Gifto community,

It’s been a stellar week for Gifto as the team traveled to Korea and Taiwan for major product and partnership announcements at the Blockchain Open Forum (Korea) and Asian Blockchain Summit (Taiwan). We’d like to use this week’s post as an opportunity to summarize everything:

We announced the expanded Gifto 2.0 vision at two of Asia’s biggest blockchain events

At both the Blockchain Open Forum (Korea) and Asia Blockchain Summit (Taiwan) we announced an expanded Gifto vision in our keynote addresses to thousands of participants and viewers online.

Andy Tian, CEO of AIG, announces the Gifto 2.0 vision during the Asian Blockchain Summit

Our new vision for Gifto sees us becoming a token for entertainment with decentralized apps for content creators, gaming, charity, and commerce. We will continue to build the universal gifting protocol but will not limit Gifto just to the protocol; and are pursuing many opportunities that leverage the strength of the Gifto token community, Gifto wallet technology, and our experience in developing consumer entertainment and KOL products.

Gifto 2.0 see us partner with industry leaders in food & beverage, music, entertainment, and fashion.

To back up this new vision, we announced several major partnerships in Korea and Taiwan (more info on partners below) and demonstrated to the world Gifto being used in Uplive as well as our new engraving on the blockchain feature.

Virtual gifting in action.

At the conferences our “Gifto experience” booths were also a big hit, with hundreds of crypto-investors and industry thought leaders personally coming up to set up Gifto wallets and experience using Gifto in Uplive with streamers. In an industry that still relies on boring whitepapers and brochures to communicate lofty technical goals, people actually had fun at our booths while learning about Gifto.

Attendees engage with Gifto’s interactive booth at the Blockchain Open Forum in Korea.

A slate of new partnerships announced to drive Gifto usage in Korea and Taiwan

Supporting our new vision to drive Gifto mass adoption in entertainment, e-commerce and charity, here is a rundown of all the partnerships we announced in Korea and Taiwan:

Taiwan

Korea

Treasure Hunter — A Leading Online Star/Influencer Network in Korea

— A Leading Online Star/Influencer Network in Korea Child Fund -The Oldest (First-ever) Non-Profit Organization in Korea, supporting underprivileged Children around the World

Oh, and did we mention that our partnerships in Taiwan allow Gifto tokens to be used in exchange for goods and services? Millions of our partners’ loyal consumer base will be able to use Gifto to bring an entirely new dimension of engagement to their favorite brands. Customized virtual gifts can be created to facilitate transactions and increase brand awareness. Gifto is leading the charge in creating a crypto-currency that brings value to the consumer through usage and applicability.

Gifto CEO Andy Tian (left) announces partnership with Treasure Hunter, Korea’s largest multi-channel network.

Gifto aims to lead the industry in crypto-charity with it’s partnership with ChildFund Korea.

Released: Gifto.io now open to all for Gifto wallet and gifting!

Last week we opened up www.gifto.io so that anyone can register with a social media account, create a Gifto wallet, transfer GTO from an exchange, and begin using GTO in Uplive, on www.gifto.io for universal gifting, and in Giftomon. This is a huge milestone for us as we continue to pave the way for mainstream usage of Gifto. Now that anyone can easily access the wallet, we’ll be shifting our product focus to enabling in-wallet top-up for Gifto directly.

In testing: Opening the Gifto wallet for withdrawals

We have recently begun testing allowing users to withdraw funds from the Gifto wallet to any other on-chain Ethereum wallet address. Users may have noticed that we opened the last week, then paused it, and then re-opened it. The reason we paused withdrawals again is because gas fees on the Ethereum chain have been surging; we’re working on a solution to this as well. Anyone can create a Gifto wallet on www.gifto.io as well as in our Uplive livestreaming app.

In testing: Uplive Broadcasters can now receive 80% of Giftos sent to them

One of the primary reasons we created Gifto was to build a new, decentralized, global content ecosystem across dApps where content creators such as livestreamers and social media stars can directly monetize their audiences without paying exorbitant fees or relying on ads. Starting today, we’ve begun testing this kind of fee structure in our own livestreaming platform, Uplive. This has been a point of interest of the community for quite some time and we are happy to say we are making progress in exploring its viability in Uplive, and not just the Universal Gifting Protocol (the whitepaper vision).

Beta release: Engraving on the blockchain

At BOF we revealed that users can now engrave a message on the blockchain along with a Gifto gift sent on www.gifto.io. This beautiful expression of the Gifto spirit makes a Gifto gift truly last forever. Note that for a period when gas fees on Etherium surged we temporarily paused use of this, though it is now open for use again.

Thanks to YOU, the community

Thanks to the community for amazing support these past new weeks, from cheerleading our progress to ideas for better communications and marketing to product improvements. Moving forward, we will be moving on from our weekly update format to periodically sharing in-depth content on our Medium page. We look forward to sharing more details about the many initiatives in place in the following days and keeping up the amazing momentum we have towards being a truly mass-adoption crypto platform.

-Andy Tian & the Gifto Team