270 Million Downloads Worldwide: 'Candy Camera' and 'Angola' Coin Issuance

[Asia Economy Reporter Jang Hyowon] The native national camera app ‘Candy Camera’ announced on the 6th that it will update with the issuance of ‘Angola’ coin and an NFT market. Candy Camera is a Korean global service app that has been downloaded 270 million times worldwide.

Through this, it plans to provide a reward-type camera app service that expands into a new NFT market that can directly offer benefits to users, avoiding business models that induce subscriptions or in-app purchases.

‘Candy Camera’ started its service in December 2013 and has gained popularity in global markets such as Korea, Brazil, Turkey, India, and Pakistan. Candy Camera is a purely domestic technology camera app that rapidly grew globally by offering real-time filters that require no post-editing, various stickers, and collage functions in the early mobile camera app market.

Recently, it has struggled in the East Asian region due to competition from Naver’s subsidiary ‘SNOW’ and China’s ByteDance-created ‘ULIKE,’ but through the development of the 4th generation camera app in this update, Candy Camera is expected to transform into a structure that benefits users with Angola coin through ‘AngPoint’ and an exchange office, rather than a subscription-based revenue model.

Kim Song-eun, CEO of Candy Camera, stated, “Through this update, Candy Camera will transform into a 4th generation global service, and by operating advertising and coin-related services on a global platform with 270 million downloads, we expect synergy to expand.”

This content was produced with the assistance of AI translation services.