Seoul, South Korea, June 1, 2022 /PRNewswire/ — With the recent appointment of the new president, the buzz around digital assets in South Korea continued to grow. One of the digital assets reaching new heights is Nagaya (NGY), which reached a new milestone with the Grand Prix in the field of nickel industry (computing digital asset) at the 25th International Prize for Science and Jang Young-sil culture, which stood on April 22, 2022.

The Jang Young-sil International Science and Culture Awards Ceremony was established in March 1999 in honor of Jang Young-sil, one of the greatest inventors in South Korean history. This award was given to honor innovators whose product or process has made exceptional progress and delivered value to the general public.

This prize is eagerly awaited because of its importance for innovation and research in the country and in the presence of the Ministerial Council of South Koreaincluding former Prime Minister Dr. Lee Soo Sung. While past recipients include figures such as Dato Lee Yee Cheong of Malaysia and teacher Kang Sung Mo of South Korea.

Nickel is available only in a few countries and slowly becoming an essential resource in our lives. High barriers to entry into nickel mining have prevented many companies from exploiting them. However, Nagaya used the activities of Nickel Resource to support its hybrid digital asset concept. With this, Nagaya is leading the way to Industry 4.0.

The award was received by CBDO of Nagaya Technologies, Mr. Jung Heechul, on behalf of the CEO, Mr. Yorath Yohannes Tjandra who was unable to attend the event. “It was a great honor to receive this award, and it definitely represents an important milestone in Nagaya’s development going forward.”

Along with this award, Nagaya has also signed a Memorandum of Understanding with Sesung Co. Ltd, in which Nagaya (NGY) will be used as the official payment method in P4 Lala Squarea shopping center currently being built in the new administrative capital of South Korea, Sejong City. Nagaya also planned to roll out its new payment platform called “Nagaya Pay Partner”, whereby Nagaya (NGY) will be accepted as a payment method by participating merchants under the Korean Micro Enterprise Association.

“It’s a wonderful achievement, but we still have to work hard,said CEO Mr. Tjandra in an interview after the event. Nagaya is the first digital asset company to receive this award.


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