Lambda256 x Shinhan Securities Initiate Proof-of-Concept to Promote STO Business


[Lambda256 x Shinhan Securities Initiate Proof-of-Concept to Promote STO Business]

Shinhan Securities announced on December 5th that together with blockchain solution company Lambda256, it will launch a Proof-of-Concept (PoC) to promote the security token (STO) platform business.

Through this platform business, Shinhan Securities plans to enable the tokenization of any underlying asset. Key plans include building blockchain infrastructure, designing digital wallets, issuing, subscribing, and distributing tokens, and linking them with existing financial systems, to internalize technology related to security tokens.

Security tokens refer to securities that are issued as tokens using blockchain technology. They lower the entry barrier for investors, by allowing them to divide ownership of diverse assets (fractional investments) such as real estate, art, and stocks. The advantages of this are a lower issuance cost than traditional securities and a lower risk than alternative digital assets that are based on real value.

Security token Proof-of-Concept is carried out by Shinhan Securities’ blockchain department and Dunamu’s blockchain-specialized subsidiary Lambda256. Lambda256 provides the blockchain platform Luniverse, complete with blockchain consulting for partnered companies, offering a total blockchain solution for diverse businesses that are making the transition into Web3.

Shinhan Securities plans to form a task force (TF) that will lead the development of a security token platform. Experts from diverse fields including product, deposits, payments, and legal affairs will use related systems and overseas case studies as a benchmark to design internal systems.

Furthermore, Shinhan Securities launched its blockchain division, a department dedicated to blockchain-related projects, in July 2022. Kim Jang-woo, head of the Digital Group at Shinhan Securities emphasized that: “We will continue to increase tests conducted with promising companies, to become leaders of new blockchain-based markets, such as security tokens.”

Source: CoinDesk Korea (

Service Checklist for Successful NFT Deployment


Entering the NFT Market

Non-Fungible Tokens (NFTs) are unique digital assets that contain identification codes and Metadata to distinguish them from each other. For this reason, it is possible to attribute ownership of an NFT to a specific individual or entity. Furthermore, an NFT can leverage its uniqueness to provide owners with verifiability and record loyalty to a creator or brand. These are just a few of the reasons why the NFT market has expanded rapidly over recent years. According to the NFT Market Tracker, NFT trading volume was the most active in September 2021. In September 2021 alone, 5 million NFTs were traded, amounting to around 4.5 billion dollars. The number of transactions grew 100,000 times in comparison to September 2017, increasing by more than 1 million transactions.


NFT, NFTs, NFT deployment, Blockchain

However in 2022, NFT market growth slowed down significantly as a direct result of the “Crypto Winter”. Nevertheless, many experts remain positive about the potential of the NFT industry. They believe that the industry will expand and develop in a way that is far less influenced by the volume of NFT transactions. In fact, despite the Crypto Winter, many global brands and companies are currently making preparations to enter the NFT market.

So what factors should companies be considering when looking to enter the constantly evolving NFT market?


NFT Deployment Framework: Proposed by Lambda256 

Lambda256 has guided numerous NFT success stories, and we believe that effective NFT deployment can be boiled down to three steps. The first step is to define the target NFT market. This is a process of identifying the industries to which a company belongs, and the relevant NFT markets for those fields. The second step is to mitigate risks by creating a pre-checklist for the NFT project. This checklist should be divided into business and technology aspects. Finally, the company needs to decide how they plan to use the blockchain. Let’s take a closer look at each step.

Step 1: Defining NFT Markets

NFT services can be largely divided into four categories: NFT Marketplaces, P2E NFTs, Intellectual Property sales, and authentication services. First, NFT Marketplaces are a type of intermediary service that allows NFT transactions to take place. The most representative examples include platforms such as Opensea or Solsea. Industries that are well-suited to this type of NFT service include retail and art companies: retail companies can consider NFT Marketplaces as an business expansion strategy, and art-related companies will find there is a wide network of people who can provide assistance in NFT publishing, making it easy for creators to sell their work on NFT marketplaces.

