Web3 blockchain ultimately did not escape the 80/20 rule. Chaebols, politics, capital elites, Wall Street, etc., dominate the entire crypto market. So we can see that embracing elites has become the biggest trend this round!
Naver, the largest internet company in South Korea, is equivalent to Baidu + Tencent + Alibaba! Now venturing into the crypto space, it has completely monopolized the South Korean market.
I remember when Apple was procuring touch screens mainly from South Korea's Samsung and Japan's JDI. The email sent to me by Samsung's business representative used the suffix @naver.com, not Sumsung; I was also very curious, and later learned how powerful Naver is, just like Japan's Itochu in the trading field, although Itochu operates in commerce, it cannot be denied that they are both very strong.