STP, RAI Finance and Cobak have joined together to form the Korean Polkadot Alliance (KPA), a non-profit consortium of industry-leading projects and teams in Korea that are building on Polkadot. Top Asia cryptofunds including NGC Ventures and GBIC are also initial founding members.
The KPA’s mission is to facilitate and accelerate the development of the Polkadot ecosystem in Korea.KPA Major Intiatives:
· The first major initiative will be to bid for a parachain slot on Polkadot utilizing the DOT from each foundation of our initial founding members STP, RAI Finance, Cobak along with capital from founding backers NGC Ventures and GBIC.
· The KPA will also facilitate Parachain Lease Offerings (PLO) where DOT holders from the Korean community can stake DOT to receive native tokens from KPA member projects. (More info to come on the mechanics of the PLO)
· The KPA will also help members prepare for the parachain auction process which includes ecosystem strategy, technical advisory, governance, fundraising strategy and awareness with the ultimate goal of securing and operating a successful parachain on Polkadot.
· The KPA is dedicated to building a vibrant and open community in Korea centered around Polkadot. The KPA will organize talks, discussions, meetups and events focusing on the Polkadot ecosystem in Korea.
The KPA encourages any Korean projects, teams and developers that are building on Polkadot to join us on our mission. Existing projects and teams looking to tap into the Polkadot ecosystem in Korea are also welcome!
Source
It's great seeing projects unite to improve ecosystem for their respective countries.
