To launch the new Migaloo metaverse, South Korean developer KRAFTON has established a partnership with augmented reality startup NAVER Z. Both businesses will work together on the Migaloo Web3 metaverse gaming platform. KRAFTON will provide its knowledge in publishing and game creation, while NAVER Z will concentrate on strategy, establishing alliances, and acquisitions.
Chang-wook Kim, CEO of NAVER Z, said: "We will grow Migaloo as a new metaverse platform where creators can realize new values in an NFT-based ecosystem based on their own creations."
Although there is little information available about the project, the Migaloo metaverse may be similar to Roblox but with the added perks of digital NFTs. When Migaloo launches, it will leverage the create-to-earn (C2E) business model, which enables players to make in-game items and trade them for real money.
Migaloo is expected to debut before the end of 2023.
Collaborative C2E Metaverses
KRAFTON Partners with NAVER Z to Launch the Migaloo Metaverse
Trend Themes
1. Create-to-earn (C2E) Gaming - The Migaloo Web3 metaverse gaming platform will leverage the create-to-earn business model, presenting opportunities for disruption in the gaming industry.
2. Nft-based Ecosystems - The Migaloo metaverse will be based on an NFT ecosystem, presenting opportunities for disruptive innovation in the blockchain industry.
3. Collaborative Metaverses - The collaboration between KRAFTON and NAVER Z to develop the Migaloo metaverse presents opportunities for disruptive innovation in the augmented reality industry.
Industry Implications
1. Gaming - The launch of the Migaloo Web3 metaverse gaming platform presents opportunities for disruptive innovation in the gaming industry, particularly in the create-to-earn business model.
2. Blockchain - The Migaloo metaverse launching on an NFT-based ecosystem presents opportunities for disruptive innovation in the blockchain industry.
3. Augmented Reality - The collaboration between KRAFTON and NAVER Z to develop the Migaloo metaverse presents opportunities for disruptive innovation in the augmented reality industry.