Chiliz Announces New Partnership for Crypto Wallet Launch

South Korean tech powerhouse Naver is introducing its first cryptocurrency wallet, Naver Pay Wallet, in collaboration with the blockchain platform Chiliz, which focuses on fan tokens.

Chiliz announced on August 29 that it will be the blockchain for this new wallet, which is set to be used by Naver’s 33 million users.

Naver, a leading search engine in South Korea and the most visited website there, aims to offer a unique wallet experience that combines blockchain technology with utility and loyalty features.

The wallet, managed by Naver Pay, is currently in its beta phase and is designed to be non-custodial, giving users control over their private keys.

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It supports both cryptocurrencies and NFTs. Future updates are expected to include integrations with decentralized apps, fan tokens, and merchant loyalty programs.

Naver’s move into crypto follows a similar shift by the messaging app Line, which Naver partly owns. Line is set to incorporate blockchain-based mini applications through the newly launched Kaia blockchain, resulting from a merger between Line’s Finschia and Kakao’s Klaytn blockchains.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.