SEOUL : South Korea's mobile and online game producers are luring players with services using non-fungible tokens , jumping on a trend the firms see as the future of the sector and sparking a sharp rally in their shares in recent weeks.
"It's not the blockchain technology that we are banning," an official at South Korea's Game Rating And Administration Committee told Reuters on condition of anonymity as she wasn't authorised to speak with the media. The game has attracted more than 1.3 million players overseas, sending the firm's share price skyrocketing more than 600per cent since the launch. Its market value has also shot by over 11 times to 6.6 trillion won to during the same period.Axie Infinity, an NFT game developed by a Vietnamese unicorn Sky Mavis, has attracted 1.8 million players worldwide, generating US$33 million in daily transactions as of August, according to the company.
Earlier this month, NCSoft Corp said it is readying release of a game that includes NFT and blockchain elements next year. Its shares jumped to the daily limit of 30per cent on Nov. 11 when the firm made the announcement.
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