South Korean Blockchain Innovator FOUR PILLARS Secures KRW 700 Million Investment
The South Korean blockchain startup FOUR PILLARS, focused on research, has secured an investment of KRW 700 million from Kakao Ventures, Hashed, and BASS Investment.
FOUR PILLARS assists companies aspiring to launch successful blockchain projects. Leveraging their experience in blockchain project collaboration and technical expertise, the company conducts research and offers customized solutions tailored to the specific needs of each enterprise. Beyond simply compiling information, they provide insights on blockchain technology, virtual assets, legal aspects, and market analysis, thus saving time and costs for firms considering an entry into the blockchain market.
Since its inception in 2023, FOUR PILLARS’ research page has quickly gained traction, attracting over 30,000 monthly visitors in just two months. They have also formed a content collaboration with Gentosha, a major Japanese publishing house, and have been publishing content tailored for the Japanese market. Their current partnerships include significant projects like Sei Network, which boasts a market capitalization of KRW 2 trillion, blockchain gaming platform Iskra, Line’s blockchain Finsia, and SKT’s Web3 wallet T Wallet.
In the rapidly evolving global blockchain market, research plays a crucial role, far exceeding that in traditional Web2 businesses. With vast amounts of information scattered around, companies often face practical difficulties in locating and applying this knowledge. This challenge is particularly pronounced for foreign firms aiming to penetrate the Korean market and for domestic companies planning overseas projects. FOUR PILLARS aims to bridge these gaps by connecting local and international companies and projects, striving to become a global research-based blockchain enterprise.
FOUR PILLARS is comprised of a team of protocol specialists, with alumni from Pennsylvania State University, KAIST, and Seoul National University at its core. The three co-founders, including CEO Kim Nam-woong, established the company in 2023, bringing with them substantial research experience from domestic blockchain enterprises and large corporations. The team, known for its exceptional grasp of the blockchain industry, has been recognized for its expertise even before this recent investment. They have also received notable research funding from the dYdX Foundation, a decentralized digital asset trading platform renowned for its rigorous evaluation standards.
With this new round of investment, FOUR PILLARS plans to expand its talent pool and accelerate product development. The company is also committed to continuously publishing high-quality research content. Their future plans include conducting real-world demonstrations of blockchain projects and facilitating the participation of various stakeholders in the blockchain ecosystem.
Jang Dong-wook, Director of Kakao Ventures, commented, “The key members of FOUR PILLARS, including CEO Kim Nam-woong, are among the few in the domestic crypto scene who can infuse their research with unique insights.” He added, “With their unmatched research capabilities as the foundation, we expect them to rapidly grow by transforming the needs of both domestic and international protocols and companies into tangible business outcomes.”
CEO Kim Nam-woong of FOUR PILLARS emphasized, “Our foremost task and objective is to foster a developer-friendly environment through our quality research and products derived from it.” He concluded, “By addressing the challenges faced by both users and developers, we aim to lower the barriers to entry into the blockchain sector and expand the overall market of Web3.”
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