Krafton and Naver Z announced a North American-based joint venture company.
It’s possible that the Migaloo world will function similarly to Roblox, only using NFTs.
South Korean gaming studio Krafton, who created the massively popular PUBG: Battlegrounds (formerly PlayerUnknown’s Battlegrounds), hasn’t ignored the metaverse. In reality, the Migaloo Web3 metaverse gaming platform is still under development and expected to debut this year.
This week, Krafton and Naver Z, a South Korean augmented reality developer, announced the formation of a North American-based joint venture company that would invest $36.8 million in developing Migaloo. Krafton will control 85% of the business, with Naver Z holding the remaining 15%.
Rise in Blockchain Gaming Adoption
Naver Z is a significant technology corporation with a capital of approximately $172 million but is relatively unknown in the West. In comparison to PUBG by Krafton, which has 289 million monthly active players, Naver’s three prod
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