{"id":27237,"date":"2022-11-09T15:28:31","date_gmt":"2022-11-09T09:58:31","guid":{"rendered":"https:\/\/coinswitch.co\/switch\/?p=27237"},"modified":"2022-11-09T15:28:31","modified_gmt":"2022-11-09T09:58:31","slug":"ncsoft-partners-with-web-3-firm-to-launch-blockchain-games","status":"publish","type":"post","link":"https:\/\/coinswitch.co\/switch\/news\/ncsoft-partners-with-web-3-firm-to-launch-blockchain-games\/","title":{"rendered":"NCSoft partners with Web 3 firm to launch blockchain games"},"content":{"rendered":"

In what looks like an attempt to bring more blockchain games into the mix, South Korean gaming company NCSoft has joined hands with Mysten Labs, a Web 3.0 firm. For the unversed, Mysten Labs is the brain behind Sui, a layer-1 blockchain meant for creators.<\/p>\n

NCSoft has put in $15 million in Mysten Labs. The investment is part of the $300 million funding gig, planned by Mysten Labs in September. However, it is important to note that NCSoft investment isn\u2019t a direct approach to launch Blockchain games at a clip.<\/p>\n

Instead, the $15 million investment will focus on developing the Sui blockchain further, primarily for leveling the playing field for all other Web 3.0 games. The partnership shows that despite the bear market, funders have been bullish on blockchain game<\/a>s.<\/p>\n

More about NCSoft and Mysten Labs<\/h2>\n

If you have played games like Guild Wars and Lineage, it is likely that you would have heard about NCSoft. The company has been developing and launching popular online games since 1997. However, this is only the second instance when the company has moved towards Web 3.0 exposure, especially by investing in an infrastructure development firm \u2014 Mysten Labs.<\/p>\n

Yet, this isn\u2019t NCSoft\u2019s first Web 3.0 rodeo. In November 2021<\/a>, the company announced the introduction of NFT-based blockchain games in 2022, with a Play-to-Earn model<\/a> at its core.<\/p>\n

Why Sui?<\/h2>\n

NCSoft\u2019s latest investment in Mysten Labs might aim at furthering the 2021 plan. And more than Mysten Labs, the investment concerns Sui \u2014 a blockchain that was developed keeping low costs and improved creator incentivization in mind.<\/p>\n

What\u2019s important is that Sui\u2019s object-oriented architecture and scalability make it a great choice for building densely populated blockchain games. Most importantly, with Sui, the user experience associated with Blockchain games will improve, something that has previously attracted a lot of flak.<\/p>\n

Dr. Songyee Yoon, CSO at NCSoft, believes<\/a> that blockchain technology can build novel experiences and the partnership with Mysten is one step close to achieving the same, not to mention distributed player\/ creator economy and improved community building.<\/p>\n","protected":false},"excerpt":{"rendered":"

In what looks like an attempt to bring more blockchain games into the mix, South Korean gaming company NCSoft has joined hands with Mysten Labs, a Web 3.0 firm. For the unversed, Mysten Labs is the brain behind Sui, a layer-1 blockchain meant for creators. NCSoft has put in $15 million in Mysten Labs. The […]<\/p>\n","protected":false},"author":76,"featured_media":27238,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_ayudawp_aiss_exclude":false,"footnotes":""},"categories":[7701],"tags":[6467,6536],"class_list":["post-27237","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-crypto","tag-news"],"acf":{"json_ld_schema":"\n[{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"@id\":\"https:\/\/coinswitch.co\/switch\/us-stocks\/wall-street-jottings\/#FAQPage\",\"headline\":\"Wall Street jottings: A personal, guided tour to investing in US stocks\",\"keywords\":\"Personal Guide, US Investing, \",\"datePublished\":\"2022-07-22T13:28:55+05:30\",\"dateModified\":\"2022-09-19T19:04:28+05:30\",\"dateCreated\":\"2022-07-22T13:28:55+05:30\",\"author\":{\"@type\":\"Person\",\"name\":\"Ananda Banerjee\",\"description\":\"Ananda Banerjee is a creative copywriter at heart, a technical writer by profession, and a multifarious Web 3.0 creator in his leisure time. An ever-curious crypto connoisseur, he believes endless reading and purposeful learning are the keys to written and verbal specificity.\",\"url\":\"https:\/\/coinswitch.co\/switch\/author\/ananda-banerjee\/\",\"sameAs\":[\"A_B_boying\",\"https:\/\/www.linkedin.com\/in\/ananda-banerjee\"],\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/acf35d8cc57009e7786c2fbd6b587f8d?s=96&d=mm&r=g\",\"height\":96,\"width\":96}},\"image\":[{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/coinswitch.co\/switch\/us-stocks\/wall-street-jottings\/#primaryimage\",\"url\":\"https:\/\/coinswitch.co\/switch\/wp-content\/uploads\/2022\/07\/Wall-Street-Jottings.jpg\",\"width\":\"1800\",\"height\":\"1080\"},{\"@type\":\"ImageObject\",\"url\":\"https:\/\/coinswitch.co\/switch\/wp-content\/uploads\/2022\/07\/Wall-Street-Jottings-1200x900.jpg\",\"width\":\"1200\",\"height\":\"900\"},{\"@type\":\"ImageObject\",\"url\":\"https:\/\/coinswitch.co\/switch\/wp-content\/uploads\/2022\/07\/Wall-Street-Jottings-1200x675.jpg\",\"width\":\"1200\",\"height\":\"675\"}]}]\n","json_ld_custom_schema":"","youtube_vodeo_url":"","seo":{"title":"","keywords":"","description":"","canonical":""},"blog_banner_image":false,"blog_coin":false,"download_the_app":{"button_value":"","button_url":""},"twitter_card":{"twitter_title":"","twitter_description":"","twitter_link":""},"maturity_tag":"","post_author":false,"guest_author":false,"hide_toc":true,"select_disclaimer":"Article Default Disclaimer","key_takeways":false},"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/posts\/27237","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/users\/76"}],"replies":[{"embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/comments?post=27237"}],"version-history":[{"count":1,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/posts\/27237\/revisions"}],"predecessor-version":[{"id":27240,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/posts\/27237\/revisions\/27240"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/media\/27238"}],"wp:attachment":[{"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/media?parent=27237"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/categories?post=27237"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/tags?post=27237"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}