News

Breaking: PUBG Developer Krafton Partners With Solana (SOL)

Published by
Breaking: PUBG Developer Krafton Partners With Solana (SOL)

Krafton, developer of the popular videogame PUBG, said it had signed a deal with Solana Labs to jointly develop blockchain and NFT-based games and services. The developer said it intended to leverage its game building capabilities in the web3 space.

The move marks growing the growing popularity of blockchain and play-to-earn (P2E) games, which has attracted interest from established developers in the crypto and videogame space.

Solana is the ninth-largest blockchain in the world by market capital, at nearly $30 billion. The blockchain allows developers to build highly scalable applications- a trait cited by Krafton as one of the motivators behind today’s deal.

South Korea-based Krafton had shot to success in 2017 on its wildly popular PUBG game, which is credited with popularizing the “battle royale” genre. The game is currently free to play, and features collectable cosmetics- a feature that is complementary to NFTs.

Advertisement

Krafton no stranger to web3

Krafton’s deal with Solana comes as an extension of the developer’s foray into web3 technology. The developer had foreshadowed its move into web3 earlier this year, and has since then invested in and collaborated with several firms in the space.

In February, Krafton said it had invested a combined $6.6 million in South Korean NFT marketplaces Seoul Auction Blue and XBYBLUE, and had also agreed to develop NFT projects with the two.

The company outlined plans to leverage NFT adoption in a planned massively multiplayer online role-playing game, along with the metaverse. It is building this metaverse through a collaboration with NAVER, operator of the metaverse ZEPETO.

Advertisement

P2E, Blockchain games attract investors

P2E games, which essentially reward players with tokens, have been growing in popularity this year, attracting major investors.

Earlier this week, FTX, the world’s third-largest crypto exchange, acquired P2E developer Good Luck Games to bolster its own gaming offerings. Good Luck Games is comprised of several veteran developers, and is currently working on a card-based auto battler called Storybook Brawl.

Established videogame developers including Zynga and Ubisoft have also expressed interest in moving into the space.

Advertisement
Share
Ambar Warrick

With more than five years of experience covering global financial markets, Ambar intends to leverage this knowledge towards the rapidly expanding world of crypto and DeFi. His interest lies chiefly in finding how geopolitical developments can impact crypto markets, and what that could mean for your bitcoin holdings. When he isn't trawling through the web for the latest breaking news, you can find him playing videogames or watching Seinfeld reruns. You can reach him at ambar@coingape.com

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • News

Michael Saylor’s Strategy Eyes S&P 500 Spot Amid Bitcoin-Backed Credit Products Launch

Michael Saylor’s Strategy is setting its sights on the S&P 500 as it pushes forward…

October 31, 2025
  • News

Bitcoin White Paper Turns 17 Today as Satoshi’s $120B Fortune Climbs $2.8 Billion

Seventeen years ago today, Satoshi Nakamoto emailed a nine-page document that changed the world. It…

October 31, 2025
  • News

Will Crypto Market Rebound or Crash Ahead as 10X Research Tips Shorting Ethereum?

Bitcoin, Ethereum, XRP, and other altcoins tumbled amid the latest crypto market crash. Over $1.2…

October 31, 2025
  • News

Sam Bankman-Fried Says FTX Was “Never Bankrupt,” Crypto Community Reacts

Sam Bankman-Fried (SBF) team on Friday revealed an estimated $136 billion in petition-date holdings of…

October 31, 2025
  • News

XRP ETF Coming This November 13 As Canary Capital Submits Updated S-1 By Removing Roadblocks

Asset manager Canary Capital has submitted an updated S-1 filing to bring its spot XRP…

October 31, 2025
  • News

Canary XRP ETF Filing Removes SEC Delay Clause, Targets November Launch

Canary Funds has filed an updated S-1 registration for its XRP spot exchange-traded fund (ETF).…

October 31, 2025