KONDOR

Name

KONDOR

Legal name

주식회사 콘돌

Website

https://kondor.co.kr

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

11–50 employees

Short description

KONDOR is a Seoul-based Web3.0 blockchain venture operating the KONET mainnet, KONPAY crypto payment platform, KONMARKET NFT marketplace, and ButterLand metaverse, serving crypto users, SMB merchants, tourism/hospitality businesses, and government partners across Korea and Southeast Asia.

Ownership category

akta.pro rank

Product category

Blockchain Payment Infrastructure

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Securities and Commodity Exchanges (523210)

SIC

Security & Commodity Brokers, Dealers, Exchanges & Services (6200)

akta.pro primary industry

Crypto Payments & Stablecoin Settlement Platforms (BPAMAFAL)

akta.pro secondary industries

Digital Asset/Crypto Trade Execution Platforms (FSAFANAO), Cross-Chain Wallet & Asset Routing Infrastructure (FSADACAJ)

Keywords

• Blockchain payment platform
• Digital asset exchange
• NFT marketplace
• Cryptocurrency wallet
• Metaverse commerce

Headquarters

HQ city

Seoul

HQ country

South Korea

HQ region

Asia

Offices3 records

Markets served

GTM type

B2B and B2C

Offering type

Software

Cost components

Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure

Revenue model

1. Transaction/Settlement Fees from KONPAY: KONPAY charges transaction fees on digital asset payments processed through its platform. The system reduces traditional payment intermediary costs and settlement cycles, with faster settlement enabled by blockchain technology.
2. KON Token Economics: KON token is used within the KONPAY network for payment purposes and serves as the native utility token of the KONET mainnet ecosystem.
3. NFT Marketplace Commission (KONMARKET): NFT minting, buying, selling, and trading fees collected through KONMARKET platform.
4. Exchange Listing and Trading Services (VEXK): Revenue from operating VEXK digital asset exchange targeting Southeast Asian markets, including trading fees and exchange services.
5. Enterprise Solutions and B2B Partnerships: Revenue from deploying KONPAY and blockchain payment solutions to enterprise clients including tourism platforms, hospitality businesses, and government tourism bodies.

Pricing tiers

Go-to-market motion3 records

Distribution channels7 records

Marketing channels7 records

Core offering

KONDOR operates an integrated Web3.0 blockchain ecosystem centered on KONPAY, a multi-digital-asset payment platform that enables on- and offline spending of Bitcoin, Ethereum, Tether, and KON via NFC, QR code, barcode, and a reloadable VISA/Mastercard-backed prepaid card. The ecosystem runs on KONDOR's proprietary KONET blockchain mainnet and is complemented by KONMARKET (NFT marketplace), VEXK (Southeast Asia-focused digital asset exchange), ONECHAIN (multi-exchange aggregator), KONIVERSE (unified Web3.0 benefits ecosystem), and the ButterLand metaverse platform.

Product overview

KONDOR operates as a blockchain venture company offering a multi-product Web 3.0 ecosystem. At its core are KONPAY, a multi-digital-asset blockchain payment platform, and KONET, the company's proprietary blockchain mainnet. These are complemented by KONMARKET (NFT marketplace), KONWallet (digital asset wallet), VEXK (Southeast Asia-focused exchange), ONECHAIN (multi-exchange access platform), and KON Card (prepaid card). All services are unified under the KONIVERSE ecosystem, which integrates the KONET mainnet infrastructure, KONPAY payments, NFT marketplace, and commerce solutions into a single Web 3.0 platform.

Differentiator

Problem solved

Functional benefit

Brands

• 콘페이 (KONPAY): Multi-digital asset blockchain payment platform enabling online/offline payments with Bitcoin, Ethereum, Tether, and KON token via NFC, QR code, and prepaid card
• 코넷 (KONET)
• 버터랜드 (ButterLand)
• VEXK
• ONECHAIN
• KONMARKET
• 콘니버스 (KONIVERSE)
• 콘페이 카드 (KONPAY Card)

