On March 24, South Korean game studio Krafton, Inc. announced a long-term partnership with Solana Labs, with plans to cooperate to create and market blockchain and NFT-driven games that sudden spike in demand for the Solana organization.

“Krafton will continuously see ways to work closely with blockchain companies like Solana Labs as we work toward establishing our Web 3.0 ecosystem,” said Hyungchul Park, Krafton’s Lead of Web 3.0 Roundtable. “Through this cooperation, Krafton will acquire the insight needed to accelerate its investment in and output of blockchain-based experiences.”

Through the cooperation, the two organizations are intending to help the development and activity of blockchain and NFT-based games and services. Besides, Krafton and Solana will mutually collaborate on investment opportunities. The organizations additionally plan to investigate co-investment open doors.

Krafton presently can't seem to report whether it will bring PUBG or one more franchise into the Web3 space or make new IP for NFT-driven blockchain games on Solana.

While PUBG is Krafton's most popular IP, the publisher likewise claims franchises like Subnautica and Tera and publishes versatile games like Golf King and Bowling King.

The free-to-play PUBG Mobile has contacted a much more extensive worldwide crowd, and mobile analytics company Sensor Tower announced in November 2021 that the game has created more than $7 billion in income to date using in-game buys. The studio additionally as of late launched a different, advanced themed PUBG portable title called New State Mobile.

Blockchain-based gaming services have made a monstrous buzz in the Web 3.0 environment. Recently, Binance Labs, the funding arm and advancement hatchery of Binance, reported interest in AlwaysGeeky Games to help the improvement of the blockchain gaming industry.

Joyashree Dey

CBW - External Analyst

INDIA