Chinese crypto media company TechFlow and blockchain and crypto industry leader DeSpread, a web3 consultant firm, have formed a strategic partnership. This partnership aims to grow the Chinese and Korean crypto markets simultaneously. The partnership aims to help overseas blockchain projects expand across Asia by bridging information gaps.
DeSpread Teams Up with TechFlow to Propel East Asian Crypto Market Growth
Blockchain and cryptocurrency laws, cultures, and languages vary by country and are always changing. Information is often scattered due to these differences. However, blockchain technology’s main goal is to enable cross-border system collaboration, so it’s crucial to reduce these differences and establish effective communication channels.
China has always dominated the crypto market. Over 40% of Bitcoin’s hashpower and many investments and new businesses have occurred there. However, in 2021, China banned all cryptocurrency businesses. This closed many mainland crypto businesses. Despite this setback, the fact that many people speak Chinese has helped the crypto market expand internationally, creating the “Greater Chinese Speaking Market.” This market includes Singapore, Hong Kong, Taiwan, and Malaysia, offering new growth opportunities. DeSpread will use TechFlow’s reach and expertise to improve East Asian collaboration through this partnership.
DeSpread’s Andy Park & TechFlow’s Zolo Xiong Optimistic About Chinese-Korean Crypto Partnership
DeSpread and TechFlow will collaborate on several projects to improve Chinese-Korean market communication and knowledge sharing. Localized research reports that meet regional needs and tastes are a priority. The partnership plans to share useful details in local languages to help stakeholders make better decisions.
DeSpread and TechFlow want to help Chinese and Korean crypto enthusiasts share market trends and insights. The two groups want to open up the ecosystem so everyone can share data and analysis. This sharing will close the information gap and encourage the two markets to collaborate.
DeSpread’s Chinese business head, Andy Park, was excited about the partnership and mentioned TechFlow’s reputation and power in the Chinese crypto community. He stressed the importance of working together to overcome problems and find new Chinese market opportunities.
TechFlow Partner Zolo Xiong also praised DeSpread’s expertise in South Korea and its importance to the crypto industry. His hope was that the partnership would benefit the Chinese and Korean crypto markets.
Finally, DeSpread and TechFlow’s strategic partnership will help the Chinese and Korean crypto markets collaborate and benefit. The two groups want to use their unique skills and resources to close the information gap, make knowledge sharing easier, and grow blockchain projects in East Asia.
