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What are the advantages of Talken, Korea's NFT wallet?

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Why does the Talken wallet of Korean origin become a new player in the multi-chain NFT wallet market

Original title: "Cultural enrichment, Talken of Korean descent is stealing the multi-chain NFT wallet market"

Source: Talken Community

There is no doubt that this crypto summer belongs to NFT.

But while the platform for two of its infrastructure, NFT transactions, appears to be well established, Opensea is firmly in the lead. But from a user perspective, the wallet side of the race to store and display NFT has yet to emerge.

On this track, investment institutions led by BDC Labs are very optimistic about Talken from South Korea.

On the investment front, on May 15th of this year, Talken has raised millions of dollars in private funding from BDC Labs, Honest Ventures, Kryptos Research, Pharos Capital, Tachyon Partners, TRON Foundation and others.

So what is the difference between such a multi-chain NFT wallet and the current encrypted DeFi wallet?

As the mainstream multi-chain NFT wallet, Talken and DeFi encryption wallet differences and similarities

Talken Wallet is a mainstream multi-chain NFT wallet, which supports ETH, Ploygon, BSC, TRON, Klaytn, HECO, Optimism, xDAI and Avalanche, and plans to connect with more public chains.

Besides some basic functions, it also optimizes the collection, storage and creation of NFT. Users can not only store their purchased NFT collections in the wallet, but also create NFT directly in the wallet. With The Talken Wallet, users can easily transfer their PURCHASED and created NFT collections between different trading platforms such as Opensea and Rarible.

As a powerful entry into the wallet circuit, Talken will naturally be compared to the current mainstream DeFi wallet.

This product born in the soil of Korean culture, in order to adapt to the local usage habits of Korean users, uses a different registration method from the current mainstream DeFi encryption wallet. Users can sign up directly via Kakao, Apple and Facebook, in a form more similar to the Korean coin wallet.

In terms of DeFi, Talken and DeFi wallets are no different. But back to the NFT plate, the mainstream encryption DeFi wallet, NFT support and ecological assistance are very limited.

The browser version of Metamask, for example, the most widely used, does not yet support displaying NFT collections directly in a local account. To view them, users need to connect to a site dedicated to NFT (such as OpenSea).

For example, in the early days of banking, users had to go to the bank to see their balances. But who wants to run to the bank every time they check their balance?

Previously, thanks to DeFi Summer, most Chinese and Western tech teams were working on DeFi Wallet, and the results were very noticeable. But the NFT wave is so strong that the market gap on the wallet side has not been filled.

Although it was already late to miss the DeFi Summer Korean market, Talken's team wisely focused on the NFT market to fill the current market gap.

Therefore, Talken's emergence is not only the luck of market timing, but also the strength of the team itself.

Driven by a community of 3 million users, Talken's trend circle has blossomed into an ecosystem of cryptography

South Korea has always been in a leading position in Asian pop culture. After 2000, classic dramas such as "Love in Blue" and "Dae Jang Geum" pushed the Korean wave to a peak. In recent years, Korean wave culture has been gradually moving to the world, and in Ukraine, Korean wave culture has even been competing with Europe and the United States.

Such a Korean market, for the creation of multi-chain NFT wallet, do you have an advantage?

The advantage is certain, half of the Asian trend culture, it is bound to bring the most direct community ecological support.

In baymax's words, "South Koreans understand the trend of culture."

Talken's open NFT ecosystem in the wallet helps pop artists, artists, and influencers easily create, auction, store, and trade NFT. Handy tools make it very easy for creators to create NFT, put it up and auction it all together.

You know, just like adding a sentence with one button to a video of "We Media" can greatly improve the forwarding rate of attention. Simple operation can change user's clinch a deal behavior.

On the other hand, since Talken acquired CoinManager in 2019, the community has grown to 4.5 million users, supported by CoinManager's 3 million active forum users.

