Cosmochain
Jun 25 · 3 min read

FITSME service will kick into high gear on the Klaytn platform
A fashion partner secured, now aiming at women’s lifestyle platform

COSMEE, a blockchain-based beauty community service with a token reward model, will be serviced on Kakao’s blockchain platform “Klatyn” after integrating its key functions and services into FITSME, a custom beauty product recommendation service.

The blockchain-based beauty community platform project Cosmochain announced on the 25th that by this month it plans to end its COSMEE service, which it had operated since last August.

■ Blockchain-based beauty SNS COSMEE will be integrated into FITSME

COSMEE is well known for the first blockchain-based service introduced to the general public. If users share their beauty-related information, they get rewarded with cryptocurrency based on their contribution.

“FITSME service that was newly launched on June has ranked on the top 10 of the beauty category at Google Play Store. We are shutting down COSMEE because we will incorporate its key functions into FITSME,” said a Cosmochain official.

FITSME is a personalized beauty recommendation service, an upgraded version of COSMEE. Based on personal purchase and preference data, it recommends the best products to users.

Cosmochain provides a blockchain-based beauty service. Launching FITSME followed by COSMEE, it is securing user data related to beauty. It is also Klaytn’s partner in the beauty sector. Earlier this year, COSMEE was integrated into Samsung Galaxy S10, receiving attention within the industry.

■ “Aiming at women’s lifestyle platform” through the expansion into fashion beyond beauty

After Klaytn’s mainnet is launched on the 27th, it is expected that the FITSME service will kick into high gear as well. The COSMEE app that is integrated in Galaxy S10 will also be replaced by FITSME.

Moreover, Cosmochain is preparing to expand beyond the beauty sector into an integrated women’s lifestyle platform. For this, it also signed partnership with Mixxmix, which operates a Korean fashion brand, product manufacturing and e-commerce business. It is expanding its business beyond the beauty sector into the fashion sector.

According to the Cosmochain official, “Based on data from 50,000 users secured through the COSMEE service, we are working on a business plan to provide beauty data to leading cosmetics brands both in Korea and abroad.” He further added that “Cosmochain will expand its business into women’s lifestyle data platform by collecting purchase and preference data on not only beauty, but also plastic surgery, skin care and fashion.”

By Joon Huh (Financial News, jjoony@fnnews.com)

※This posting is an translated excerpt of the original article which can be viewed in the following link: http://www.fnnews.com/news/201906251715303758


About Cosmochain
Cosmochain is a blockchain project based on beauty data, founded in March of 2018. We aim to contribute to the development of beauty ecosystem by systematically managing data incurred within beauty industry, and data to those in demand through our platform,

Last August, Cosmochain launched “COSMEE” which is a blockchain-based beauty information sharing dApp. COSMEE successfully completed its 3-month beta service, recording 260,000 accumulated downloads and 70,000 accumulated contents during its beta service period.

On June 2019, Cosmochain launched its main service “FitsMe” based on the 1.5 million data points incurred through COSMEE. So far, FitsMe is performing well, ranking 6th within Beauty Category of Google Play Store, with an MAU of 20,000 people.


Cosmochain

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

Cosmochain

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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

Cosmochain

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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