Krafton, the PUBG gaming studio is set to launch its Metaverse gaming platform this year - 2023
Krafton, the studio behind the smash battle royale game PUBG, said that its metaverse gaming platform will launch in 2023.
Krafton, the South Korean studio behind breakout battle royale shooter PUBG: Battlegrounds (originally PlayerUnknown’s Battlegrounds), hasn’t forgotten about the metaverse. In fact, its planned Web3 metaverse game platform—tentatively called Migaloo—is still in the works and now slated to launch sometime this year.
Krafton and South Korean augmented reality firm Naver Z have created a joint venture company based in North America and poured $36.8 million into Migaloo’s development, according to a release this week. Under the arrangement, Krafton will own an 85% stake in the venture, and Naver Z will hold the remaining 15%.
Just yesterday we talked about blockchain games and their potential impact on the cryptocurrency ecosystem and now we have reports that PUBG studios is. cooking up shits for us
You see, according to Dappradar there's like a couple over 800k unique addresses that play one blockchain game or the other. Now, we know that some accounts may be bots, belonging to one person and automated to a profit, but the number of real users will not be far off. That said, Krafton's interest in developing and deploying a blockchain-based game with features that allow the purchase, utility and owning of in-game digital assets, we're simply looking at the on-boarding of millions of people, how so?
Well, the partnered company Naver reported has like 49 million monthly active users across three of its products. Krafton behind PUBG has about 289 million monthly active users. Together, that's over 338 million people being sold products of blockchain technology and cryptocurrency.
Now, if we take a little step back, we can do a quick raw estimate of what impact this might have assuming this audience is captured in the release of this development. Considering that with over 800k unique wallets currently playing one blockchain game or the other and the current market value of blockchain games being about $4.6 billion, this is simply like 0.25% of 338 million users of which the estimated value of blockchain games would sky rocket to $1,941,200,000,000, so about 1.9 trillion dollars would be captured if blockchain games are adopted via the developments of Krafton and Naver.
This shows just how much room there is for growth in this ecosystem and just how much value can be captured within a short period of time provided the right audience is earned. If DeFi isn't able to do it, blockchain games will take crypto to the masses and that will inevitably pump the DeFi markets as though these two sectors are closely tied.
Posted Using LeoFinance Beta