Krafton Declares Investments and Intent to Leverage MMO Expertise to Create NFTs Below Bluehole Studio

 Krafton, the corporate behind PUBG: Battlegrounds and different video games like Elyon, TERA, and the closed Devilian has introduced that it has made investments in firms referred to as Seoul Public sale Blue for $2.5 million USD and XBYBLUE for $4.1 million {dollars} (USD). This accompanies paperwork signaling its intent to create NFT avatars (and maybe extra) by leveraging its expertise within the MMORPG style.

Each of the businesses getting the funding money are a part of Seoul Public sale, which is a Korean artwork public sale firm. XBYBLUE is a subsidiary that works to safe IP rights and digital content material for choices. 

These NFT efforts on Krafton’s behalf shall be handled by Bluehole Studio, which is able to, in response to a press launch on the deal, “leverage KRAFTON’s large-scale massively multiplayer on-line role-playing recreation (MMORPG) server operation and next-generation graphics applied sciences to create and promote NFT avatars that can be utilized within the metaverse sooner or later. Seoul Public sale Blue and XBYBLUE shall be chargeable for designing and selling the NFT merchandise and managing KRAFTON’s IP”.

Krafton is starting this deal in Korea, however CEO CH Kim expressed the intent to increase this globally within the launch, saying that “KRAFTON will announce extra particulars associated to its collaboration with Seoul Public sale Blue and XBYBLUE, in addition to extra world partnerships”. 

Whereas it’s early to start to guess what this would possibly imply going ahead, particularly because it pertains to global NFTs, it’s not shocking. Seeing extra firms working to place themselves as prepared for the following transfer, particularly with one thing that we’re hearing more and more about, like NFTs, simply is smart.

There isn’t a phrase on after we’ll start seeing Krafton make any bulletins relating to the presence of NFTs in any of its presently operating video games or if they are going to be a part of a future launch.

 For extra on Krafton the corporate and its subsidiaries, you could find extra on the Krafton site.