Key Takeaways

Why is South Korea the next AI/crypto opportunity? 

Cardano founder sees regulatory clarity and government support as key drivers for AI/crypto convergence. 

Will it benefit Cardano?

Most likely, if South Korea embraces Cardano’s privacy-focused Midnight. 

Charles Hoskinson, Ethereum’s [ETH] co-founder who later founded Cardano [ADA], is bullish on AI-blockchain convergence in Asia. Especially South Korea. 

In an exclusive interview with The Korea Herald, Hoskinson said that blockchain could improve Korea’s key sectors like manufacturing, supply chain, and electronics segments. 

“Several projects in Korea excite us greatly, and we see enormous potential for blockchain to intersect with them. There’s tremendous opportunity for blockchain and AI to work together for the benefit of the people.”

His positive outlook coincides with the South Korean government’s plans to create a $70 billion fund for AI investments.

Will Cardano profit from it?

According to Hoskinson, some of the Korean tech leaders, like Samsung, have pivoted to blockchain with crypto wallets on their Galaxy phones. And, the trend could grow across other sectors to drive transparency, efficiency, and innovation in the AI space. 

He went on to add that the ongoing regulatory clarity could fuel adoption in the broader Asian region. 

“Adoption has grown massively, and evolving regulation around taxes and digital assets is providing greater clarity and consumer protection.”

In South Korea, about 25% of adults own crypto, with a rising interest in stablecoins. In fact, the government has advanced key

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Author: Benjamin Njiri