The Web3 metaverse game platform planned by Krafton, the parent company of PlayerUnknown’s Battlegrounds, is tentatively named Migaloo and is expected to be launched this year.
According to an announcement this week, Krafton and South Korean augmented reality company Naver Z have created a joint venture in North America and committed $36.8 million to the development of Migaloo.
Under the arrangement, Krafton will own 85% of the joint venture, while Naver Z will hold the remaining 15%.