Sewon ENC and YGBS Promote NFT Metaverse Platform

[Asia Economy Reporter Hyungsoo Park] Sewon ENC is partnering with blockchain development company YGBS to develop non-fungible tokens (NFTs) and metaverse games.

On the 16th, Sewon ENC announced that it signed a business agreement with YGBS to collaborate on the NFT business and will promote the ‘NFT Metaverse Platform’ project.

Through the agreement, both companies agreed to mutually cooperate to promote, develop, and operate new businesses such as metaverse and blockchain-based NFTs. They will build blockchain and P2E (Play-to-Earn) services and conduct academic exchanges in related fields including metaverse technology development.

YGBS is a developer of blockchain-utilized NFT platforms and metaverse platforms integrated with augmented reality (AR). They have developed NFT exchanges and blockchain-based music copyright distribution platforms.

Sewon ENC is currently developing the sandbox game ‘Metaverse Project’ (tentative title) and the blockchain-based P2E game ‘Space W’ (tentative title). They plan to accelerate development in the NFT and metaverse fields in cooperation with YGBS.

A Sewon ENC representative stated, "We plan to establish a long-term joint cooperation system and utilize blockchain technology in various games under development. By cooperating both online and offline, we will support various resources and spaces owned by both companies and develop the relationship to expand activities to overseas markets."