{"id":44689,"date":"2021-10-18T18:01:55","date_gmt":"2021-10-18T11:01:55","guid":{"rendered":"http:\/\/www.thestorythailand.com\/?p=44689"},"modified":"2021-10-18T18:02:45","modified_gmt":"2021-10-18T11:02:45","slug":"kbtgskasikorn-x-launches-coral-an-nft-marketplace-platform-for-asian-artists-to-go-global","status":"publish","type":"post","link":"https:\/\/www.thestorythailand.com\/en\/kbtgskasikorn-x-launches-coral-an-nft-marketplace-platform-for-asian-artists-to-go-global\/","title":{"rendered":"KBTG&#8217;s KASIKORN X launches Coral- an NFT marketplace platform for Asian artists to go global"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">KBTG unveils KASIKORN X and its mission to innovate in the world of DeFi and beyond, while also debuting Coral \u2013 an NFT marketplace platform \u2013 a launching pad for Asian artists to go global \u00a0<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">KASIKORN Business-Technology Group (KBTG) has launched KASIKORN X, or KX, to serve as a new S-Curve factory producing startups for the decentralized finance world and beyond. In parallel, the company has debuted Coral \u2013 a non-fungible token (NFT) marketplace platform to support Thai and other Asian artists in making their artwork available for sale globally. The platform will go live by the end of this year. KBTG has also teamed with Siam Piwat Co., Ltd. in creating an NFT Innovation Digital Wall to unlock a new experience for audiences in closely admiring NFT artwork and collectibles.<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><a rel=\"noreferrer noopener\" href=\"https:\/\/www.thestorythailand.com\/en\/18\/10\/2021\/44619\/\" target=\"_blank\">Cargill Protein aims to drive plant-based protein business in Thailand<\/a><\/li><li><a rel=\"noreferrer noopener\" href=\"https:\/\/www.thestorythailand.com\/en\/18\/10\/2021\/44612\/\" target=\"_blank\">IKEA opens the Circular Shop and Recycling Centre at IKEA Bang Yai<\/a><\/li><\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Ruangroj Poonpol, Group Chairman &#8211; KBTG,<\/strong> revealed that to keep abreast of the evolving digital world, KBTG has established KASIKORN X, or KX \u2013 a new company within the group to pioneer S-curve businesses in the digital era. KX will act as an autonomous venture builder that will serve to produce new businesses\u00a0 in the decentralized finance (DeFi) world and beyond. DeFi is a decentralized finance system via blockchain that allows anybody to examine and conduct transactions without the need for intermediaries like a bank or financial institution. Thanks to this innovative technology, KX has envisaged massive opportunities in creating disruptive businesses in the realms of financial and non-financial services\u00a0 that are set to become increasingly popular.\u00a0<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cBuilding Trust in the Trustless World\u201d is KX\u2019s key mission. KX \u2013 led by Thanaarmates Arriyavet, Head of Venture Builder, KX \u2013 has been staunchly supported by both KASIKORNBANK (KBank) and KBTG to expand its presence within the Asian region. KX working processes involve incubating new ideas, scaling and then spinning off. That is to say, new companies will be launched once business directions and opportunities in the next era become clearer.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Thanaarmates Arriyavat,\u00a0Head of Venture Builder, KASIKORN X Co., Ltd.,<\/strong> said that KX\u2019s strengths include its high degree of flexibility in management and decision-making. Additionally, its business operations are independent of KBank and KBTG. KX\u2019s venture building has been designed to be akin to startup building. The team comprises entrepreneurs and builders or engineers. Both sides work together like business and technology startup co-founders, with the objectives of conducting studies and experiments, plus designing products for the real market at startup-like speed.\u00a0<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">KX has previously spun off a new company related to digital assets, called Kubix, which is engaged in the ICO portal business. Today, KX is launching its second business, Coral \u2013 an NFT marketplace platform which is tasked with creating limitless opportunities for artists and collectors. As Coral has been developed from a thorough understanding of the pain points of collectors, artists, and brand makers, it has a strong desire to support both Thai and Asian artists to be well-known globally.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">&nbsp;\u201cThe Coral platform will make publishing and selling NFTs easier like general online shopping,\u201d said Mr. Thanaarmates. \u201c What sets Coral apart from other NFT marketplaces is the fact that customers can purchase NFT artwork with fiat money like Thai Baht or US Dollars, while other platforms require customers&nbsp; to convert their fiat currencies to cryptocurrency before they can buy artwork, which is more inconvenient. Presently, there are nine Thai artists on the Coral platform, namely Pai Lactobacillus, Tikkywow, Songsin Tiewsomboon, Ekachai Milintapas, Puntita Meeboonsabai, Benzilla, Pomme Chan, IllustraTU, and Jiggy Bug. New artists and partners are always welcome to join the platform. For additional details, please visit <a href=\"https:\/\/coralworld.co\">https:\/\/coralworld.co<\/a>, which is scheduled to launch for collectors by the end of 2021.