Web3 wallet specialist IoTrust recently announced on the 13th that it has signed a Memorandum of Understanding (MOU) with spatial information platform company Thingken for Web3 business cooperation. Under this agreement, IoTrust will provide its enterprise Web3 wallet service 'WEPIN' to THINKN's spatial information D2E service.
The two companies' strategy is to upgrade user experience by linking the WEPIN wallet solution to THINKN's spatial information service platform, and to jointly develop new content and intellectual property (IP) services utilizing Web3 technology.
A THINKN representative said, "The spatial information industry market produces a huge amount of spatial information every year, but there are practical problems such as services being built according to their own standards and lack of sharing systems for the latest data, resulting in unnecessary costs."
They emphasized, "Through THINKN's spatial information service, we will lead the market by preparing for users and various partners to assign new value of Web3 to real-time generated spatial information, receive fair compensation, and utilize high-quality spatial information in various ways."
An IoTrust representative said, "Through this partnership, we want to provide WEPIN wallet, which has become even more convenient with social login and account abstraction features, to users of THINKN's spatial information service to increase accessibility and convenience, and contribute to making the spatial information D2E service even more powerful."
IoTrust's WEPIN wallet is an enterprise wallet solution that provides simple SDK and API, allowing anyone to integrate a wallet into their app or website within 5 minutes. Also, through WEPIN's account abstraction technology, corporate customers can now develop Web3 services with greatly improved user convenience and accessibility.