Kakao Video games introduced Tuesday that Mates Video games, its subsidiary, will now turn into Meta Bora to deal with blockchain-based video games and leisure supporting its Bora cryptocurrency.
- “We are going to work our hardest to assist the event of the Net 3.0, equivalent to in blockchain and the metaverse, by integrating Kakao Video games’ recreation business community and perception into the Bora ecosystem,” Kakao Video games CEO Cho Kye-hyun mentioned.
- Main South Korean recreation firms, equivalent to Com2uS, Netmarble and WeMade are in a race to develop non-fungible tokens (NFT), the metaverse and play-to-earn (P2E) gaming.
- Bora is a cryptocurrency issued by blockchain developer Way2Bit, which Kakao Video games acquired in 2020.
- In Could final yr, Kakao Video games accomplished the merger of Mates Video games and Way2Bit.