Layer-1 Blockchain:- South Korea is making significant strides in the development of Web3. The country’s recently elected President Lee Jae-myung has promised regulatory approvals for spot Crypto ETFs. The country has also decided to invest $884 billion into crypto assets.
Aligning with this trend, the Layer-1 blockchain MemeCore, has officially announced its strategic expansion into South Korea.
MemeCore is widely recognized as the flagship network of the “Meme 2.0” movement, which aims to “redefine memes not as one-time speculative assets, but as sustainable cultural assets.”
It is making this expansion through the acquisition of a KOSDAQ-listed technology firm – the name it hasn’t disclosed yet. With this, the Layer-1 blockchain is also in the pursuit of Virtual Asset Service Provider (VASP) registration in Korea.
If successful, this will make it the first meme-centric blockchain to secure a formal regulatory foothold in the country’s burgeoning Web3 ecosystem.
MemeCore Expands in Korea
Founded in early 2024, MemeCore distinguishes itself from its predecessors by implementing a novel Proof of Meme (PoM) consensus mechanism. It allows users to stake meme tokens from various chains in order to secure the network – earning dual rewards in native $M tokens and ERC-20 assets.
This unique approach, coupled with an aggressive grant strategy via its LIFT EcoFund, has fueled exponential growth in MemeCore’s developer community, dApp deployments, and decentralized governance initiatives.
The project last made headline for attending the private dinner hosted by U.S. President Donald Trump for becoming the second-largest holder of $TRUMP token.
Now, with South Korea firmly in its crosshairs, MemeCore aims to leverage its planned KOSDAQ acquisition to accelerate local development and compliance.
It also paves the way for MemeCore to obtain ISMS certification and apply for a VASP license under South Korea’s Blockchain Act.
As per the Press Release assessed by BrandTalk, layer-1 blockchain MemeCore aims to “develop community-powered dApps tailored for the Korean market” with its entry.
Is Korea Set for Becoming the Next Crypto Hub?
With its Korea expansion now underway, MemeCore is also planning simultaneous launches in Japan and Singapore in early 2026. These are the two other markets that have shown strong appetite for meme-token experimentation.
Korea, home to leading crypto exchanges such as Upbit and Bithumb has its own network of domestic Layer-1/Layer-2 projects. This includes names such as Klaytn (by Kakao) and Korecoin (by the Korea Internet & Security Agency).
The country accounts for roughly one-third of South Korea’s population holds cryptocurrency. Over 32 percent of the country’s population have accounts on major domestic exchanges.
Thus, as layer-1 blockchain like MemeCore expand into Korea with a pro-crypto President, South Korea may soon accelerate the adoption of web3 in its country.
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