- PUBG game creator is set to create games on the Solana blockchain.
- Krafton and Solana Labs will develop NFT games and make investments together.
- Other formidable traditional game developers are investing into crypto space.
Krafton, the creator of the massive franchise video game PUBG, signed an agreement with Solana Labs to mutually develop blockchain and NFT-based games to run on the Solana system. The developer said they are to hold their game-building experience in the web3 space.
The success of blockchain and play-to-earn (P2E) games has sparked interest from well-known developers to make a move in the crypto space.
Solana is the ninth-largest blockchain in the world by market capital (about $30 billion). It permits developers to build highly adaptable applications, an attribute in which Krafton proceeded with today’s deal.
Meanwhile, Krafton is the company behind PUBG:Underground (PlayerUnknown’s Battleground). This is a popular battle royale franchise that has registered more than one billion downloads for android and mobile iOS, and 75 million downloads for its PC and related consoles. The free-to-play multiplayer game has its featured collectible items, an element that is aligned to NFTs.
Krafton’s agreement with Solana comes as a part of the developer’s interest in web3 technology. Earlier, Krafton moved into web3. Many anticipated this move as Krafton has been investing in and associating with several firms in the space.
In February, Krafton reportedly invested a total of $6.6 million in South Korean NFT marketplaces Seoul Auction Blue and XBYBLUE, along with the agreement to work and develop NFT-related projects.
Meanwhile, Krafton disclosed a deal with NAVER Z to develop an NFT and metaverse platform. NAVER Z is the firm that operates ZEPETO, a virtual world where users can interact with others on their own 3D avatars using AR technology that gathered more than 290 million users worldwide.
This year, major investors are keeping an eye on this growing popularity of P2E games. These award players with tokens by simply playing the game at the cost of minting or buying an NFT. Other established game developers like Zynga and Ubisoft are also moving into the space. At this moment, Ethereum-based Axie Infinity is the most successful crypto game. Specifically, it has more than $4 billion of NFT trading volume.
Recommended News :
Crypto News Land (cryptonewsland.com), also abbreviated as “CNL”, is an independent media entity — we are not affiliated with any company in the blockchain and cryptocurrency industry. We aim to provide fresh and relevant content that will help build up the crypto space since we believe in its potential to impact the world for the better. All of our news sources are credible and accurate as we know it, although we do not make any warranty as to the validity of their statements as well as their motive behind it. While we make sure to double-check the veracity of information from our sources, we do not make any assurances as to the timeliness and completeness of any information in our website as provided by our sources. Moreover, we disclaim any information on our website as investment or financial advice. We encourage all visitors to do your own research and consult with an expert in the relevant subject before making any investment or trading decision.