Cosmochain, Signed an MOU with ICON Foundation to Expand Its Ecosystem

Cosmochain, which provides the beauty community ‘DApp’ service, and ICON(ICX), a Korean blockchain platform, have recently signed the MOU.

Cosmochain announced that both parties finalized the MOU in order to build Cosmochain’s DApp, COSMEE, on ICON’s platform on September 14th.

Recently, ICON has been discussing a plan to secure a large-scale of COSM using ICX to facilitate a seamless technical partnership with Cosmochain. Cosmochain announced the amount of COSM that will be purchased is equivalent to thousands of ETH.

ICON and Cosmochain are projects invested by ‘LINE’ and ‘Kakao’ respectively. According to the industry, attention is focused on the news of MOU with two subsidiaries of so-called ‘IT Dinosaur’. Last May, ICON Foundation established ‘Unchain’ and has developed technology in collaboration with Japanese flagship messenger, LINE. Cosmochain also got the attention as the first blockchain project invested by Kakao Investment last month.

Particularly, Cosmochain signed a partnership with Kakao’s blockchain subsidiary, ‘Ground X’, showing the possibility of providing its service under the label, ‘Kakao Beauty’.

Based on the news about MOU between Cosmochain and ICON, experts have a high expectation on the beauty DApp service, which will work with both LINE and Kakao Talk.

A Comochain official said, “Cosmochain was able to sign MOUs with major IT corporations since Cosmochain was positively evaluated in terms of launching the actual service,” and “Cosmochain team will focus on improving COSMEE’s service since COSMEE is still at its pilot stage.”

— Seunghyun Lee (Global Economy Times)

Original Article:

For more details about Cosmochain and COSMEE, please visit the websites below.


※ The contents above contain information subject to change or yet to confirm under the contract. Also, It serves no purpose of recommending or attracting investment in Cosmochain project and is exclusively for sharing information. Accordingly, any results from making a decision based on the contents as a reference are the responsibility of the decision makers themselves. In other words, the Cosmochain Team holds no legal responsibility for any damages, losses or other results.

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Cosmochain is designing a blockchain-based beauty ecosystem that connects beauty industry players with customers willing to share their thoughts on cosmetics

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