Game developer HanbitSoft jumps into cryptocurrency market with new platform

By Lim Chang-won Posted : January 8, 2018, 13:00 Updated : January 8, 2018, 13:00

[Ethereum]


SEOUL, Jan. 08 (Aju News) --  South Korea's computer game developer, HanbitSoft, jumped into the cryptocurrency market, saying it would seek initial coin offering abroad this year with a new blockchain platform.

HanbitSoft said Monday that it has selected Metapsplus as a business partner for initial coin offering (ICO) through its global network. Metapsplus uses AI and big data to maximize app revenue and optimize campaign performance. ICO is a means of crowdfunding centered around cryptocurrency, which can be a source of capital for startup companies.

HanbitSoft, known for its flagship game Tantra Online, specializes in the distribution of massively multiplayer online roleplaying games (MMORPGs) to Eastern Asian countries.

HanbitSoft aims to develop a rewarding blockchain platform for coins that can be used not only in its online game Audition but the games of partners. Pre-sales and ICO are planned in March to attract investments worth about 100,000 Ethereum, an open-source, public, blockchain-based distributed computing platform.

"It is the first time to launch a blockchain in consideration of linking an existing popular game from the planning stage," HanbitSoft CEO Kim Yu-ra said, predicting a great synergy.

Metapsplus CEO Kim Seun-gyeon was upbeat saying ERC20 and ERC721 tokens would be used at the same time as a symbolic ICO. "Many experts predict that there will be a new revenue model in 2018 due to the synergy between block-chain platforms and mobile games."

ERC20, used for Ethereum smart contracts, defines a common list of rules that an Ethereum token has to implement. This token protocol became popular with crowdfunding companies via ICO. ERC721 tokens can be used in any exchange, but it is nonfungible.





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