Krafton, the South Korean studio behind Breakout Battle Royale Shooter Pubg: Battlegrounds (originally Playerunknown’s Battlegrounds), did not forget the metavese. In fact, it’s planned Web3 The Metaversse game platform – called Migaloo – is still underway and now launched this year.
Krafton and the South Korean augmented reality company Naver Z have created a joint venture company based in North America and paid $ 36.8 million in the development of Migaloo, according to a release this week. As part of the arrangement, Krafton will have a 85% In the company, and Naver Z will hold the remaining 15%.
But it is not a Zuckerbergian METARATE. Migaloo is developed by an AAA game studio and aims to offer a “creation-basic” system in which users can create, buy and sell assets in the game as a Nft. While little else is known to the project, it seems that the world of Migaloo can look like something Like Roblox, but with NFTS.
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This joint pushes towards Web3 Game offers are another example of companies in the Asian market Develop games and experiences that exploit blockchain.
Creator of Final Fantasy based in Japan Carré Enix announced its own web game3, while Japan and South Korea Nexon Develops the MapleStory universe in Web3. In Singapore Razer Also launched a web3 incubator, while the South Korean company Wemade plans to publish some of its largest titles abroad with web 3 integrations.
While some in the West may not be familiar with Naver Z, it is a large technology company with more $ 172 million in funding. Naver boasts Over 49 million Active monthly users in three of its products, while Krafton PUBG is currently seeing a 289 million Active monthly players. PUBG Mobile for iOS and Android is also extremely popular.
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That said, Krafton‘S Migaloo is not the studio‘s only web3 initiative. In March 2022, Krafton announced that he had teamed up with Solana Labs To develop games on Solara network. Neither Krafton nor Solana Labs seem to have made public updates on the plans since the initial announcement.
Krafton did not immediately respond to DecipherComment request. Decipher Also asked Solana laboratories on the state of its Krafton partnership, but did not immediately receive clarification.
