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Esports, Korean giant prepares online games that can make money

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Friday, 11 February 2022 – 22:06 WIB

VIVA – Athletes and esports activists will be increasingly spoiled by the presence of new online games that can provide additional income.

Hall can be obtained with GameFi. GameFi is one of the new trends emerging from the crypto industry, which combines decentralized finance (DeFi) and Non Fungiable tokens (NFT) with blockchain-based online games.

This GameFi has a “Play-to-Earn” model. This concept is in the form of providing financial incentives to players who regularly play and advance to certain stages in the game. Thus gamers can earn full income by playing the game.

Unlike most of today’s traditional online games which run on a “Play-to-Win” model wherever players have to buy to get upgrades or special in-game items.

One of the leading online game developers preparing GameFi is a subsidiary of Netmarble Corp, Netmarble F&C.

They recently partnered with Binance, the world’s leading provider of blockchain ecosystem and crypto infrastructure.

Bincance’s strategic partnership with Netmarble is to build a global Play to Earn (P2E) and NFT ecosystem. The signing of the Memorandum of Understanding (MoU) for this strategic partnership was carried out on February 10, 2022. This was reported by the Korea JoongAng Daily.

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