The gaming firm that brought you the massively popular PUBG Series will mount a “attack” on the NFT battlegrounds.
The world’s largest video game companies are experimenting with Web3 gaming, which makes use of NFT assets and cryptocurrency-based ecosystems.
A well-known gaming firm with a massively popular brand is producing blockchain-based games based on Solana.
On Wednesday, Krafton, the developer of PUBG: Battlegrounds (formerly PlayerUnknown’s Battlegrounds), announced a relationship with blockchain technology platform Solana Labs to promote the creation and marketing of blockchain-based games and services.
As part of the arrangement, the South Korean game publisher Krafton, Inc. has been awarded formal rights to create blockchain games on Solana networks.
PUBG Is Supposed to Have a Metaverse Feel
These games are likely to have a metaverse-like feel to them due to the inclusion of interactive digital avatars as well as cryptocurrency-related rewards and services.
The cooperation might result in the integration of Krafton’s games with the Solana blockchain, allowing players to perform in-game transactions using cryptocurrencies like as Solana’s native token SOL, as well as non-fungible tokens.
PUBG is a well-known battle royale shooter series that is accessible on a number of different platforms. The series’ Android and iOS mobile versions have topped 1 billion downloads, while the PC and console entries have crossed 75 million.
PUBG was said to have roughly 697,000 concurrent active gamers earlier this year. In the battle royale genre, only Epic Games’ Fortnite is more popular.
A MOU for the Time Being
According to sources, the two businesses have struck an MOU, which means Krafton may end the relationship without incurring legal ramifications.
Hyung Chul Park, head of Krafton’s Web 3 division, said in a press release: “Solana epitomises the Web 3.0 ecosystem and its technologies at its finest. As a consequence of our cooperation, Krafton will acquire the information essential to accelerate its investment in and development of blockchain-based experiences.”
The free-to-play PUBG Mobile has grown its worldwide audience even more, with mobile analytics firm Sensor Tower stating last November that the game has produced over $7 billion in revenue so far through in-game purchases.
Additionally, the firm just released “New State Mobile,” a separate PUBG mobile app with a futuristic theme.
Johnny Lee, head of games business development at Solana Labs, added: “Krafton is a well-known pioneer in the gaming industry, and we’re delighted to be a part of their next evolution.”
Solana was launched in 2020 as an Ethereum tournament. While Ethereum’s blockchain system is more established, Solana’s blockchain technology is more efficient. At the time of writing, its native token, SOL, has a market valuation of about $30 billion.