-Customers by Industry-




Art (eg. museums)














Real Estate

1. NFT Marketplace (eg. Opensea)

– (Definition) Art content distribution and sales service via NFTs

– (Benefit) Expanding business with NFT Retail

→ Additional revenue

2. P2E (eg. Axie Infinity)

– (Definition) Deploying  NFTs to issue and trade in-game items

– (Benefit) User acquisition, transaction fee revenue

3. Intellectual Property Sales (eg. NBA Top Shot)

– (Definition) Providing a service to users by publishing owned content as NFTs

– (Benefit) Customer loyalty, NFT sales revenue

4. Authentication Service (eg. Authenticity Guarantee)

– (Definition) Service that guarantees business-related certificates by issuing them as NFTs

– (Benefit) Provides reliability to users

 P2E (play-to-earn) NFTs allow users to create their own content and sell their own NFTs. Here, the NFT market can also help companies to sell game-issued items as NFTs, or content such as images created by users as NFTs. Compared to other industries, it is relatively easy for game companies to enter the NFT market, since NFTs can be smoothly incorporated into existing products such as in-game items or content generated for games.

Intellectual property sales refers to the services that create and deliver content owned by an enterprise into an NFT. Various types of content from across industries such as music and sports can be issued as NFTs and sold. In particular, companies that deal in industries with large numbers of fans can effectively leverage their fan base using NFTs, or use them for marketing and promotional purposes.

Finally there are authentication services, where NFTs are used as a guarantee of ownership for a particular entity. These can be useful when a company wants to guarantee authenticity of an item, or in industries such as real-estate, for dealing with registration guarantees.

Step 2: Pre-Checklist for NFT Deployment

If you have decided which NFT market you will target, it is important to create a pre-checklist to reduce any risk, and to make sure all aspects have been considered. This checklist can be divided into business and technology elements.

First of all, the most important factor to consider is exactly what kind of content will be published as NFTs. Then a company must explore all of the various legal issues that may be involved, and countermeasures for them, including potential issues regarding ownership transfer that occurs when NFTs are issued or traded. This also covers deciding the royalties to be paid to the original creator for each transaction. It is also worth noting that NFTs can be subject to financial regulation since they are tokens. Companies should also consider compliance issues that occur in the event of NFT transactions between countries, and pay careful attention to KYC & AML.


 [Business Aspects]

NFT Targets

Legal Issues

Author/Artist IP

Game items

Copyright transfer


Owned IP

Authentication certificate

Financial law



[Technology Aspects] 

Media Storage

User Device


Local DB





Supports Minting



Minting tool


Support for NFT Transactions

Payment systems

NFT wallets


In terms of technical aspects, a company must consider the NFT payment methods: will users be able to make purchases with digital assets or will traditional payment methods also be available? In addition, electronic wallets, bridges, and NFT minting tools should be understood as technical elements since they are based on blockchain technology. Finally, the way that NFT content is displayed will also affect how it is stored, as well as user device compatibility.


 Step 3: Build NFTs with Luniverse

Once you have established a pre-checklist, you will be ready to build your own NFT service. This means you will now have to consider which blockchain platform to use. Let us tell you why Luniverse is the best option for delivering NFT services. First of all, specialized technology called TX-Pipeline can handle large-scale NFT-generated transactions, so there is no risk of losing any transaction data. Thanks to this technology, our blockchain boasts excellent stability in terms of service delivery. We also provide minting tools to help you easily issue NFTs, even without knowledge of coding. Finally, Luniverse provides bridge technology that allows NFTs to be transferred across various blockchains and ecosystems.

Luniverse, Blockchain, Lambda256, TPX, API, DApp, NFT Minting

Luniverse NFT

As an all-encompassing NFT service platform, Luniverse is leading the ecosystem expansion and aiding in the popularization of blockchain – allowing anyone to easily carry out NFT projects by opening an accessible gateway to blockchain technology. Curious about Luniverse NFT? To set up at consultation, contact us at

Don’t forget to keep up to date with Luniverse and discuss the latest NFT news via the Luniverse Discord community!

