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Krafton Joins Hands With Solana

Krafton Joins Hands With Solana

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PUBG Creators Krafton Labs Join Hands with Solana Labs.

Massively popular battle royale PUBG’s founder Krafton Labs has entered into an agreement with Solana Labs. The partnership may well bring NFTs to PlayerUnknown’s BattleGrounds (PUBG).

Krafton Joins Hands With Solana - PUBG Agreement
Krafton Joins Hands With Solana – PUBG Agreement

The press release from Krafton Labs shares that it has several plans with Solana Labs that include “development and operation of blockchain and NFT-based games and services.”

The partnership will facilitate blockchain-based games, auspicious news for crypto game enthusiasts.

Solana Labs uses a different blockchain technology which makes it stand apart from its competitors like Bitcoin, Ethereum, and others.

A transaction on the Solana blockchain network uses a tiny fragment of energy which is equivalent to two Google searches. Solana Foundation claims that energy efficiency is paramount as it uses 24 times less energy than charging a mobile phone.

Moreover, the company also claims that it is the fastest blockchain network in the world with the ability to verify 65000 transactions per second.

Speaking on the agreement, Hyung Chul Park, lead of Krafton’s Web 3.0 division said, “Krafton will continuously see ways to work closely with blockchain companies like Solana Labs as we work toward establishing our Web 3 ecosystem.

“Solana represents the best of the Web 3.0 ecosystem and its technologies. Through this cooperation, Krafton will acquire the insight needed to accelerate its investment in and output of blockchain-based experiences,” he further added in the press release.

Krafton Joins Hands With Solana - NFT
Krafton Joins Hands With Solana – NFT

The agreement between Krafton Labs and Solana comes amidst continued backlash and criticism against crypto games from the traditional video game industry.

Previously, Krafton invested $6.6 million in Korean-based NFT startups to make progress in its Web 3 projects.

However, it is notable that the recent agreement between Krafton Labs and Solana Labs is a memorandum of understanding (MOU) which means that Krafton Labs can back out of the deal at any time without the worry of any legal repercussions.

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Krafton Joins Hands With Solana

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Best P2E Games list 2024

Krafton Joins Hands With Solana

P2E News, short for “Play-to-Earn News,” is a category of updates and information within the broader spectrum of Crypto News, Web3 News, NFT News, and Blockchain News. These terms are all interconnected and represent various facets of the rapidly evolving digital landscape.

Play-to-Earn (P2E) is a gaming model that has gained immense popularity within the crypto and blockchain communities. In P2E games, players can earn cryptocurrencies or NFTs by participating in the game, often through activities like completing quests, collecting items, or trading assets. P2E News covers developments, announcements, and trends related to these innovative gaming experiences that allow players to monetize their in-game efforts.

Crypto News, on the other hand, focuses on the broader world of cryptocurrencies, including Bitcoin, Ethereum, and a multitude of altcoins. This category encompasses news about market trends, regulatory changes, new blockchain technologies, and updates related to various tokens. Crypto News is a fundamental aspect of the blockchain ecosystem, as cryptocurrencies serve as the primary means of value transfer and exchange within the Web3 space.

Web3 News is an umbrella term that refers to the next-generation internet, often characterized by decentralized applications, blockchain technology, and smart contracts. The Web3 ecosystem seeks to provide a more user-centric and decentralized internet experience. This category of news covers developments in decentralized finance (DeFi), non-fungible tokens (NFTs), and various other applications built on blockchain technology. For the ultimate and best play to earn games list, check our friends of playtoearngames.com.

NFT News focuses on Non-Fungible Tokens, unique digital assets that are indivisible and represent ownership of a specific item, artwork, or collectible. NFTs have gained prominence in the art world, gaming industry, and entertainment sector. NFT News keeps enthusiasts informed about NFT sales, new projects, and partnerships within the NFT space.

Blockchain News pertains to the foundational technology behind cryptocurrencies and Web3 applications. Blockchains are decentralized ledgers that record transactions across a network of computers, ensuring transparency and security. Updates in this category might include innovations in blockchain consensus mechanisms, interoperability between different blockchain networks, and industry applications beyond cryptocurrencies.

In summary, P2E News is a niche subset of Crypto News, Web3 News, NFT News, and Blockchain News. It focuses on gaming experiences where players can earn cryptocurrencies or NFTs, while the other categories encompass a broader range of topics within the decentralized digital landscape, including cryptocurrencies, web3 technologies, NFTs, and blockchain advancements. Collectively, these categories shape the landscape of the digital economy, offering insights into how technology is revolutionizing various aspects of our lives.