NEOPIN, a global CeDeFi platform, has signed a Memorandum of Understanding (MOU) with travel platform Tripbtoz to develop a Web 3.0-based travel platform. Tripbtoz is a travel platform based on user-created short-form video content, which offers a community for sharing travel videos and a reward system called “trip cash”. NEOPIN and Tripbtoz, who met as officials of the business delegation that accompanied the Korean government’s economic summit with the United Arab Emirates (UAE) in January, have decided to collaborate on a Web 3.0 project based in the Middle East.
READ ALSO:
Qatar University and Microsoft Qatar partner to transform education through technology
PhonePe launches Pincode app for hyperlocal commerce on Indian government’s open network
Republic Crypto Expands to UAE with Partnership with Ghaf Labs to Accelerate Web 3 Startups
NEOPIN will help translate Tripbtoz’s existing travel platform into a Web 3.0 version that will showcase the “Travel Web3.0” ecosystem for young travelers to communicate. This MOU marks the first incubation project in which NEOPIN supports the web3 transition of a web2 tech company. NEOPIN intends to maximize its resources to support the global success of Tripbtoz through this collaboration, which is the first use case of applying Web3.0 to the natural economy.
Jake Kim, the CEO of NEOPIN, stated that as NEOPIN participates in the incubation and supports Tripbtoz’s Web3.0 translation, the company aims to turn the service into a successful Web3.0 travel platform by leveraging both companies’ experience in blockchain and the travel industry.
