Monday, March 27

South Korean Giant Who Created Game From K-Pop Band BTS To Launch Play-to-Earn Games For The Metaverse | Bitcoin Portal

South Korean game developer Netmarble, the company behind games like “Marvel Future Fight” and ‘BTS World’, the latter referring to K-Pop band BTS, has announced its plans to release multiple play-to-earn games for the metaverse. The information is from Forbes, published on Monday (31).

According to the website, billionaire Bang Jun-hyuk, founder and chairman of the company, said in an interview that the company is preparing to launch 20 new games, of which about 70% will use blockchain technology, that is, game based on metaverse and play-to-earn mode.

One of the games, Bang said, ‘Still Alive’, will be released in March. He explained that it is a play-to-earn game that allows users to monetize cryptocurrencies through weapons NFTs.

The launch, however, will be overseas only, as ‘play to win’ is banned in South Korea. He explained that regulators are concerned that the new gaming modality could fuel gambling addiction among young.

However, Bang bets on the Metaverse. “I believe the gaming industry will grow even more than it has already,” he pointed out. “Blockchain-based games developed by Netmarble will integrate fun with NFTs assets.”

“The metaverse will not only bring in various game elements, but it will also converge with blockchain technology to create a second real world in addition to the virtual one,” Bang concluded.


About South Korean boy band BTS, late last year, the distant cousin of billionaire Bang Si-hyuk, founder of the agency that manages the K-Pop group, said he was optimistic about the NFTs and would partner with a Korean cryptocurrency exchange to issue NFTs with images of its artists. The tokens would be traded through a partnership with Dunamu, decacorn – as startups valued at $10 billion are called – owner of the Upbit exchange.

Physical images of BTS members are highly coveted and some cost up to thousands of dollars online. Stickers, prints and other products are a big source of income for Hybe, which generated over $200 million in product sales and licensing in 2021. The game ‘BTS World’ has also become a craze and has been downloaded over 10 million. times only on the Play Store.