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South Korea-Based DSRV Joins Forces With TZ APAC To Become A Tezos Baker

TZ APAC And DSRV

 TZ APAC, one of the leading Asia adoption entities supporting the Tezos ecosystem, has announced that South Korean DSRV has come on board the Tezos blockchain as a baker. By officially becoming a baker, DSRV will now validate transactions (blocks) and add them into the Tezos ecosystem.

DSRV is a validator and infrastructure provider with a deep understanding of blockchain, providing infrastructure for early blockchain networks into the sustainable Proof-of-Stake consensus, requiring 2 million times less energy than the Proof-of-Work mechanism.

As a Korean blockchain entity, DSRV has received a seed investment from Naver D2SF in 2020 and attracted Series A investment from KB Investment and Samsung NEXT in May this year.

DSRV is on the technical advisory board of and node operator for Terra, Celo, CODA, NEAR, Flow, and Polkadot. It was also appointed as the DAO validator of the LIDO protocol, a representative project of Ethereum 2.0.

“DSRV wants to become a partner that considers the overall expansion of the blockchain industry ecosystem together with partners and clients who share a vision. We will contribute to making the Tezos ecosystem healthy and constant,” said Ji Yoon Kim, CEO of DSRV. 

The Tezos blockchain operates on the consensus algorithm based on a Liquid Proof-of-Stake mechanism (LPoS). Block creators, called “bakers” on Tezos, are responsible for validating transactions, securing the network, and voting on key network upgrades. 

“We are extremely excited about this partnership with DSRV and advancing the sustainability agenda in Southeast Asia. Asia as a whole is a fertile ground for blockchain innovation, and one of the key driving factors for TZ APAC is to uplift early blockchain adopters in the region,” said Julian Low, Director of Business Development, South East Asia, TZ APAC.

As DSRV begins the official operation of the baking node, Tezos plans to accelerate cooperation in sustainable technology development in Korea and the rest of Asia Pacific. DSRV provides a domestic network for collaboration to develop the Tezos protocol and will continue to cooperate with Tezos when developing blockchain infrastructure services in the future.

Tezos has over 400 validators around the world including internationally recognized enterprises as corporate bakers, such as Coinbase, Ledger, Ubisoft, Exaion, and more. Tezos also has a growing DeFi ecosystem with ERC-20 bridges for low-gas cross-chain utility, yield farming protocols, and surging AMM platforms. 

Game developers, music labels, sporting franchises, central banks, and more are all building on Tezos. Other mainstream entities currently engaging with Tezos for blockchain-based activities include China-based BSN, ERX, Sygnum Bank, and more.TZ APAC aims to empower enterprises and individuals to harness the power of the Tezos blockchain by providing capital deployment, resource development, strategic advisory, project management, as well as marketing and strategic communications services in the region.