Lambda256, a blockchain subsidiary of Korea’s dominant crypto exchange operator Dunamu, expects its representative blockchain platform ― Luniverse ― to gradually expand its footing as a more globally influential service with its price competitiveness and market responsiveness, the firm’s CEO Park Jae-hyun said during a recent interview.
The Dunamu affiliate made its debut in May 2018, operating the blockchain-as-a-service platform for clients here and abroad. The cloud-based blockchain infrastructure provider is still lesser known in the United States and Europe despite its robust sales growth in the home market.
But the firm’s leader expressed optimism for gradual inroads into not just the Asia-Pacific region but others across the globe.
“Blockchain technology is on a path to becoming more and more publically accessible, and we are a company playing a role for our clients to more easily access blockchain,” Park said. “Luniverse stands at the center of the role. The platform still has a way to go for globalization. Our near-term goal is to expand our market share in Asia that has huge growth potential thanks to an ever-growing demand for blockchain. For instance, the number of Southeast Asian blockchain-powered game users is forecast to rise further.”
The Lambda256 chief picked its price competitiveness as the most attractive selling point of Luniverse.
“Luniverse offers diverse blockchain functions at a very reasonable price which is much cheaper than our major counterparts in the U.S.,” he said. “Another key feature includes our market responsiveness. When receiving reviews and requests from our clients, we reflect their demands on our platform within a quarter on average.”
Luniverse helps its users to set up their private blockchain system and enables them to easily access public chains such as Polygon, according to Lambda256.
The company reported solid sales growth last year. Its 2022 annual sales soared to 7.23 billion won ($5.46 million) from 2.75 billion won in 2021. But the company has yet to achieve a turnaround with its net loss reaching 46.5 billion won last year.
But Park shrugged off the loss, citing the company’s business infancy.
“Most of the loss stemmed from our new investment and employee stock compensation,” he said. “We are in a stage of exquisitely positioning ourselves as a more influential global firm. Even if sales are growing, relevant investment should also be executed.”
Lambda256, a blockchain subsidiary of Korea’s dominant crypto exchange operator Dunamu, expects its representative blockchain platform ― Luniverse ― to gradually expand its footing as a more globally influential service with its price competitiveness and market responsiveness, the firm’s CEO Park Jae-hyun said during a recent interview.
The Dunamu affiliate made its debut in May 2018, operating the blockchain-as-a-service platform for clients here and abroad. The cloud-based blockchain infrastructure provider is still lesser known in the United States and Europe despite its robust sales growth in the home market.
But the firm’s leader expressed optimism for gradual inroads into not just the Asia-Pacific region but others across the globe.
“Blockchain technology is on a path to becoming more and more publically accessible, and we are a company playing a role for our clients to more easily access blockchain,” Park said. “Luniverse stands at the center of the role. The platform still has a way to go for globalization. Our near-term goal is to expand our market share in Asia that has huge growth potential thanks to an ever-growing demand for blockchain. For instance, the number of Southeast Asian blockchain-powered game users is forecast to rise further.”
The Lambda256 chief picked its price competitiveness as the most attractive selling point of Luniverse.
“Luniverse offers diverse blockchain functions at a very reasonable price which is much cheaper than our major counterparts in the U.S.,” he said. “Another key feature includes our market responsiveness. When receiving reviews and requests from our clients, we reflect their demands on our platform within a quarter on average.”
Luniverse helps its users to set up their private blockchain system and enables them to easily access public chains such as Polygon, according to Lambda256.
The company reported solid sales growth last year. Its 2022 annual sales soared to 7.23 billion won ($5.46 million) from 2.75 billion won in 2021. But the company has yet to achieve a turnaround with its net loss reaching 46.5 billion won last year.
But Park shrugged off the loss, citing the company’s business infancy.
“Most of the loss stemmed from our new investment and employee stock compensation,” he said. “We are in a stage of exquisitely positioning ourselves as a more influential global firm. Even if sales are growing, relevant investment should also be executed.”
MH Lee(2023.06.07) “Blockchain technology on path to becoming more publically accessible”
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