South Korea’s largest mobile gaming company, Netmarble, is set to make its move into the NFT space. Founder and CEO, Bang Jun-hyuk is bullish on this space as he shared this new plan at a recent press conference. At the time of writing, the new titles have already started to roll out.
Netmarble’s first play-to-earn game, A3: Still Alive, launched on 12 March 2022. The game uses cryptocurrencies to trade in-game assets, such as weapons. The company boasts this as the first fusion of “MMORPG” and “Battle Royale” on mobile. The game has a PVP component, guild festivals, and various attractive characters.
Just this week, the company launched its proprietary blockchain ecosystem, MBX, and the MARBLEX wallet. MBX is built on the Klatyn blockchain, focusing on adding more engaging elements to gamers. In addition, the company’s cryptocurrency, MBX, is also available to trade on Klayswap, Klatyn’s DEX.
On the other hand, the MARBLEX wallet adds to the blockchain ecosystem as users can store their MBX tokens, or swap them with Klaytn or other in-game currencies. Moving forward, the mobile gaming giant plans to add swap features, a bridging token, and the MBX Explorer. This will give its community a more holistic experience as they navigate around the games.
Unfortunately, the games will not focus on the South Korean market because of the ban on NFT games. The nation’s regulators think the speculative nature of NFTs and crypto can fuel gambling addiction among their teenagers. While this concern does have its merits, the more matured gamers will likely miss out on the fun.