Krafton, a South Korean company that develops and distributes video games based in Seongnam, announced today that it has signed a partnership agreement with Solana Labs.
Specifically, according to the announcement, Krafton and Solana Labs will jointly build games based on blockchain technology and release NFT.
In addition, Krafton also undertakes the promotion, design and investment in game projects.
“Through this partnership, Krafton will gain the insight needed to accelerate investment in potential blockchain game projects and enhance the blockchain gaming experience for users,” said Krafton representative, Hyungchul. Park, said.
In its February report, Krafton said it made more than $1.57 billion in revenue in 2021.
One of the most popular titles developed by Krafton is PUBG Mobile, which brought in the company’s revenue of 1.18 billion USD.
Krafton joins other game developers like Square Enix and Ubisoft to explore new opportunities in the blockchain gaming industry .
After the above news, the price of SOL regained the $100 mark, up 7.2% over the past 24 hours.