NHN mentioned it selected the Sui blockchain for its crypto recreation improvement due to its low transaction charges, quick processing time, and excessive scalability.
South Korean cellular recreation 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 trade.
In an official press release dated September 21, the corporate’s gaming division introduced its enlargement into the Web3 ecosystem, becoming a member of the ranks of South Korean gaming corporations comparable to Krafton, Com2us, Wemade, Nexon, Neowiz, NCSoft, and OneUniverse, all of which have embraced blockchain expertise in recreation improvement.
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 trade. With deep experience in creating partaking gaming experiences and retaining customers, the corporate has developed well-liked titles within the Web2 ecosystem, together with Hangame Poker and Crusaders Quest.
Moreover, the cellular recreation developer has cultivated a considerable consumer base of roughly 37 million gamers throughout numerous gaming platforms on cellular and desktop gadgets.
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 can 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 improvement, hinted at the potential of enabling players to commerce in-game gadgets comparable to 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 economic system as a “paradigm shift” within the gaming trade. He additionally emphasised the corporate’s goal to merge the inherent worth of recreation content material with the in-game economic system via the idea of tokenomics.
“Up up to now, there was an absence of synergy between web3 and gaming. This synergy can be pushed by development and sustainability, the sort of which is finest served by the minds who honed this talent in web2 and have a confirmed observe document of success in creating experiences that customers get pleasure from,” mentioned Chung.
Low Transaction Charges and Excessive Scalability
NHN mentioned it selected the Sui blockchain for its crypto recreation improvement due to its low transaction charges, quick processing time, and excessive scalability. CEO Chung revealed that the community stood out for the corporate as a result of its experience and the modern 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 belongings.
Commenting on the partnership with NHN, Mysten Labs CEO Evan Cheng mentioned that the corporate goals to create merchandise that entice a considerable consumer 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 lively customers on the most well-liked chains barely topping 300K. At Mysten Labs, our mission is to convey the advantages of web3 to the lots by the billions,” mentioned he.
Chimamanda is a crypto fanatic and skilled author specializing in the dynamic world of cryptocurrencies. She joined the trade in 2019 and has since developed an curiosity within the rising economic system. She combines her ardour for blockchain expertise together with her love for journey and meals, bringing a contemporary and interesting perspective to her work.
