A corporate announcement states that South Korean game giant NCSOFT and blockchain startup Mysten Labs have partnered strategically.
As part of the collaboration, NCSOFT gave $15 million to Mysten Labs‘ $300 million Series B investment, which was previously reported and valued the business at over $2 billion. Franklin Templeton, Binance Labs, FTX Ventures, and Jump Crypto were other backers.
Dr. Songyee Yoon, President and Chief Strategy Officer of NCSOFT, stated:
“Blockchain technology has the potential to create novel and innovative player experiences. We are excited to partner with Mysten, who shares our vision for the technology as a platform for truly distributed player centric economy, passion for community building, and trustworthy technology which is crucial for those who desire to build a platform of desired scale and reach.”
In order to produce compelling gaming experiences, the Sui blockchain developer will collaborate with a game development firm. Popular massively multiplayer online games like Lineage and Guild Wars were created by NCSOFT.
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