South Korea’s Krafton, the game developer behind PUBG: Battlegrounds, has announced a partnership with Solana Labs, a studio that incubates and launches decentralized finance projects on the Solana blockchain.
A player on PUBG Mobile / Photo credit: Sparktour / Wikimedia Commons
The two companies plan to build a long-term partnership for developing blockchain- and NFT-based games and services. Krafton and Solana Labs will also jointly work on investment opportunities around crypto.
In a statement, Krafton said the partnership underscores its commitment to accelerating new business opportunities this year.
Solana is a programmable blockchain that hosts decentralized applications and promises high-speed transactions at relatively low fees. Its ecosystem includes projects like cryptocurrency exchange Orca, web browser Brave, and crypto lending platform Apricot Finance.
“Through this cooperation, Krafton will acquire the insight needed to accelerate its investment in and output of blockchain-based experiences,” said Hyungchul Park, lead of Web 3.0 Roundtable at Krafton.
The development follows Krafton’s recent announcement saying that it will foray into Web3 and NFTs based on its game development capability and experience. The company has also invested in and partnered with other companies in the blockchain space such as Seoul Auction Blue, XXBlue, and Naver Z.
Editing by Collin Furtado and Lorenzo Kyle Subido
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