Krafton Labs, the makers of the famous battle royale game Battlegrounds Mobile India (BGMI), announced on Wednesday the signing of a commercial deal with Solana Labs to facilitate blockchain-based gaming. For the uninitiated, Solana is a decentralized blockchain that is far more efficient than Bitcoin, Ethereum, or any other blockchain.
According to a report published by the Solana Foundation, one transaction on the Solana blockchain network uses less energy than two Google searches and 24 times less energy than charging a phone. Solana, which was created by Anatoly Yakovenko, works on a decentralized computer network that uses the blockchain ledger. The startup claims to be the world’s fastest blockchain and boasts of its capacity to validate 65,000 transactions per second for less than a penny each.
“Krafton will continuously see ways to work closely with blockchain companies like Solana Labs as we stride towards establishing our Web 3.0 ecosystem,” said Hyungchul Park, Lead of Web 3.0 Roundtable at KRAFTON, Inc. “As one of the best global high-performance blockchain with strength in high speed and low fees, Solana represents the best of the Web 3.0 ecosystem and its technologies. Through this collaboration, KRAFTON will acquire the insight needed to accelerate its investment in and output of blockchain-based experiences,” he further added.
According to a press release, Krafton and Solana Labs are preparing to form a long-term partnership for the creation and management of blockchain- and NFT-based games and services. The two firms will work together on the marketing and design of blockchain games and other blockchain innovations, as well as collaborative investment prospects.
“We are seeing gamers increasingly seek out on-chain games,” said Johnny Lee, Head of Games Business Development at Solana Labs.
Last month, the firm declared its intention to enter the web 3.0 and NFT markets, leveraging its BGMI game creation and operations capabilities. Since then, the business has announced investments and partnerships with partners in the NFT, metaverse, and blockchain industries, including Seoul Auction Blue, XX Blue, and NAVER Z. (Zepeto).