PUBG Developer Krafton Teams Up With Solana Blockchain 6d2772 Likely to Add Crypto and NFT Twist to Games

Krafton is accelerating efforts to keep up with the emerging Web 3 sector. 2v8r

By Radhika Parashar | Updated: 23 March 2022 17:48 IST

PUBG Developer Krafton Teams Up With Solana Blockchain, Likely to Add Crypto and NFT Twist to Games

Photo Credit: Facebook/ PUBG 4u3559

Over 800,000 unique active players connected to blockchain-based games in July 2021

Highlights

PUBG players could get Web 3 features from Krafton
Krafton plans to revamp its games with crypto and NFT elements
Krafton now has the rights to develop games on Solana

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PUBG-developer Krafton has struck a deal with Solana Labs, stirring up rumours about its potential plans to add crypto and NFT elements to its games. As part of the partnership, Krafton has secured official rights to build blockchain games on Solana networks. These games are likely to have a metaverse feel, ing interactive digital avatars along with crypto-related rewards and services. The deal comes under the backdrop of Krafton accelerating its efforts to keep with the emerging Web 3 sector.

South Korea-based Krafton and US-based Solana Labs will be collaborating to design games as well as explore opportunities to invest tly in the blockchain industry, the Korea Economic Daily reported on Wednesday, March 23.

“We are actively pursuing partnerships with companies and communities that have demonstrated impressive technological development, like Solana, to create a Web 3 ecosystem,” the report quoted an anonymous Krafton spokesperson as saying.

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Solana was launched in 2020 as a competition of SOL, that currently has a market cap of $29 billion (roughly Rs. 2,23,130 crore).

As per its latest Energy Use Report, Solana claimed that two Google searches consume more energy than a single Solana transaction.

The Tomorrowland to its NFTs.

NFT Game ‘Legacy’ Has Limited Land Plots Up For Sale: Details Here

Built on Solana :muscle: https://t.co/oyUdZ3rF
— Solana (@solana) March 22, 2022

PUBG, which reportedly touched the 70-million-s mark in July 2020, could soon be connecting its large base to the deeper levels of virtual reality.

The blockchain gaming industry grew by 765 percent in 2021, a Forbes report claimed in January this year.

Last month, crypto exchange FTX announced the launch of FTX Gaming, a "crypto as a service" platform, aimed at enabling gaming companies to create tokens and provide for NFTs to customers.

Zynga, the San Francisco-based online and mobile game developer, best known for FarmVille and CSR Racing games, has also announced plans to get into blockchain gaming.

A DappRadar report had recently said that a whopping 804,000 unique active players connected to blockchain-based games in July 2021.

Asus India's Arnold Su s this week's Orbital, the Gadgets 360 podcast, to talk about how the PC maker is planning to grow its presence in the country. Orbital is available on Spotify, Gaana, JioSaavn, Google Podcasts, Apple Podcasts, Amazon Music and wherever you get your podcasts.

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Further reading: Blockchain Games

Radhika Parashar

Email Radhika

Radhika Parashar is a senior correspondent for Gadgets 360. She has been reporting on tech and telecom for the last three years now and will be focussing on writing about all things crypto. Besides this, she is a major sitcom nerd and often replies in Chandler Bing and Michael Scott references. For tips or queries you could reach out to her at [email protected]. More