Krafton, the developer of the popular video game PUBG, announced that it has signed an agreement with Solana Labs to jointly develop blockchain and NFT-based games and services. The developer said it aims to leverage its game creation capabilities in the Web3 space. After the news, the altcoin price started to rise. For details cryptocoin.com keep reading.
Popular gaming company partnered with altcoin project Solana
The move marks the growing popularity of blockchain and play-to-earn (P2E) games, attracting developers established in the crypto and video game space. Solana is the ninth largest altcoin project in the world with a market capitalization of approximately $30 billion. Blockchain allows developers to build highly scalable applications. This feature was highlighted by Krafton as one of the motivations behind today’s deal. After the news was heard in the crypto market, the altcoin price started to attack.
Krafton’s deal with Solana comes as an extension of the developer’s investment in Web3 technology. The developer heralded its move to Web3 earlier this year and has since invested and collaborated with several companies in this space. In February, Krafton announced that it has invested a total of $6.6 million in South Korean NFT marketplace Seoul Auction Blue and XBYBLUE, and also agreed to develop NFT projects with the two.
The company outlined its plans to capitalize on NFT adoption in a planned multiplayer online role-playing game alongside the metaverse. It is building this metaverse base in collaboration with NAVER, the operator of the ZEPETO metaverse base.
P2E, Blockchain games attract investors
Essentially rewarding players with tokens, P2E games have grown in popularity this year, attracting large investors. Earlier this week, FTX, the world’s third-largest crypto exchange, acquired P2E developer Good Luck Games to support its own game offerings. Good Luck Games consists of several experienced developers and is currently working on a card-based auto-fighter called Storybook Brawl. Established video game developers, including Zynga and Ubisoft, have also expressed interest in moving into space.
Contact us to be instantly informed about the last minute developments. twitter‘in, Facebookin and InstagramFollow and Telegram and YouTube join our channel!
Disclaimer: The articles and articles on Kriptokoin.com do not constitute investment advice. Cryptokoin.com does not recommend buying or selling any cryptocurrencies or digital assets, nor is Kriptokoin.com an investment advisor. For this reason, Kriptokoin.com and the authors of the articles on the site cannot be held responsible for your investment decisions. Readers should do their own research before taking any action regarding the company, asset or service in this article.
Warning: Citing the news content of Kriptokoin.com and quoting by giving a link is subject to the permission of Kriptokoin.com. No content on the site can be copied, reproduced or published on any platform without permission. Legal action will be taken against those who use the code, design, text, graphics and all other content of Kriptokoin.com in violation of intellectual property law and relevant legislation.