South Korean developer Krafton and AR company Naver Z have invested $36M in a new metaverse called Migaloo.

 

South Korean developer Krafton and AR company Naver Z have invested $36M in a new metaverse called Migaloo.    Migaloo aims to be a creator-centric platform that utilizes blockchain technology to enable creators to earn a fair share of the value generated by their work. The platform will use a "Create to Earn" (C2E) model that rewards creators for their work. Migaloo will have three main areas: a mobile social platform, a 3D interactive content world, and a creator platform. Krafton will be in charge of program development and the development of sandbox tools and blockchain systems. Naver Z will be in charge of service planning and securing partnerships. Migaloo will enable users to interact with each other in a virtual environment, creating a new type of social experience that is not possible in the physical world.

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