Krafton and Solana Labs will work together to develop and sell games. The Studio Behind Smash Hit PUBG Series Will Make Solana NFT Games
The PUBG war royale series has more than a billion downloads. Across all platforms, and now its publisher is building in Solana.
The main makers of traditional video game are beginning to explore the Web3 gaming environment. Experimenting with NFT assets and cryptocurrency-based economics in the process. Now, another notable gaming studio with a very popular franchise is making blockchain-based gaming development programs — in this case, Solana.
South Korean game publisher Krafton
Today, South Korean game publisher Krafton, Inc. Has revealed a long-term agreement with Solana Labs, and partnerships to develop. And sell blockchain and NFT-operated games running on the Solana network. Firms also plan to explore joint venture investment opportunities.
Krafton is the company behind PUBG: Battlefields (formerly PlayerUnknown’s Battlegrounds), a popular franchise for war shooters that spans multiple platforms. This series has downloaded more than one billion downloads. To its iOS and Android mobile applications, as well as more than 75 million. Integrated downloads for your PC and console installations.
PUBG Games sees up to 100 players crashing into one online map. And striving to become the last player or stand-alone team. The original PC game — the first of its kind — was launched in 2017. And preceded the popular Epic Games game for Fortnite war royale.
PUBG Mobile free gaming has reached international audiences. And mobile statistics company Sensor Tower reported in November 2021. That the game has generated more than $ 7 billion in revenue by game purchases. The studio recently introduced a different theme, with a future PUBG theme called New State Mobile.
Krafton has yet to announce that it will bring PUBG or another franchise.
To the Web3 site or create a new IP blockchain games run by NFT on Solana. Although PUBG is Krafton’s most popular IP, the publisher also owns shares such as Subnautica and Tera, and publishes mobile games such as Golf King and Bowling King.
“Krafton will continue to see ways to work closely with blockchain companies. Such as Solana Labs as we work to develop. Our Web 3.0 ecosystem,” said Hyungchul Park, Krafton’s Web 3.0 Roundtable leader. “Through this partnership, Krafton will gain the insight needed to accelerate its investment and emergence of blockchain-based experiences.”
In February, Krafton unveiled other Web3 programs, including a $ 2.5 million equity investment. On the Seoul Auction Blue online auction and $ 4.1 million at its company XBYBLUE. Krafton will work with Seoul Auction Blue and XBYBLUE to develop NFT-related projects.
Krafton announced an agreement with Naver Z
Separately, Krafton announced an agreement with Naver Z to build an “NFT and metaverse stadium.” NFT is a different type of token used to identify ownership over digital assets, such as video game items. The South Korean firm uses Zepeto, an online metaverse-like online gaming experience that requires about 20 million users a month, according to a report from TechCrunch.
Krafton unveiled a 3.8 billion IPO in South Korea last August. With Bloomberg claiming to be the world’s largest in more than a decade. Yet widely seen as failing to live up to expectations. As of this writing, Krafton has a market capitalization of $ 13.9 trillion South Korean won, or about $ 11.4 billion.
Other notable traditional game developers playing in the NFT space. Include Ubisoft and Square Enix, while well-known game designers such as Will Wright and Peter Molyneux also work in NFT-powered games. The most successful crypto game to date, Ethereum-based Axie Infinity, has generated over $ 4 billion in NFT trading volume.