Arabic AR Chinese (Simplified) ZH-CN English EN French FR German DE Japanese JA Portuguese PT Russian RU Spanish ES Turkish TR
Connect with us

Hi, what are you looking for?

Blockchain

Gaming Firm Krafton Pens Business Deal With Solana Labs

Krafton, a South Korean firm that specializes in developing and distributing video games, announced Wednesday that it signed a business deal with Solana Labs, the team building the Solana blockchain. 

Krafton and Solana Labs will collaborate on building games based on blockchain technology such as non-fungible tokens (NFTs), in addition to jointly marketing, designing and investing in projects. 

“Through this cooperation, Krafton will acquire the insight needed to accelerate its investment in and output of blockchain-based experiences,” the firm’s head of web3 roundtable Hyungchul Park said in a statement.

Krafton earned over $1.57 billion in revenue in 2021, the firm self-reported in February of this year. Of that total, a game distributed by Krafton called Player Unknown Battle Ground (PUBG) Mobile — a free-to-play battle royale-style game — earned the firm $1.18 billion in revenue.

Krafton joins other game developers such as Square Enix and Ubisoft to eye blockchain-based gaming opportunities, despite opposition from traditional gaming channels like Steam.

Featured

Bitcoin Mining

Despite a $72 million rescue offer from creditors, concerns have been raised about the general viability of the Bitcoin trading community amid a protracted...

Altcoin

Ripple is attempting an upside break above the $0.365 resistance zone against the US Dollar. XRP price could fail to gain pace if it...

Bitcoin

Bitcoin price is facing resistance near $17,000. BTC could start another decline unless there is a strong move above the $17,000 resistance zone. Bitcoin...

Ethereum

Ethereum started a fresh decline from the $1,320 resistance against the US Dollar. ETH is struggling and remains at a risk of a move...