MemeCore, the first Layer 1 blockchain in the world designed specifically for the Meme 2.0 movement, has taken a big step in its growth into the South Korean market by formally announcing the start of its acquisition process for a firm listed on the KOSDAQ.
MemeCore aims to transform meme coins into lasting cultural and financial assets, positioning itself as a pioneer in the viral economy.
At the heart of this vision is its unique Proof of Meme (PoM) consensus mechanism, designed to enhance the on-chain value and interconnectivity of diverse community-driven meme coins. This innovation drives the emergence of a new era called Meme 2.0, redefining how meme assets create value and engagement.
MemeCore holds the second-largest $TRUMP stake
Recently, MemeCore gained international notoriety for being the second-largest owner of $TRUMP and attending a private dinner that U.S. President Donald Trump hosted.
MemeCore co-founder ICE was present at the invite-only event, which was only open to the top 25 holders of $TRUMP. This indicates that the project is becoming more and more well-known worldwide.
“By acquiring a KOSDAQ-listed company, we aim to establish a stronger foothold in South Korea — one of the most active markets in crypto trading — and further accelerate our expansion into the region,” said Jun, CEO of MemeCore.
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MemeCore’s KOSDAQ acquisition marks a key step in expanding into South Korea
MemeCore’s recent acquisition of a KOSDAQ-listed company marks a strategic milestone in its expansion into the South Korean market.
This move is aimed at securing the Information Security Management System (ISMS) certification and Virtual Asset Service Provider (VASP) registration, both crucial regulatory requirements for operating digital asset services in Korea.
Achieving these certifications will enable MemeCore to establish a compliant and trusted presence in the region.
Beyond regulatory compliance, the acquisition lays the foundation for developing a strong domestic decentralized application (dApp) ecosystem leveraging MemeCore’s native mainnet.
The acquired company is expected to pivot its business focus toward Web3 innovation and digital asset services, aligning closely with MemeCore’s growth objectives.
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MemeCore is negotiating with listed firms for more acquisitions
MemeCore is actively negotiating with other listed firms and conducting due diligence to pursue additional acquisitions in other regions.
Once the current acquisition is finalized, MemeCore plans to roll out MRC-20 token services and community-driven dApps specifically designed for Korean users.
This phased launch aims to foster greater adoption and engagement within Korea’s rapidly evolving blockchain and crypto landscape, positioning MemeCore as a key player in the country’s Web3 ecosystem.