Krafton and Naver Z, the creators of PUBG and ZEPETO respectively, have teamed up to invest $36M in ‘Migaloo’ – a new creator-centric metaverse that utilizes blockchain technology to reward creators for their work. Discover how Migaloo aims to revolutionize the world of metaverse technology.
Krafton, the creators of popular battle royale game PlayerUnknown’s Battlegrounds (PUBG), and Naver Z, the creators of social virtual reality app ZEPETO, have teamed up to create a new metaverse called ‘Migaloo’.
With all these Metaverse worlds being developed, what makes Migaloo stand out from the rest?
Let’s find out.
Migaloo Metaverse
The new metaverse, Migaloo, aims to be a creator-centric platform that utilizes blockchain technology to enable creators to realize new value in an NFT-based ecosystem based on their creations. At its core, the platform will use a “Create to Earn” (C2E) model that rewards creators for their work. The platform will have three main areas: a mobile social platform where avatars can interact with various people, a 3D interactive content world built using Unreal Engine 5 (UE5), and a creator platform that provides tools for creators to build items, with a Create to Earn model at its core.
Krafton, with its extensive experience in game development and blockchain technology, will be in charge of program development and development of sandbox tools and blockchain systems for creators’ creation. Naver Z, with its expertise in social media and virtual reality, will be in charge of service planning and securing partnerships.
The rise of blockchain technology has enabled creators to earn a fair share of the value generated by their work. Migaloo aims to take this concept to the next level by creating a platform that is entirely focused on creators and their creations. By using blockchain technology to create an NFT-based ecosystem, Migaloo will enable creators to earn a fair share of the value generated by their work.
The mobile social platform in Migaloo will allow users to interact with each other in a virtual environment, creating a new type of social experience that is not possible in the physical world. The 3D interactive content world, built using UE5, will enable creators to build immersive experiences that can be shared with others. The creator platform will provide tools for creators to build items, with a Create to Earn model at its core.
Final Thoughts
In conclusion, the joint venture between Krafton and Naver Z to create Migaloo is an exciting development in the world of metaverse technology. The platform aims to be a creator-centric ecosystem that utilizes blockchain technology to enable creators to earn a fair share of the value generated by their work. With Krafton’s experience in game development and blockchain technology, and Naver Z’s expertise in social media and virtual reality, Migaloo has the potential to become the next big thing in the world of metaverse technology.