KRAFTON, INC. Signs Long-Term Cooperation with Solana Labs For Blockchain-based Games and Services

Published on: 24.03.2022

KRAFTON, Inc., creators of the globally popular PUBG: BATTLEGROUNDS battle royale game, announced the signing of a business agreement with Solana Labs to support the design and marketing of blockchain-based games and services.

Solana is a decentralized blockchain built to enable scalable, user-friendly apps for the world.

Solana is the world’s most performant blockchain. It gives developers the confidence to build for the long term by delivering predictable scaling without compromising security or composability. Solana’s performance is driven by a single global state, which is capable of processing tens of thousands of smart contracts at once, and by Proof of History, a distributed clock that unlocks low-latency, sub-second finality across the global state.

Through this agreement, KRAFTON and Solana Labs are poised to build a long-term cooperative relationship for the development and operation of blockchain- and NFT-based games and services. The two companies will cooperate in the marketing and design of blockchain games and various blockchain technologies, as well as jointly cooperate on investment opportunities.

Hyungchul Park, Lead of Web 3.0 Roundtable at KRAFTON, Inc. said:

“KRAFTON will continuously see ways to work closely with blockchain companies like Solana Labs as we work toward establishing our Web 3.0 ecosystem.” “As one of the best global high-performance blockchain with strength in high speed and low fees, Solana represents the best of the Web 3.0 ecosystem and its technologies. Through this cooperation, KRAFTON will acquire the insight needed to accelerate its investment in and output of blockchain-based experiences.”

Johnny Lee, Head of Games Business Development at Solana Labs said:

“We’re excited by KRAFTON’s commitment to building the future of gaming on Solana.” “KRAFTON is an established innovator in the games industry and we are excited to be part of their next level up. We are seeing gamers increasingly seek out on-chain games and gaming companies who respond quickly to this demand will set themselves up well for ongoing success.”

This agreement underscores KRAFTON’s commitment to accelerating new business opportunities in 2022. Last month, the company announced that it will get into the web 3.0 and NFT businesses based on its game development capability and operation experience acquired from PUBG: BATTLEGROUNDS which is loved by players around the world. Since then, the company has announced investments and collaborations with partners from other fields related to NFT, metaverse, and blockchain, including Seoul Auction Blue, XX Blue and NAVER Z (Zepeto).

About Krafton

Krafton is a company made up of production studios with differentiated creative identities. Talents with a passion for creativity gather to continuously challenge themselves and expand their capabilities, creating works that attract fans and are loved for a long time. This is the driving force of Krafton, which continues to create differentiated results based on technology.