Products and services

• KONPAY (콘페이) Multi-Digital-Asset Payment Platform A multi-digital-asset blockchain payment platform enabling cryptocurrency and digital asset payments (Bitcoin, Ethereum, Tether, KON token) online and offline via NFC, QR code, and barcode, powered by KONDOR's proprietary KONET blockchain mainnet. The platform supports P2P transfers, merchant payments, multi-digital-asset management, Mastercard global payments via the linked prepaid card, and ATM withdrawals.
• KONET (코넷) Blockchain Mainnet KONDOR's proprietary blockchain mainnet supporting approximately 80 DApps, NFT Staking & Earn, KIP-1559 fee-burning mechanism, PoSDAO decentralized governance, and AuRa-based block generation. The KON token is listed on Gate.io, Poloniex, Bybit, and GDAC and serves as the native utility token of the ecosystem.
• KONMARKET (콘마켓) NFT Marketplace An NFT marketplace built on KONDOR's proprietary KONET mainnet, enabling users to mint, buy, sell, and trade NFTs and digital content including artworks, animation IP, and collectibles. Features integrated copyright-IP development for K-content partners.
• VEXK Digital Asset Exchange A Southeast Asia-specialized global digital asset exchange, first and only in the Vietnamese market to offer full compatibility with Donghua Market, providing high accessibility and convenience for users via the subsidiary footprint in Vietnam.
• ONECHAIN Digital Asset Trading Platform A multi-functional global digital asset trading platform obtained through official broker accounts and sub-accounts from major global exchanges, enabling single-account access to digital asset exchanges worldwide and preventing the risk of losing or having multiple exchange accounts stolen.
• KONIVERSE (콘니버스) Web3.0 Ecosystem Web3.0 integrated ecosystem that unifies KONET mainnet, KONPAY payment platform, KONMARKET NFT marketplace, and KONStore online shopping under one platform, featuring PoSDAO decentralized governance and EIP-1559 fee-burning mechanics as an integrated online/offline benefits system.
• KONPAY VISA Prepaid Card (콘페이 카드) A reloadable prepaid card co-branded with VISA/Mastercard and linked to the KONPAY app that supports global payment acceptance at VISA merchant locations, QR/barcode-based offline payments, ATM cash withdrawals, and app-based digital asset management. Available in three tiers with varying issuance costs, benefits, and rewards; annual fees are refunded upon meeting minimum spending thresholds.
• ButterLand (버터랜드) Metaverse Platform A metaverse shopping platform enabling users to interact via avatars in virtual shopping spaces, chat with friends and family, attend virtual events and concerts, and access blockchain-based payment services within the metaverse environment, including virtual department store and merchant distribution hubs.

Quantifiable outcome

• Reduced payment settlement time (2x faster than traditional systems per KSNET+ collaboration)
• +2 more outcomes

Named customers8 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

AI capability2 records

Feature6 records

Partnerships

29 partnerships are on record, tiered core, major and minor.

