Netmarble, a South Korean online<a href="https://www.cryptoknowmics.com/news/ubisoft-becomes-first-major-gaming-company-to-roll-out-in-game-nfts/"> gaming company,</a> has revealed plans to release a dozen new games based on blockchain and metaverse technologies. 

In a press conference,  Bang Jun-hyuk, the billionaire founder and chairman of Netmarble, said: 
<blockquote>"The blockchain-based games made by Netmarble will integrate the enjoyment of games, along with intangible assets through NFT, and I believe that the gaming industry will grow even bigger than it is now.” </blockquote>
Bang, 53, revealed that Netmarble is set to launch 20 new games, with blockchain technology accounting for roughly 70% of them. One of the new games, A3: Still Alive, is a <a href="https://www.cryptoknowmics.com/news/top-play-to-earn-gaming-projects-to-watch-in-2022/">play-to-earn</a> game that allows gamers to utilize bitcoin to monetize intangible in-game assets like weapons. A3: Still Alive will be Netmarble's first play-to-earn game, and it will be out in March.

According to Bang, the majority of the 20 new games are geared towards gamers overseas. In Korea, play-to-earn games are prohibited because officials are concerned that they may encourage youth to become addicted to<a href="https://www.cryptoknowmics.com/news/the-reserve-bank-of-australia-advises-aussies-against-gambling-on-fad-driven-cryptocurrencies/"> gambling</a>.

The Korean Game Rating And Administration Committee said: 
<blockquote>“If an in-game system allows users to exchange items with paid goods, there may be a chance of speculation, where the game may fall into the 'age 18+' classification, and not available for the youth under 18.”</blockquote>

Korean Gaming Giant Netmarble to Launch 20 New Games

Netmarble, a South Korean online gaming company, has revealed plans to release a dozen new games based on blockchain and metaverse technologies. 

Yash completed his graduation in b.tech (Computer Science ). Yash is passionate about applications of blockchain technology. Yash believes use of blockchain technology can transform our lives at a large scale. Yash daily reads articles, research reports and also  documentation of different protocols. Yash listen to podcasts to know the view of industry experts.

Korean Gaming Giant Netmarble to Launch 20 New Games

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