Lotte Group, a South Korean conglomerate, is bringing its AI-powered entertainment platform, Caliverse, to the Arbitrum layer-2 network. This integration allows users to pay for services with cryptocurrency, marking a significant step for the metaverse project.
Lotte ’s Caliverse, an AI-driven entertainment experience, is coming to the layer-2 network, allowing web3 users to pay for services with crypto.South Korean conglomerate taps Arbitrum to integrate with web3 users. Arbitrum, the largest layer-2 network on top of Ethereum, has awarded its biggest-ever developer grant to Lotte Group, the multibillion-dollar South Korean conglomerate known for its vast portfolio of shopping malls, media companies and entertainment properties.
According to Offchain Labs, the developer behind Arbitrum, the grant cements Arbitrum as the main blockchain infrastructure provider for Caliverse, Lotte's metaverse gaming platform. Offchain Labs shared the news at CES 2025, the technology tradeshow happening this week in Las Vegas, Nevada. A representative for the company declined to disclose the exact size of the grant 'at this stage.' It was technically awarded by the non-profit Arbitrum Foundation, which periodically doles out grants in $ARB tokens to help spur development in the Arbitrum ecosystem. 'Lotte is Arbitrum Foundation's largest grant recipient to date. And we're proud to be working with partners so closely aligned with our vision,' said John Park, Head of Korea at The Arbitrum Foundation. Lotte's Arbitrum integration could signal renewed interest from traditional companies in building blockchain-based virtual worlds—the 'metaverse' concept that earned mainstream buzz a few years ago but has since become less top-of-mind for many technologists and investors. Lotte first showedCaliverse is mainly a venue where the South Korean megacompany experiments with emerging tech trends like artificial intelligence, virtual reality and crypto. Caliverse users can explore virtual worlds featuring differing kinds of media content and futuristic shopping experiences. The app currently features content from a grab-bag of big brands, ranging from 7-Eleven to the Tomorrowland music festiva
LOTTE CALIVERSE ARBITRUM METAVERSE CRYPTOCURRENCY
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