The Web3-based creative IP project Gen Sol has been awarded the Excellence Prize (General Division) at the 4th ICT Business Model Idea Competition, a regional innovation contest hosted by the National IT Industry Promotion Agency of Korea.
The competition was held from May to September 2023 and brought together students, founders, and professionals from the Busan–Ulsan–Gyeongnam region to present innovative business models leveraging advanced digital technologies. Entries focused on applying AI and emerging ICT technologies—such as blockchain, data, IoT, and networking—to new business opportunities and social impact solutions.
Gen Sol participated in the competition with a Web3-focused concept and was recognized for its originality, technical vision, and applicability as a next-generation digital business model. As a result, the project received the Excellence Award in the General Division, along with a cash prize of KRW 2 million.
This recognition highlights Gen Sol’s early exploration of blockchain-based creative IP models and reflects growing interest in decentralized technologies as a foundation for future digital content and services.
For more information about the 4th ICT Business Model Idea Competition, please visit: https://www.baeulang.kr/bbs/board.php?bo_table=notice&wr_id=52&sfl=wr_subject&stx=ict&sop=and&page=2