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PUBG Developer Krafton Partners With Solana (SOL)

Krafton, developer of the favored videogame PUBG, stated it had signed a cope with Solana Labs to collectively develop blockchain and NFT-based video games and providers. The developer stated it meant to leverage its recreation constructing capabilities within the web3 area.

The transfer marks rising the rising reputation of blockchain and play-to-earn (P2E) video games, which has attracted curiosity from established builders within the crypto and videogame area.

Solana is the ninth-largest blockchain on the earth by market capital, at almost $30 billion. The blockchain permits builders to construct extremely scalable applications- a trait cited by Krafton as one of many motivators behind right this moment’s deal.

South Korea-based Krafton had shot to success in 2017 on its wildly widespread PUBG recreation, which is credited with popularizing the “battle royale” style. The sport is at the moment free to play, and options collectable cosmetics- a function that’s complementary to NFTs.

Krafton no stranger to web3

Krafton’s cope with Solana comes as an extension of the developer’s foray into web3 know-how. The developer had foreshadowed its transfer into web3 earlier this 12 months, and has since then invested in and collaborated with a number of corporations within the area.

In February, Krafton stated it had invested a mixed $6.6 million in South Korean NFT marketplaces Seoul Public sale Blue and XBYBLUE, and had additionally agreed to develop NFT tasks with the 2.

The corporate outlined plans to leverage NFT adoption in a deliberate massively multiplayer on-line role-playing recreation, together with the metaverse. It’s constructing this metaverse by way of a collaboration with NAVER, operator of the metaverse ZEPETO.

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P2E, Blockchain video games appeal to buyers

P2E video games, which primarily reward gamers with tokens, have been rising in reputation this 12 months, attracting main buyers.

Earlier this week, FTX, the world’s third-largest crypto alternate, acquired P2E developer Good Luck Video games to bolster its personal gaming choices. Good Luck Video games is comprised of a number of veteran builders, and is at the moment engaged on a card-based auto battler referred to as Storybook Brawl.

Established videogame builders together with Zynga and Ubisoft have additionally expressed curiosity in shifting into the area.

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