All these achievements of the community consensus, not only connected to the NFT fans of the encryption circle, but also connected to the fans of the NFT market as an independent of the encryption circle of the ecosystem, expand the increment to achieve internal circulation.

Making an ideal assumption, it would be much easier for Talken to invite popular stars such as G-Dragon and Kim Tae-hee to achieve a joint marketing with the project in the later stage, which would be much less difficult than projects in mainland China or Europe and America. The marketing effect is expected to be no less than that of NBA star Stephen Curry, who spent $180,000. Bored Ape NFT.

Talken's pace on the crypto side is also very tight. On the morning of September 1, TRON announced a strategic partnership with NFT Infrastructure Talken. According to relevant media materials, the two sides are expected to explore a special joint NFT with both commemorative value and circulation value for users of the TRON ecosystem, as well as additional benefits for holders. To promote Talken's partner ecosystem.

TRON's official Twitter account announced a strategic partnership with Talken

至此，Talken 已与 TRON Foundation、 TRON 生态 NFT 基金 APENFT 、NFT 社交平台 DeFine 等多家达成机构达成战略合作伙伴。

Talken Partner Ecology

Talken currently supports ETH, Ploygon, BSC, TRON, Klaytn, HECO, Optimism, xDAI and Avalanche, and plans to support more public chains over time.

The Avalanche Avalanche agreement Talken recently backed is also stealing the show in DeFi, with token prices up 6 times in the last month and lockups at record highs.

Talken also announced the launch of Synthetix mobile app in wallet on February 27. Talken Wallet integrates with the Synthetix application, allowing users to experience Synthetix synthetic asset issuance products and their collateral capabilities easily and securely in the wallet. Keep in mind that Synthetix ranks 12th in lock-up volume among all DeFi agreements on the market, with TVL of $1.8 billion.

What is Talken's white box encryption algorithm

As the root of wallet, security is certainly the first consideration of users. According to public documents developed by Talken, the wallet also features key security improvements, referencing white-box encryption algorithms that mix the user's mobile device code with his private key.

White box encryption is completely contrary to the traditional security model. In the previous implementation process, the attacker only obtains a black box. That is, the attacker cannot see the internal operation when the plaintext or ciphertext and encryption algorithm are exposed under attack.

But in a white-box environment, which is completely visible, white-box cryptography can prevent the key from being reproduced during the running of software protecting the encryption algorithm, even if the attacker has full control of the machine on which the encryption is being performed.

The implementation logic is actually quite simple. For example, suppose we want to factor a large 1024 bit number, but that's always a problem mathematically. Conversely, you can easily get a factorable large number by multiplying two sufficiently large numbers.

At the same time, this particular approach is particularly effective when the information transport channel is protected by a hardware device, such as a hardware protection token. Hackers would not be able to extract the key to the secure channel, so they could neither decrypt the data flowing through the transport channel nor inject it into it.

Talken uses such a white box encryption algorithm.

White box encryption algorithm schematic

How will Talken's first step in business blue Ocean perform

On the afternoon of September 3rd, Huobi launched TALK on its global website, which was obviously a scramble for money. Ten minutes after the session, the highest increase reached 16000%.

From a marketing perspective, On August 31, Huobi launched talk-Talken (Primepool new currency airdrop), and enabled lock-in to earn coins. A total of 5.94 million tokens were released in two rounds of airdrops. From the perspective of marketing publicity, the overall pace is very fast, we can feel that there is a professional marketing team behind. The subsequent joint cooperation with Korean stars is also worth looking forward to.

From a community perspective, Talken's 3 million active users are a great way to expand into global markets.

Finally, in terms of product and marketing, Talken's position in South Korea is no less than that of several leading products in China or the West. Although Metamask has not yet issued the market value is not yet known, at present several domestic wallet giants have issued coins, if the domestic benchmark, TP wallet'S TPT market value of $200 million, Wheat wallet Math market value of $190 million, IMToken wallet's Lon market value of $64 million. Add to that the bullish mood.

Users should expect Talk to perform well when it launches.