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.
