The digital art company 3space Art has acquired the business of Ground X, a blockchain company under Kakao

ChainCatcher news, the digital art company 3space Art announced the signing of a Memorandum of Understanding (MOU) to acquire the Klip Drops business from Kakao's blockchain company Ground X. Through this acquisition, 3space Art will leverage Klip Drops' technology and infrastructure to promote the development of the digital art industry. This move will also strengthen support for Korean artists and stimulate activity in the digital art market.

Klip Drops is a digital art sales and distribution platform established by Ground X in 2018, serving as a curated gallery that introduces artists from various fields such as painting, sculpture, and media art.