South Korea’s Gamevil Acquires Blockchain Tech Company

0
3

Gamevil, the South Korean cell recreation software program developer, has acquired blockchain expertise firm Zenaad with plans to develop as a platform for blockchain-based video games.

Fast information

  • Gamevil revealed yesterday that it has entered the ultimate stage of developing its blockchain ecosystem with the acquisition of Zenaad. The tech pressure at Zenaad has been internalized into Gamevil’s growth crew — the corporate targets its newly obtained blockchain know-how into constructing e-wallets for its non-fungible token (NFT) alternate and creating a blockchain-based commercial resolution for HIVE, its world recreation service platform.
  • Gamevil’s HIVE platform is transitioning right into a blockchain-based open gaming platform to reinforce the setting for firms creating blockchain-based video games and to facilitate handy buying and selling of NFTs. Gamevil’s NFT alternate is ready to launch within the first half of 2022.
  • Meanwhile, blockchain-based video games that reward customers with cashable NFTs are banned in South Korea as a consequence of doable promotion of speculative habits. The nation’s gaming committee official mentioned final week the ban is not going to be lifted except a change is made within the gaming regulation on hypothesis.

Leave a Reply