Krafton Inc, the creators of the popular PlayerUnknown’s Battlegrounds (PUBG) video game. This week announced a collaboration with Nazer Z with the aim to develop a new NFT project with an admittedly ambiguous focus on Web 3.0 and the metaverse.
Naver Z is a South Korean startup whose parent company. Naver, is known for its connection with the Line messaging app and the WebToons online comic publication platform. Line has been experimenting with blockchain and cryptocurrencies for several years. While Naver is behind the vast Zepeto virtual space platform.
KRAFTON will use its experience in creating online games like PUBG
“KRAFTON will use its experience in creating online games like PUBG. Battlegrounds and relevant technology to develop a user-generated content (UGC) creation tool. Moreover build a high-quality virtual world using Unreal Engine to create this NFT metaverse platform,” according to the official announcement. “To manage the metaverse service and its accompanying community and social services. Navier Z will draw on its experience creating and running the Zepeto.”
NFTs are a relatively new technology that basically use blockchain technology
NFTs are a relatively new technology that uses blockchain technology to ensure digital asset ownership. For instance, if a video game uses NFTs to safeguard 100 in-game objects, it should be technically impossible for someone to hack the game and acquire access to such an item because the production and ownership of such items is secured on the blockchain database.
One of the main reasons why so many businesses are adopting blockchain technology is the increased security. Microsoft has been experimenting with blockchain for several years through various projects and partnerships, while Opera just revealed a new web browser focused on Web 3.0 and cryptocurrency last month.