Krafton Signs Blockchain and NFT Business Agreement with 'Solana'

[Asia Economy Reporter Kang Nahum] Krafton announced on the 23rd that it has signed a business agreement with the blockchain company ‘Solana’ for blockchain and non-fungible token (NFT) game services.

Through this agreement, the two companies have decided to establish a long-term cooperative relationship for the development and operation of NFT games and services based on the ‘Solana’ blockchain. They will collaborate on various blockchain technology-related areas including blockchain game marketing and design, and have also agreed on joint investment cooperation to explore investment opportunities in the blockchain sector together.

Solana is a decentralized blockchain designed to enable scalable and user-friendly app development. It is one of the world’s leading high-performance blockchains, providing predictable scaling solutions without compromising security or composability.

Solana’s performance is driven by a single ‘global state’ capable of processing tens of thousands of smart contracts at once, and a decentralized clock called ‘Proof of History’ that offers low latency and finality in under one second.

A Krafton representative said, "Through this collaboration, we plan to acquire insights and know-how related to integrating blockchain into games to accelerate our business development."

Meanwhile, Krafton officially announced its entry into the Web 3.0 and NFT business through a regular internal communication program on January 27. Since then, it has continued collaborations and investments with various partners in NFT, metaverse, and blockchain fields, including Seoul Auction Blue, Xverse Blue, and Naver Z (Zepeto).