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">At this time, KX would like to introduce its first partner \u2013 Siam Piwat Co. Ltd., which will collaborate with KX to build an art, cultural and lifestyle center, and promote related activities via online and offline platforms for both Thai and foreign customers.&nbsp; &nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Mr. Axel Winter, Chief Digital Officer of Siam Piwat,<\/strong>&nbsp;said,&nbsp;\u201cWe are very pleased to be working with the world-class team of KASIKORN X (KX) and exchanging ideas with them, jointly exploring technology-driven business models for both online and offline worlds and co-creating communities to offer exciting new opportunities to consumers everywhere. We are excited to have an opportunity to support NFTs and co-found the Coral Platform, which will lead to new developments in art, culture, and lifestyle and deliver excellent experiences to local and international visitors. We support artists and all types of creative activities under the concepts of \u201cco-creation\u201d and \u201ccreating shared value.\u201d&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">&nbsp;\u201cThrough all these years, we have collaborated with local and internationally-renowned artists to make inspiring art and given opportunities for new generations of artists and students to use our venues to create works for their benefit. We are also hosting NFT Innovation Digital Walls in Siam Paragon and ICONSIAM, so that our visitors can experience and appreciate NFT art up close and personal. We believe that the partnership between KX and Siam Piwat will mark the first step in creating businesses and innovations that integrate the offline and online worlds through DeFi, which will open doors to countless opportunities for art making and provide limitless access to new products and services in the future.\u201d&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Mr. Ruangroj adds, \u201cThe collaboration between KX and Siam Piwat Co. Ltd. will serve as a monumental step in creating businesses and innovations that link the present-day society to the digital era. DeFi acts as a portal to limitless opportunities and paves the way towards offering new products, services and experiences to numerous Thais and foreigners in the near future. By combining KX\u2019s expertise in DeFi and innovations with Siam Piwat\u2019s prowess in arts, culture and lifestyle, plus its wealth of assets that can be accessed by consumers physically and digitally, this cooperative effort will help to trigger the creation of new opportunities and businesses on a regional scale.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>KASIKORN Business-Technology Group (KBTG)<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">At KBTG, we never cease to develop and innovate financial technologies on top of our \u201cCustomer First\u201d mindset. We are the driving force behind KBank\u2019s success as well as their navigator exploring the digital world beyond Thailand. Our wide-ranging online banking services are equipped with concrete infrastructure and strong barriers capable of guarding customers\u2019 valuable assets and data. Utilizing our expertise in FinTech business, combined with the new generation\u2019s outside-the-box thinking, KBTG aims to transform into the best tech organization of Southeast Asia.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>KX<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">KX is an autonomous venture builder in the areas of decentralized finance and beyond. The company focuses on creating new businesses that offer both financial and non-financial services. KX\u2019s main mission is \u201cBuilding Trust in the Trustless World\u201d. KX aims to operate independently, with support from KBank and KBTG at the regional level.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Coral<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Coral is an NFT Marketplace platform with a mission of creating limitless opportunities for artists and collectors alike. Coral will help to simplify NFT creation and trading, akin to other online shopping experiences where customers can make purchases with fiat currency.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>KBTG unveils KASIKORN X and its mission to innovate in the world of DeFi and beyond, while also debuting Coral \u2013 an NFT marketplace platform \u2013 a launching pad for Asian artists to go global  <\/p>\n","protected":false},"author":8,"featured_media":44690,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[118,122],"tags":[522,10232,10233],"class_list":["post-44689","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-story-special","category-technology-en","tag-kbtg-en","tag-coral-2","tag-kasikorn-x-2"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>KBTG&#039;s 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