What is Talken?

Talken is a decentralized NFT multi-chain wallet supporting 13 public chains, including BTC, ETH, Solana, Polygon, and Avalanche. It offers NFT wallet services, airdrops, markets, and various NFT tools, making NFT operations more user-friendly.

K-Pop stars, artists, and social influencers (KOLs) can easily issue, collect, and trade NFTs on Talken. Its mission is to provide the most convenient one-stop NFT service, enabling anyone to access and trade NFTs safely and easily without specialized crypto knowledge.

Project Background

Talken is South Korea’s first NFT multi-chain wallet. It incorporated Kakao Talk into the registration process to appeal to Korean users, gaining significant popularity and building a strong user base and community influence. The core team consists of successful crypto entrepreneurs and experienced developers with over a decade of experience in traditional financial infrastructure. They have previously worked on Korea’s first investment portfolio management service, Coinmanager, and Clay.

CEO: Daniel Jee, co-founder of Clayone (Coinmanager) and Blockchain for Good Society (B4GS) Chief Business Officer: KIM, KYUNGMIN, former department head at NexG Technology Research Institute, strategic planning manager at Hansol NexG CTO: KIM, BONGKYU, former development lead at Memebox, and team member for trading systems at Woori Investment & Securities and KB Investment & Securities CSO: KIM, DONGMIN, former game planner at NHN Entertainment, and platform system planner at Naver.

After acquiring CoinManager in 2019, Talken has amassed over one million users. In May 2021, it completed a multi-million dollar private funding round, valuing the company at $80 million. Investors included BDC Labs, Honest Ventures, Kryptos Research, Pharos Capital, Tachyon Partners, and Alphabit.

Core Features of Talken

Talken offers four main services: Wallet, Market, Studio, and Drops. Future releases will include more core sections, such as the Talken Governance Community and Talken DAO.

Source: talken.io/

Highly Interoperable NFT Wallet

The Talken Wallet is a versatile multi-chain NFT wallet that supports 13 blockchain magnets, such as Ethereum, Klaytn, Polygon, and Solana. It allows users to easily store and manage TALK tokens for governance and utility. The wallet includes a multi-chain Web3 browser that supports 8 blockchain magnets, including Ethereum, BNB, Polygon, and Solana, enabling direct use of Web3 services from these blockchains as assets within the Talken Wallet.

Multi-Chain NFT Marketplace

The Talken NFT Marketplace allows users to purchase the latest collections using cryptocurrencies and in-app payments from NFT creators. This feature makes it accessible even for beginners without cryptocurrencies, who can buy NFTs with credit cards, bank accounts, or simple payment methods registered with Google and Apple. Users can trade NFTs with each other using fixed prices or auctions, providing flexibility in NFT transactions.

Talken Studio

Talken Studio is a robust NFT minting tool designed for easy use, even for those new to blockchain technology. Users can upload digital content with a single click and create standard-compliant NFTs, supporting Ethereum, Solana, Klaytn mainnets, and ERC721 and ERC1155 standards. This tool allows artists, influencers, brands, and individuals to publish their digital art as NFTs and pay minting fees using TALK tokens.

Talken Drops

Talken Drops is an NFT Launchpad where users can easily purchase the latest collections using cryptocurrencies or in-app payments from NFT creators. Users can collect their favorite NFT collections using TALK tokens in Talken Drops. The transaction process is smooth and straightforward, with support for purchasing NFTs using credit cards, bank accounts, simple payment methods registered with Google and Apple, and cryptocurrencies.

$TALK Token Economic Model

$TALK is the native token of the Talken wallet and plays a crucial role in the ecosystem, functioning for governance and utility purposes. $TALK can be used across all current and future services Talken provides. As a multi-chain token, TALK is available on cross-chain bridges for Ethereum and Klaytn Chain, and there are currently over 5,000 holders of the token.

Source: talken.io/

Primary Uses of $TALK

• Paying fees for NFT transactions and minting within the Talken ecosystem
• Collecting preferred NFT collections in Talken Drops
• Participating in NFT pricing and auction transactions
• Engaging in governance voting to influence the direction of Talken services

Token Distribution

• Total supply of TALK tokens: 500,000,000
• Allocation details:
  • 24% for private sales (released linearly over 12 months)
  • 20% for the team (locked for 12 months, then released linearly over 24 months)
  • 20% for community development marketing plans (released linearly over 36 months)
  • 20% for the partner fund to support project development and growth (released linearly over 24 months)
  • 15% for DAO contributors (locked for 12 months, then released linearly over 24 months)
  • 1% for public sales (fully unlocked)

Source: talken.io/

Talken Reward Points

Users can earn rewards by trading NFTs in the Talken marketplace or inviting friends. These points can be converted to Wormhole TALK on the “Rewards” page based on Klaytn. The referral program is ongoing, and inviters will receive 0.5% of the sales amount in TALK, recorded as reward points.

Future Plans

In the first half of this year, Talken successfully introduced several new features, including the Talken reward points system, the Wormhole-based Talken Bridge, and the Talken Faucet service. In the second half, major releases are expected, such as the web-based Talken Wallet, Talken Governance community, and Talken DAO.

Talken will further integrate with non-EVM mainnets like Tron and Flow and will implement on-chain governance. Talken will also continue to expand its partnerships with various NFT creators to ensure high-quality NFT content and grow its user base.

Conclusion

The NFT market is still in its early stages, presenting high barriers for new users who need to understand blockchain, wallets, and virtual assets. Talken aims to continuously provide more convenient, user-friendly, and advanced NFT services. As South Korea’s first NFT multi-chain wallet, Talken has partnered with renowned NFT protocols like NFT Hero, NBA TopShot, and Rarible, which helps attract more NFT enthusiasts to its ecosystem. With a seasoned professional team at the helm, Talken is poised to achieve even greater milestones in the future.