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

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

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

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

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, supporting 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 jointly 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.

Samsung Wins Patent for a Tri-Fold Smartphone With Specialised Barrier Layer for Improved Durability

Solana was launched in 2020 as a competition of Ethereum. While Ethereum offers a more developed blockchain system, Solana boasts of higher efficiency. Its native token is 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 blockchain network was recently picked by EDM festival Tomorrowland to support its NFTs.

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

Built on Solana :muscle: https://t.co/oyUdZ3CprF
— Solana (@solana) March 22, 2022

PUBG, which reportedly touched the 70-million-users mark in July 2020, could soon be connecting its large userbase 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 support 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 joins 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.

Affiliate links may be automatically generated - see our ethics statement for details.

Comments

For the latest tech news and reviews, follow Gadgets 360 on X, Facebook, WhatsApp, Threads and Google News. For the latest videos on gadgets and tech, subscribe to our YouTube channel. If you want to know everything about top influencers, follow our in-house Who'sThat360 on Instagram and YouTube.

Further reading: PUBG, Krafton, Solana Labs, Solana Blockchain, Solana, SOL, Web 3, Web3, 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 RadhikaP@ndtv.com. More