• SatoshiAirlinecoreGTM or Marketing Partner · 25 September 2024Web3.0 multi-payment solution KONPAY partnered with SatoshiAirline (global F2E platform) to enable crypto payments for airline services.
• WKBK (완캐비캐)coreStrategic or Co-development Partner · 30 July 2024KONDOR subsidiary focused on Korea-Vietnam tourism marketing, NFT business, and cultural content. Manages OKX official marketing agency role. Led by CEO Yu Ji-jin.
• InnoLab AsiamajorStrategic or Co-development Partner · 19 July 2024Strategic MOU for blockchain and AI innovation. InnoLab Asia provides AI Transformation Advisory and Tech Services; both parties to collaborate through acceleration and market entry programs to integrate KONDOR's blockchain solutions into global platforms across Asia.
• Infinity Group (인피니티 그룹)majorStrategic or Co-development Partner · 4 July 2024MOU for Korea-Vietnam VIP tourism promotion and medical tourism activation. Witnessed by Vietnam PM Pham Minh Chinh and Korean government officials. KONDOR TECH and Infinity Group to facilitate VIP tourist and medical tourist attraction, remote medical consultation, and business partner connections between both countries.
• INNOFIN (이노핀)coreStrategic or Co-development Partner · 18 June 2024MOU for quant technology advisory using algorithms and deep learning, and business activation between both companies. Joint research on blockchain, AI-driven financial strategies, and new revenue models for 'Tech Financial Hub' vision.
• BAVIK (주한베트남경영협회)minorStrategic or Co-development Partner · 30 May 2024KONDOR attended the inauguration of BAVIK (Vietnam Business Association in Korea), a non-profit approved by Vietnam's Foreign Ministry to support Vietnamese companies in Korea and promote bilateral investment and trade cooperation.
• AlchemyLab (알케미랩)coreStrategic or Co-development Partner · 29 May 2024MOU for AI-powered robo-advisor and asset management innovation. KONDOR to introduce DI operations and AI Quant operations divisions; AlchemyLab provides machine learning, AI, and big data quant research advisory. Both to pursue global market synergies.
• Finschia Foundation (핀시아)minorStrategic or Co-development Partner · 4 September 2023KONDOR joined Finschia Foundation's ecosystem as a partner, expanding into global Web3 ecosystem integration with Klaytn-Finschia 'Project Dragon' integration.
• SuperNormal (슈퍼노멀)minorStrategic or Co-development Partner · 31 August 2023Premium art IP-focused NFT Consortium partnership. KONDOR and SuperNormal collaborating on premium art IP NFT ecosystem within KONMARKET.
• Bitronas (비트로나스)coreTechnology or Integration · 21 July 2023Partnership for VISA prepaid card issuance. Bitronas provided card infrastructure for KONPAY VISA card launch, enabling global payments and ATM withdrawals for KONPAY users.
• LINE NEXT (라인 넥스트)majorStrategic or Co-development Partner · 21 June 2023KONDOR signed on-boarding agreement for Alien-V NFT project on LINE NEXT's global NFT platform DOSI (460W+ membership users). KON ecosystem integrated with DOSI's platform for NFT minting, trading, and ecosystem expansion.
• 한국애니메이션예술인협회 (Korean Animation Artists Association)minorStrategic or Co-development Partner · 23 May 2023MOU with Korea's first animation association (est. 1971) for digital new business including NFT projects, KONMARKET NFT marketplace services, and copyright market innovation.
• VEXK / SERC CambodiacoreStrategic or Co-development Partner · 16 May 2023KONDOR and VEXK proposed establishing a trust company to Cambodia's Securities Exchange Regulator (SERC) and forming a blockchain fintech advisory committee with international experts. Goal of obtaining digital asset exchange license and trust company license in Cambodia.
• World K-Pop Center (월드케이팝센터)minorStrategic or Co-development Partner · 3 May 2023MOU for K-content blockchain technology support. Jointly developing new fan engagement methods connecting global K-pop fandom with KONDOR's blockchain ecosystem. KlikTheStar audition program combining KONDOR blockchain with K-pop platform.
• 초록뱀미디어 (Green Snake Media)majorStrategic or Co-development Partner · 28 April 2023MOU with Korea's leading K-content production company for NFT sales and distribution through WKBK. Plans for animation NFT K-content production using KONMARKET blockchain technology and copyright-based IP development.
• OKXmajorGTM or Marketing Partner · 16 March 2023KONDOR selected as OKX's official marketing agency. WKBK (완캐비캐) to manage the partnership. OKX serves 20M+ global customers and is among the world's top 2 exchanges alongside Binance.
• TMG GroupcoreStrategic or Co-development Partner · 10 March 2023KONDOR-led MOU between Vietnam National Tourism Administration in Korea and TMG Group for tourism cooperation, including tourism payment service development and operation.
• NAPASmajorStrategic or Co-development Partner · 2 March 2023KONDOR led MOU signing between Vietnam National Tourism Administration and NAPAS (Vietnam National Payment Switch) for cross-border payment infrastructure supporting tourism payments between Korea and Vietnam.
• Finger (핑거)majorStrategic or Co-development Partner · 24 February 2023MOU with KOSDAQ-listed fintech company Finger for Vietnam overseas business expansion. Jointly developing fintech service market opportunities in Vietnam, building various business models, and promoting overseas service activities.
• Kim Chung-gi Director (김청기 감독)majorStrategic or Co-development Partner · 7 February 2023Content partnership with Korean animation legend Kim Chung-gi (creator of Robot Taekwon V) for NFT projects. First project Alien-V launched on DOSI; second project Hyonyeo Simcheong (효녀심청) also on DOSI. Leverages 7080s nostalgia and animation IP for NFT ecosystem.
• DarwinKS (다윈KS)coreTechnology or Integration · 5 January 2023Blockchain fintech MOU. DarwinKS provides non-contact fintech technology including ID/passport forgery detection patents and crypto payment terminals. Both companies sharing blockchain tech infrastructure and expanding digital asset use cases.
• Paytech (베트남)coreTechnology or Integration · 5 April 2022MOU with Vietnam's payment company licensed by SBV (State Bank of Vietnam) for cross-border payment solution. KONPAY payment supported at Paytech merchant locations; point conversion and payment settlement between KONDOR and Paytech.
• Hwatay Korea (화타이코리아)minorStrategic or Co-development Partner · 15 March 2022MOU for metaverse platform collaboration. Electric vehicles, electronic products, and luxury goods distribution and expansion within ButterLand metaverse shopping mall.
• P&J Group (피앤제이그룹)minorStrategic or Co-development Partner · 16 February 2022Joint marketing MOU within ButterLand metaverse platform. Premium nut shake brand NutzShake to be featured in virtual department store within ButterLand.
• 한국문화산업진흥원 (Korea Cultural Industry Promotion Agency)minorStrategic or Co-development Partner · 9 February 2022MOU for metaverse culture promotion. Combining KONDOR's metaverse technology with the agency's cultural content to advance Korean culture globally through virtual reality.
• Hexlant (헥슬란트)coreTechnology or Integration · 10 December 2021Hexlant provided Octet API system and blockchain infrastructure for KONPAY mainnet. Octet offers node services to enterprise clients with HA configuration, load balancing, and crypto transfer finality guarantee.
• KSNET+ (케이에스넷플러스)coreTechnology or Integration · 14 October 2021MOU for digital asset payment system development. KSNET+ provides POS and online/offline payment and settlement system integration. Combined with KONDOR's blockchain tech to create KONPAY platform with lower fees and faster settlement.
• BraunF&C / Braun Donkas (브라운돈까스)minorStrategic or Co-development Partner · 14 September 2021Strategic business MOU for media content services, BCP blockchain payment system, and global joint marketing. PadaLive live commerce platform to feature Braun Donkas franchise.
• Selector Media (셀렉터미디어)minorStrategic or Co-development Partner · 16 June 2021Business partnership for blockchain technology introduction in e-commerce. Selector9.com auto platform to integrate BCP blockchain payment system and live commerce services.

