, "While YouTube's viewer, advertising, and commerce markets, used by 2.5 billion people or 31% of the global population, continue to grow, the infrastructure for trading and investing in YouTube channels remains underdeveloped. We believe that collaboration with the technologically robust WEPIN wallet will ensure reliability in YouTube channel investment/trading and bring innovation to the related ecosystem."
Both companies plan to leverage this partnership to explore various new business models utilizing blockchain technology and seek new possibilities for Web3 services beyond the YouTube ecosystem.
[WEPIN Wallet SNS Channels]
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