• Disclosure
  • Privacy Policy
  • DMCA Policy
  • CCPA
  • Medical Disclaimer
Tuesday, March 28, 2023
Salt Lake City Metro News
  • Home
  • News
  • Business
  • Technology
    • Crytpocurrency
    • Gaming
    • Gadgets
  • Sports
  • Health
  • General
    • Business Services
  • Travel
  • Press Releases
  • Videos
No Result
View All Result
  • Home
  • News
  • Business
  • Technology
    • Crytpocurrency
    • Gaming
    • Gadgets
  • Sports
  • Health
  • General
    • Business Services
  • Travel
  • Press Releases
  • Videos
No Result
View All Result
No Result
View All Result
Home News Local News

PUBG Developer Krafton Partners With Solana Labs To Build Blockchain Games And Services – Bitcoin News

by NewsReporter
March 26, 2022
in Local News
Reading Time: 3 mins read
pubg-developer-krafton-partners-with-solana-labs-to-build-blockchain-games-and-services-–-bitcoin-news
Share on FacebookShare on Twitter

krafton

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.

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

sergio@bitcoin.com'

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.

latam

Luxury Italian Retailer Michele Franzese Moda Reveals Fashion Brand Accepts Crypto Payments

Image Credits: Shutterstock, Pixabay, Wiki Commons

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 More Here

Salt Lake City Metro News

© 2021 Salt Lake City Metro News

Navigate Site

  • Disclosure
  • Privacy Policy
  • DMCA Policy
  • CCPA
  • Medical Disclaimer

Follow Us

No Result
View All Result
  • Home
  • DMCA Policy
  • Medical Disclaimer
  • Privacy Policy
  • Disclosure
  • CCPA
  • Terms of Use

© 2021 Salt Lake City Metro News

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent.
Cookie SettingsAccept All
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT