South Korea Blocks 27 Crypto Exchange Websites in Regulatory Crackdown 
Binance to Shut Down Crypto Mining Pool Services on November 10 
European Auto Stocks Rise as EU-China Trade Deal Targets Hybrid Imports 
Trump Calls for Zelenskyy Replacement Amid Russian Diesel Deal 
IMF, World Bank Meetings Face Global Economic Risks Amid Iran War 
Nvidia’s China AI Chip Market Share Falls to 34% as Huawei Gains Ground 
NEAR Price Surges 11% as Trading Volume Doubles 
TSMC Profit Set to Surge 65% as AI Chip Demand Drives Record Earnings 
Bumble Shares Surge 50% on $1 Billion Buyout Talks 
Oil Prices Fall as Russia Signals Higher Diesel Exports 
Hong Kong’s Second Solana ETF Launches With Lower Fees 
Canton Network Expands in South Korea With Major Partnerships 
Airbus Tests Valkyrie Combat Drone in Europe for Eurofighter Integration 
US Dollar Rises for Fourth Week as Fed Rate Hike Bets Grow 
RBA Signals More Rate Hikes as Inflation Risks Rise 
Orsted to Take Full Ownership of UK Offshore Wind Farm for £15 Million 
Add as a preferred source on Google
CU Store is building an e-commerce platform on the metaverse and this was revealed last week. The South Korean convenience store chain will set up its virtual stores on Jeff World, a community-type metaverse platform.
It said late last week that through its digital stores, it would launch a meta-commerce service where various online business activities would take place. This project is being carried out in collaboration with Jeff, an affiliate of Danal Co. Ltd. payment service firm based in Korea.
As per The Korea Economic Daily, Jeff World will be available to users early next year. CU is planning to make an ecosystem that links everyday consumer experiences with virtual reality through its metaverse stores.
The company said it would set up more than 30 CU stores on Jeff World and make use of digital assets to trade items bought online for physical versions offline. Aside from non-fungible tokens or NFTs, various CU intellectual property rights will also be launched. The brand will also create a dedicated community for the owners of digital assets.
Moreover, CU will offer delivery service and online shopping where customers can receive the items they ordered on Jeff World through their avatars. Later, they can have these purchased items delivered to their homes in the real world.
It was noted that the company has been working with different metaverse platforms to open its own virtual reality stores. BGF Retail which owns the CU store chain, will open the virtual stores so people can engage in shopping and enjoy leisure activities in the virtual space, Aju Business Daily reported.
"Consumers can receive items purchased through Jeff World through delivery or by visiting nearby offline stores," Kim Seong Mo, spokesperson of BGF Retail, told the publication last week.
To make the activities possible in the virtual space or metaverse, BGF Retail has already tried hard to use different platforms. Currently, it is said to be operating an online convenience store on ZEPETO, which is a popular mobile metaverse app. The app is also used to invite customers to visit the virtual version of a CU store in a riverside park in Seoul.
