NEAR Foundation and METABORA SG Sign Strategic Memorandum of Understanding with Kakao Games
On March 6, the NEAR Foundation and the Web3 game project METABORA SINGAPORE (hereinafter referred to as METABORA SG) under Kakao Games signed a strategic memo…
On March 6, the NEAR Foundation and the Web3 game project METABORA SINGAPORE (hereinafter referred to as METABORA SG) under Kakao Games signed a strategic memorandum of understanding.
NEAR Foundation and METABORA SG, a Web3 game owned by Kakao Games
Interpretation of the news:
The NEAR Foundation and METABORA Singapore (METABORA SG) signed a strategic memorandum of understanding on March 6, in collaboration with Kakao Games. This agreement reflects a shared vision of creating a decentralized gaming platform that promotes interoperability, scalability, and mass adoption.
The NEAR Foundation is a nonprofit dedicated to building a scalable and decentralized blockchain infrastructure that enables developers to create dynamic applications. METABORA SG is a web3 game project that specializes in building blockchain-based games that combine blockchain technology with traditional gaming. Kakao Games is a South Korean gaming company that has been around since 2006 and operates a number of popular mobile and PC games.
Under the strategic MOU signed by NEAR, METABORA SG, and Kakao Games, the goal is to create a decentralized gaming platform that leverages the strengths of each entity. Specifically, the platform would take advantage of the NEAR blockchain’s scalability and interoperability capabilities, as well as Kakao Game’s position as a leader in the global gaming industry. The METABORA SG would contribute its expertise in building blockchain-based games that combine gaming and blockchain technologies.
This decentralized gaming platform would help bring Web3 gaming to the masses, providing game developers with a new platform to build and deploy games. By leveraging the NEAR blockchain, the platform would allow for fast and secure transactions, while also promoting interoperability by allowing developers to build on multiple blockchains.
In conclusion, the strategic memorandum of understanding between NEAR Foundation, METABORA SG, and Kakao Games marks a significant development in the Web3 gaming industry. The agreement demonstrates the potential for blockchain technology to revolutionize the gaming industry, providing greater interoperability, scalability, and mass adoption. The collaboration between these three entities is expected to create a decentralized gaming platform that would help bring Web3 gaming mainstream.
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