Fun

PUBG Developer Krafton Partners With Solana Labs to Build Blockchain Games and Services

News Feed - 2022-03-26 04:03:48

PUBG Developer Krafton Partners With Solana Labs to Build Blockchain Games and Services


Krafton, the company behind the development of the blockbuster videogame PUBG, has announced a partnership with Solana Labs with the objective of building its blockchain game offering. The new business plan of the company includes the creation of token economies to power play-to-earn (P2E) experiences to build its own Web3 offerings. Krafton Chooses Solana to Build Its Web3 Games


Krafton, one of the biggest Korean game development companies, has proceeded with yet another stage in its recent pivot to blockchain gaming. The creators of the successful multiplayer game PUBG have announced a new partnership with Solana Labs, the developers and maintainers of the Solana blockchain, to power its own tailored Web3 experiences.


The deal between Krafton and Solana Labs involves a “long-term cooperative relationship for the development and operation of blockchain- and NFT-based games and services.” This means that the two companies have agreed to cooperate in the establishment of joint business opportunities and investments, and also in the development of the mentioned blockchain-based games.


The speed and the low fees that Solana offers to its users were big factors in its selection. On this, Hyungchul Park, lead of Web3 Roundtable at Krafton, stated:


As one of the best global high-performance blockchain with strength in high speed and low fees, Solana represents the best of the Web 3.0 ecosystem and its technologies. Through this cooperation, Krafton will acquire the insight needed to accelerate its investment in and output of blockchain-based experiences.


The move could potentially push other leading developers considering blockchain gaming to use Solana as their development chain, as more and more companies are integrating these new technologies in their business models. On this, Johnny Lee, head of Games Business Development at Solana Labs, declared:


We are seeing gamers increasingly seek out on-chain games and gaming companies who respond quickly to this demand will set themselves up well for ongoing success. Gaming Companies Going Blockchain


Krafton’s movement is part of its recent pivot to blockchain games, NFTs, and Web3. The company acquired equity in two non-fungible token (NFT) and digital IP protection companies, Seoul Auction Blue ($2.5 million) and Xbyblue ($4.1 million) in February. In addition to this, Krafton is also developing a joint metaverse platform with Naver Z, which has experience in building with 3D worlds and AI.


Other gaming companies are also pivoting to include blockchain and metaverse-based elements in their games, like Ubisoft and Square Enix. Tags in this story blockchain games, Cryptocurrency, Fees, Gaming, krafton, play to earn, Solana, solana labs, Tokens, Web3


What do you think about the partnership between Krafton and Solana Labs? Tell us in the comments section below. Sergio Goschenko


Sergio is a cryptocurrency journalist based in Venezuela. He describes himself as late to the game, entering the cryptosphere when the price rise happened during December 2017. Having a computer engineering background, living in Venezuela, and being impacted by the cryptocurrency boom at a social level, he offers a different point of view about crypto success and how it helps the unbanked and underserved. Luxury Italian Retailer Michele Franzese Moda Reveals Fashion Brand Accepts Crypto Payments NEWS | 3 hours ago Number of Addresses Holding BTC Taps 40 Million, Non-Zero Bitcoin Address Metric Grew 92% Since 2018 NEWS | 14 hours ago


Image Credits: Shutterstock, Pixabay, Wiki Commons Previous articleLuxury Italian Retailer Michele Franzese Moda Reveals Fashion Brand Accepts Crypto Payments Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments More Popular NewsIn Case You Missed ItChinese Authorities Arrest Alleged Masterminds Behind an Online Virtual Currency Pyramid Scheme


Authorities in China recently announced the arrest of ten suspects they say are behind an online pyramid platform that is thought to have stolen millions of dollars from unsuspecting users. The suspects are accused of using the promise of high ... read more.Kazakhstan Shuts Down Over 100 Crypto Mining Farms US Justice Department Returns Stolen Bitcoin to Victim of Government Imposter Scam Kenyans Lost $120 Million to Cryptocurrency Scams in the Past Financial Year — Government Official UAE Hospitality Brand Stella Stays Now Accepts Crypto

News Feed

Gate․io’s Ninth Anniversary: The Remarkable Crypto Ecological Landscape
Gate․io"s Ninth Anniversary: The Remarkable Crypto Ecological Landscape sponsored Gate.io is building on its success and evolving to become a remarkable crypto ecological landscap
Strike Arrives in Argentina With USDT Support, No Bitcoin Integration Yet
Strike Arrives in Argentina With USDT Support, No Bitcoin Integration Yet Strike, a bitcoin-based wallet and exchange service, has landed in Argentina, bringing USDT integration to
David Attlee20 minutes agoCrypto custody market reached $448 billion in 2022: ReportResearchers cite a rise of interest in crypto staking and nonfungible tokens as the major developments for the custody market.103 Total
Satoshi Nakamoto Dropped From the World’s 20th Richest Billionaire to the 79th in 8 Months
Satoshi Nakamoto Dropped From the World"s 20th Richest Billionaire to the 79th in 8 Months In mid-November 2021, Bitcoin’s inventor Satoshi Nakamoto was one of the wealthies
Reported First Real Estate Purchase Made With Bitcoin in Chile
Reported First Real Estate Purchase Made With Bitcoin in Chile Yuval Ben Haym, regional manager of Remax, a real estate firm that operates worldwide, has announced that the “
Savannah Fortis12 hours agoPrime Trust bankruptcy spotted by crypto community months aheadMonths before Prime Trust filed for Chapter 11 bankruptcy, online sleuths in the crypto community were on the case and continue to
SEC drops Ethereum investigation to avoid ‘embarrassing’ court case
Daniel Ramirez-Escudero36 minutes agoSEC drops Ethereum investigation to avoid ‘embarrassing’ court caseGary Gensler’s SEC has halted its investigation into whether Ether is a security. What could have motivated th
Jesse Coghlan3 hours agoSam Bankman-Fried seeks expert to counter testimony from DOJ witnessesFormer FTX CEO Sam Bankman-Fried intends to call on a financial expert to rebuff testimonies from Caroline Ellison, Gary Wang,
Bitcoin Price In Trouble? Bearish Divergence That Led To Market Crash Last Cycle Returns
Este artículo también está disponible en español. Crypto analyst Kevin Capitalhas suggested that the Bitcoin price may be in trouble. This follows his revelation that a b
Over 300 NFTs From Three Arrows Capital’s NFT Fund Moved by Liquidator to New Wallet
Over 300 NFTs From Three Arrows Capital’s NFT Fund Moved by Liquidator to New Wallet Hundreds of non-fungible tokens (NFTs) collected by Starry Night Capital have been transferre
Bitcoin Hashrate Hits New All-Time High — Can Price Reclaim $100,000?
Este artículo también está disponible en español. According to recent blockchain data, the Bitcoin hashrate has been on the rise as it touched a new all-time high on Frid
Binance Smart Chain Creates a $10 Million Bug Bounty Fund to Tighten Protocol Security
Binance Smart Chain Creates a $10 Million Bug Bounty Fund to Tighten Protocol Security The Binance Smart Chain has launched a $10 million bug bounty fund for pro