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Korean gaming giant to launch play-to-earn games on Solana

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Krafton, the South Korean gaming giant founded by billionaire Chang Byung-gyu, has announced a partnership with Solana (SOL) to launch a range of play-to-earn-style games.

Korean gaming giant works with Solana

Thus, Krafton, which is famous for launching one of the most popular games in Asia, PlayerUnknown’s Battlegrounds (PUBG), highlighted that it will develop new activities for its games and, together with Solana, will work with NFTs.

Also according to the statement, the intention of the collaboration between the games company and Solana also aims to develop actions aimed at Web 3.0.

“As one of the best global high-performing blockchain companies with strength at high speeds and low fees, Solana represents the best of the Web 3.0 ecosystem and its technologies. Through this cooperation, KRAFTON will gain the insight needed to accelerate its investment and production of blockchain-based experiences.” said Hyungchul Park, Web 3.0 Roundtable Lead at KRAFTON

Thus, as announced by Krafton, the agreement reinforces the company’s commitment to accelerating new business opportunities in 2022.

Last month, the company announced that it will enter the web 3.0 and NFT businesses, and since then, in addition to Solana, the company has announced investments and collaborations with Seoul Auction Blue, XX Blue, and NAVER Z (Zepeto).

Thus, blockchain gaming has become one of the hottest trends in the industry in the past year. They accounted for nearly 50% of all usage in the blockchain industry last year and attracted $4 billion in investment over the same period, according to analytics platform DappRadar.

Thus, Krafton’s latest collaboration with Solana Labs comes as many of their competitors are vying for a slice of the lucrative blockchain gaming market.

Netmarble, the online gaming company founded by billionaire Bang Jun-hyuk, in January revealed plans to launch several blockchain-based, play-to-earn games.

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All content in this article is for informational purposes only and in no way serves as investment advice. Investing in cryptocurrencies, commodities and stocks is very risky and can lead to capital losses.

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