PUBG Developer Krafton Is Making Its Own Metaverse And Creating NFT Projects

PUBG developer Krafton has become the latest gaming company to make moves into the NFT place. The business explained in a news release that it has invested extra than $6.5 million into a number of corporations to advance its attempts in this area, though it also programs to make its personal NFT-connected tasks.

Krafton is investing $2.5 million into Seoul Auction Blue and $4.1 million into XBYBLUE, whilst it has signed a memorandum of understanding (MOU) to make its possess NFT projects.

Seoul Auction Blue runs the art getting system SOTWO. XBYBLUE, meanwhile, operates a services termed XXBLUE that acquires and curates electronic content IP that can then be marketed to shoppers.

Krafton’s activity studio, Bluehole, will guide the demand in performing with these new providers to use Krafton’s engineering to make and offer NFT avatars for use in the metaverse “in the foreseeable future.”

Krafton CEO CH Kim reported the company is self-confident it can arrive up with NFT solutions are that are “pleasurable and partaking.” Kim teased that this is “just the starting” of what Krafton has planned in this room. Partnerships with other providers about the world will be introduced afterwards.

As for the NFT tasks, Krafton explained in a next launch that it is working with NAVER Z to make new Web 3. and NFT assignments to generate an “NFT metaverse platform.” NAVER Z runs the ZEPETO metaverse system, which features 290 million consumers globally.

Krafton claimed it is leveraging its working experience in making a big on the net activity, PUBG, to help gasoline its efforts in the metaverse room. It will also develop a person-generated content material device and make a “higher good quality virtual globe” using Epic’s Unreal Motor to make its metaverse.

The announcement of Krafton’s NFT/metaverse ideas comes just days soon after Elden Ring enterprise Bandai Namco introduced it would commit $130 million to create its own IP metaverse, in accordance to VGC.

NFTs, in individual, have been 1 of the most-mentioned aspects of video games and the wider technological know-how place for the earlier year or so. Not too long ago, the indie video games platform Itch.io slammed NFTs and the businesses that support them. Look at out GameSpot’s roundup to obtain out a lot more on wherever video clip match companies like Ubisoft, EA, Nintendo, EA, and Xbox stand on them.