South Korean gaming giant Netmarble plans to release more than ten games that will use blockchain technology and elements of the metaverse.
Netmarble founder Bang Joon-hyuk revealed that the first game in which users will be able to monetize intangible gaming assets using cryptocurrencies will be “A3: Still Alive”. The game will be released in March.
Another game, “Everyone Marble: Metaworld”, is going to use “technologies related to the metaverse”. With the help of collectible tokens, gamers are promised the opportunity to create real estate in Metaworld, buy and sell land plots of the virtual world.
“Netmarble’s blockchain-based games will allow intangible assets to be combined with NFTs. The metaverse and blockchain can create a new real world beyond the boundaries of virtuality. I believe that in the future the gaming industry will become even more developed than it is now,” says Jun Hyuk.
Most of the company’s new developments are aimed at foreign gamers, as games for money (GameFi) are prohibited in South Korea. Regulators are concerned that blockchain-based gaming may encourage gaming addiction among young people and increase the likelihood of market speculation.
Recently, the South Korean Gaming Management Committee (GMC) demanded that the Apple and Google app stores block Play-to-Earn (P2E) games in the country. Local authorities believe that the income of each gamer in one game should be capped at $8.4.
In addition to Netmarble, the French developer Ubisoft is showing interest in blockchain and collectible tokens. In December, testing of the Ubisoft Quartz platform for NFT trading began, which will be used in game projects. However, according to a recent survey conducted by the organizers of the Game Developers Conference (GDC), about 70% of game developers are not ready to implement NFT.
Source: Bits
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