Krafton Labs, the creators of the popular Battlegrounds Mobile India (BGMI) game, announced a partnership with Solana Labs on Wednesday to support blockchain-based games. For those who are unfamiliar with Solana, it is a decentralized blockchain that outperforms Bitcoin, Ethereum, and other blockchains.
Solana is a decentralized computer network based on a distributed ledger called the blockchain. The concept came by Anatoly Yakovenko. The company claims to be the quickest blockchain in the world, with the potential to validate 65,000 transactions per second for less than a penny each.
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One transaction on the Solana blockchain network reduces energy consumption more than two Google searches and less power than charging your phone, according to the Solana Foundation.
How Blockchain will Redefine the Gaming Industry ?
“As we work to develop our Web 3.0 ecosystem. KRAFTON will continue to look for opportunities. In order to collaborate closely with blockchain firms like Solana Labs,” stated Hyungchul Park, Lead of Web 3.0 Roundtable at KRAFTON, Inc.
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“As one of the top worldwide high-performance blockchains, Solana embodies the best of the Web 3.0 ecosystem. The technology, with strengths in high speed and low costs.” KRAFTON will gain the knowledge it needs to increase its investment in. The creation of blockchain-based experiences as a result of our relationship.”
Krafton and Solana Labs aim to create a long partnership for the design and operation of the blockchain. According to a press statement, The two teams will work together. Marketing and design for games are the basis of other similar technologies, as well as collaborative investment potential.
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“We are seeing players increasingly seek out on-chain games,” said Johnny Lee, Head of Games Business Development at Solana Labs. “Gaming companies who respond swiftly to this demand will set themselves up advantageously for continuous success.”
Based on its game development capacity and operating experience garnered from BGMI. The company stated this month that it will enter the web 3.0 and NFT businesses. Since then, Seoul Auction Blue, XX Blue, and NAVER Z have announced investments and collaborations with the company in additional industries connected to NFT, metaverse, and blockchain (Zepeto).
Varushi Yadav
I'm a 4th-year law student at the University of Petroleum and Energy Studies, along with that I'm a creative content writer. So far I have written law-related articles, I like to explore more and I'm always ready to learn more.