[Asia Economy Reporter Hyunseok Yoo] Barunson is showing strong performance. News that it is promoting metaverse-related businesses appears to be influencing its stock price.
As of 10:20 AM on the 6th, Barunson was trading at 3,310 KRW, up 15.73% (450 KRW) compared to the previous trading day.
Barunson is collaborating with blockchain technology company WayToBit and global game developer Gala Lab to develop blockchain-based metaverse services.
WayToBit is responsible for developing and supporting blockchain non-fungible token (NFT) technology usable within the metaverse service. In March of this year, WayToBit launched the global online game service platform ‘PlayToBit,’ offering a total of 11 games worldwide.
Barunson develops and implements the virtual world that forms the background of the metaverse service and operates the related infrastructure. It is also building an economic system where the Bora token can be used as currency within the metaverse. Barunson previously participated in creating virtual worlds within the virtual reality blockchain metaverse platform ‘Decentraland.’
Gala Lab is producing various content that users can enjoy within the metaverse based on the MMORPG game IPs ‘PRIF’ and ‘Lapels,’ which are currently globally serviced, and is responsible for service operation.
Kang Shin-beom, CEO of Barunson, stated, "Barunson already provided metaverse services domestically through ‘Second Life’ in 2007," adding, "We plan to offer a play space that surpasses real-world experiences."
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