The Carypto Foundation, which is pioneering an unprecedented business model of ‘drive to earn’ by linking NFT technology and real-world driving, recently signed a memorandum of understanding with the Indonesian National Police Agency, and said that it prepared the foundation to enter the Indonesian market, consisting of 280 million people. .
The DBF Foundation (hereinafter referred to as ‘Carypto’) selected four areas of cooperation with the Indonesian National Police Agency, and the contents are as follows:
- Cooperation on the operations of GPS networks to run the Carypto application in Indonesia
- Adding the Carypto application holder’s driving history into the Big Data set, and sharing that traffic information with the Indonesian National Police Agency.
- Distribution of profits from the Carypto app: A portion of the profits generated from minting car NFTs through the Carypto application in Indonesia will be donated to a fund for retired police officers, operated by the Indonesian National Police Agency.
- Priority to mint Carypto NFTs is provided to certain personnel designated by the Indonesian National Police Agency.
An official from the Carypto Foundation said, “we expect this to set good precedence of a foundational layer for the Carypto NFT platform and a mobility ecosystem at the national level.”