NHN mentioned it selected the Sui blockchain for its crypto sport growth due to its low transaction charges, quick processing time, and excessive scalability.
South Korean cell sport developer NHN has joined the crypto bandwagon via a partnership with Mysten Labs, the proprietor of the Sui blockchain, to develop video games for gamers within the business.
In an official press release dated September 21, the corporate’s gaming division introduced its growth into the Web3 ecosystem, becoming a member of the ranks of South Korean gaming corporations reminiscent of Krafton, Com2us, Wemade, Nexon, Neowiz, NCSoft, and OneUniverse, all of which have embraced blockchain expertise in sport growth.
NHN to Enterprise into Crypto Video games
NHN, a globally acknowledged IT firm and one of many main builders of on line casino video games within the APAC area, boasts a wealthy historical past of success within the gaming business. With deep experience in creating partaking gaming experiences and retaining customers, the corporate has developed standard titles within the Web2 ecosystem, together with Hangame Poker and Crusaders Quest.
Moreover, the cell sport developer has cultivated a considerable person base of roughly 37 million gamers throughout varied gaming platforms on cell and desktop units.
Constructing on this basis, the South Korean firm is now venturing into the crypto gaming realm to cater to a rising Web3 viewers.
NHN to Introduce NFTs as In-Recreation Rewards for Gamers
As a part of its Web3 technique, the South Korean firm will leverage the Sui blockchain to develop new video games that may introduce non-fungible tokens (NFTs) and crypto tokens designed particularly for these video games.
Whereas the exact particulars of how NHN plans to combine NFTs and crypto tokens are nonetheless being finalized, Jine Lee, the corporate’s head of enterprise growth, hinted at the potential for enabling avid gamers to commerce in-game gadgets reminiscent of NFTs and introducing crypto token-based rewards.
Ujin Chung, the CEO of NHN Company, described the corporate’s motivation for getting into into the rising financial system as a “paradigm shift” within the gaming business. He additionally emphasised the corporate’s purpose to merge the inherent worth of sport content material with the in-game financial system via the idea of tokenomics.
“Up thus far, there was an absence of synergy between web3 and gaming. This synergy will likely be pushed by development and sustainability, the form of which is finest served by the minds who honed this talent in web2 and have a confirmed monitor file of success in creating experiences that customers take pleasure in,” mentioned Chung.
Low Transaction Charges and Excessive Scalability
NHN mentioned it selected the Sui blockchain for its crypto sport growth due to its low transaction charges, quick processing time, and excessive scalability. CEO Chung revealed that the community stood out for the corporate resulting from its experience and the revolutionary capabilities of Sui.
The protocol, launched by Mysten Labs in Could 2023, is constructed on an object-centric mannequin based mostly on the Transfer programming language, enabling parallel execution, sub-second finality, and wealthy on-chain property.
Commenting on the partnership with NHN, Mysten Labs CEO Evan Cheng mentioned that the corporate goals to create merchandise that entice a considerable person base and make Web3 accessible to billions of customers worldwide.
“What excites me about constructing with NHN is what we’re starting to seek advice from as ‘stickiness’ for customers. It’s a code web3, which has not cracked with each day energetic customers on the most well-liked chains barely topping 300K. At Mysten Labs, our mission is to carry the advantages of web3 to the plenty by the billions,” mentioned he.
Chimamanda is a crypto fanatic and skilled author specializing in the dynamic world of cryptocurrencies. She joined the business in 2019 and has since developed an curiosity within the rising financial system. She combines her ardour for blockchain expertise together with her love for journey and meals, bringing a contemporary and fascinating perspective to her work.
