Krafton Ventures into Metaverse with Migaloo: A New Create-to-Earn Platform for NFTs

Krafton, the South Korean game developer behind the popular video game Player Unknown’s Battlegrounds (PUBG), has revealed its latest foray into the world of metaverse with a new venture called “Migaloo”. The new platform will be developed in collaboration with Naver Z and will feature a create-to-earn (C2E) system, which will allow content creators to earn money from digital items in the form of non-fungible tokens (NFTs).

For Krafton, blockchain technology appears to be a promising solution, as the creator of PUBG, Brendan Greene, has previously revealed a new project called Artemis. This upcoming metaverse game will also feature NFTs, and in an interview with Nathan Brown for Hit Points, Greene expressed his desire to create a new digital space where players can engage in meaningful activities.

It remains unclear whether Artemis and Migaloo will function as independent entities or if they will coexist within the same ecosystem. No specific timeline for the release of Artemis has been announced yet.

Krafton’s move into the metaverse space signals a growing trend among game developers to explore the potential of blockchain technology and NFTs. The metaverse, which refers to a virtual shared space where users can engage with each other and digital content, has gained significant attention in recent years, with companies such as Facebook and Roblox making notable investments in the space.

With the rise of NFTs, content creators and artists now have a new way to monetize their digital creations, and it appears that Krafton is keen to capitalize on this trend with Migaloo and Artemis. As the metaverse continues to develop and evolve, it will be interesting to see how game developers, blockchain companies, and other stakeholders work together to create new and innovative experiences for users.