Scale indicators7 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Crypto.com: Singapore-headquartered crypto exchange, payments and Visa card issuer that also operates an NFT platform and on/off-ramp — directly mirroring KONDOR's KONPAY (multi-asset payment + Visa/Mastercard card), VEXK-style exchange, and KONMARKET NFT marketplace, all unified under a single consumer app.
• BitPay: Pioneer merchant crypto-payment processor offering BTC/ETH/USDT acceptance, prepaid Visa card, and bill-pay APIs — comparable to KONDOR's KONPAY merchant acquiring (KSNET+ integration, NFC/QR/barcode) and Bitronas-issued prepaid card.
• Wirex: Multi-crypto payments platform with a co-branded Visa/Mastercard debit card enabling crypto spending at global merchants and ATM withdrawals — a tightly overlapping use case with KONDOR's KONPAY VISA Prepaid Card (Mastercard global support, ATM withdrawal, multi-digital-asset wallet).
• Binance Pay: Crypto-native peer-to-peer and merchant payment rail from the world's largest exchange, supporting BTC/ETH/USDT and Binance-ecosystem tokens — analogous to KONPAY's multi-asset NFC/QR/barcode crypto spending via the KON token economy.
• Coinbase Commerce: Merchant-side crypto-acceptance arm of Coinbase, integrated with Coinbase exchange, wallet, and NFT marketplace — covers the same merchant-acquiring + exchange + wallet + NFT surface area that KONDOR combines across KONPAY, KONET, VEXK and KONMARKET.

Broad incumbents

• Marqeta: Modern card-issuing platform whose API powers debit/prepaid programs for fintechs and crypto firms (including historic crypto-card issuers) — the underlying issuer-tech layer that KONDOR accesses via Bitronas for KONPAY VISA/Mastercard prepaid cards.

Emerging players

• MoonPay: Crypto on-ramp and payment infrastructure used by merchants and NFT platforms to enable card-to-crypto purchase of BTC/ETH and stablecoins — overlapping with KONDOR's prepaid card + NFT marketplace (KONMARKET) and exchange (VEXK/ONECHAIN) wallet/payment stack.
• OpenSea: Largest multi-chain NFT marketplace with mint/trade and creator-royalty infrastructure — the global reference point that any IP-focused NFT platform like KONMARKET (with Kim Chung-gi, LINE NEXT DOSI integrations) is benchmarked against.

Regional players

• Dunamu (Upbit): Operator of Korea's largest crypto exchange (Upbit) and the GiHada/Delta platforms — the dominant domestic peer KONDOR competes with for Korean retail trading volume that also flows into KON token liquidity on GDAC.
• Klaytn / Finschia Foundation: Korean Layer-1 blockchain ecosystem (now merged with LINE's Finschia) where KONDOR is an active ecosystem partner under 'Project Dragon'; comparable as an Asia-focused L1 with payment/messaging and DApp-marketplace ambitions that overlap KONET mainnet positioning.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/konpay_official
• YouTubeyoutube.com/channel/UCcqPZ86UWxWv9wA-uc_RQhA
• Facebookblog.naver.com/kondor_official
• LinkedInlinkedin.com/company/kondor
• Instagraminstagram.com/kondor__official

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries2 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about KONDOR