Blockchain economy consulting for Enterprise to penetrate into the Web3 market

Introduction to Luniverse Chain Solutions & Blockchain Consulting


Lambda256 provides an eco-friendly blockchain service platform called ‘Luniverse’ based on the cloud. As a representative model of Enterprise Tech, which has taken the lead in expanding the base of blockchain technology and creating an ecosystem, we are introducing various services through continuous development updates.

Blockchain consulting supports the establishment of business processes and strategic initiatives, addressing and guiding verification issues arising from business decision-making. “We offer a development platform and a variety of support programs to help companies planning next-generation Web 3.0 services successfully launch blockchain solutions.”



Consulting provided by Lambda256 consists of a blockchain-based business model guide, business process development and technology utilization guide.

We provide all-encompassing guide to address the lack of understanding regarding complex markets, increased time costs, inability to validate technology, and the absence of a trusted partner.

Based on various success stories unique to Luniverse, you can experience differentiated blockchain solutions tailored to your company’s needs. We provide risk management advice necessary for project promotion, and you can experience rapid business realization and cost reduction through the project structure/process hment/technology utilization guide.

1)For Developer

We provide an environment and technical advice that allows you to focus on service development without the burden of implementing and operating blockchain-based services

2)For Enterprise

Easily deploy blockchain and provide Web3 business opportunities so that business decisions are not burdensome

3)For End-user

Blockchain-Savvy <->Induce active network participation to minimize gaps between companies



Join Us

If you have further questions on Luniverse Chain solutions and Blockchain consulting, please contact us via email

Dunamu and Lambda256 Partner to Launch Upbit NFT platform

Dunamu, the operator of Upbit, has launched “Upbit NFT” beta service. As a result, Dunamu owns the largest cryptocurrency and NFT exchange in Korea at this moment. It is significant that Dunamu started to cooperate with its subsidiary, Lambda256. 

Upbit announced on the 23rd of November that it has launched Upbit NFT beta. It offers two services – ‘Drops’ where users buy NFTs through English or Dutch auctions, and ‘Marketplace’ where users trade their NFTs. 

(Source=Upbit NFT official website)

On the date of the launch, the first piece of NFT art “Mirage Cat 3” by digital artist Jang Koal, was sold for more than 3.5 BTC or about $173,000. 

This notable launch of the Upbit NFT was achieved through Dunamu’s partnership with its subsidiary, Lambda256. Lambda 256 was separated from Dunamu in March 2019 and launched “Luniverse,” a Blockchain as a Service(BaaS), from May of the same year. However, for nearly three years since its establishment, it hasn’t worked in collaboration with Dunamu.

The partnership between the two companies began in June. Lambda 256 unveiled the NFT platform with NFT minting and trade functions. Upbit’s first NFT Airdrop event was proceeded with the announcement of the Luniverse NFT platform.


Earlier in February, Park Jae-hyun, CEO of Lambda 256, said on the interview with Paxnet News, “Blockchain is the best technology for tokenizing both tangible and intangible assets, such as stocks, bonds, and art pieces, so we plan to develop for the asset tokenization market as well.” Lambda256 has been preparing for the NFT minting/trade service since the beginning of the year.

Upbit held several rounds of NFT drops for its users earlier this year before the launch of Upbit NFT. It was a series of NFT collections in various industry verticals such as entertainment and sports, including Brave Girls, Mad Monster, South Korea’s table tennis legend, Jang Jae-ho, Olympic Heritage Digital Pin, Magumagu, Waste Tires, and Hanwha Eagles. All NFTs distributed by Dunamu to Upbit users were issued on the Luniverse chain. As a result, Lambda256 is expected to grow as Upbit NFT’s technology provider as Upbit NFT becomes the largest NFT exchange in South Korea.

The art pieces on Upbit NFT are currently only minted on Luniverse, and it does not support the withdrawals to Ethereum ERC-721 wallets unless it’s whitelisted separately.


Upbit team said, “At this moment, we only support the Luniverse protocol to provide NFT services, but we will also review and support other mainnet-based NFT protocols considering the wallet connection issues.”


(This article was originally appeared on Paxnet News