Klaytn to soon Launch game-oriented Klaybay NFT marketplace

Klaytn, a public blockchain run by South Korean internet giant Kakao, aims to launch a beta version of a game-focused "Klaybay NFT marketplace" by the end of this month.

Jun 28, 2022
by Anvi Saini
Klaytn to soon Launch game-oriented  Klaybay NFT marketplace

Klaybay NFT marketplace will accept digital token transactions for Klaytn-based games. The marketplace will also ease the exchange of NFTs issued by big local game producers such as Netmarble and Neowiz Games, which are developing games on the Klaytn blockchain.

Klaybay NFT marketplace: What will the platform offer?

Apart from the above-mentioned features, the Klaybay NFT marketplace will also launch an NFT minting service, "Mystery Boxes," on Klaybay. This service will allow gamers to mint probability-based gaming NFTs without programming via three methods. The approaches include simply entering the number of items necessary, the number of items to be assigned for each gaming level, and the possibility of winning an item at each level.

Furthermore, the company intends to increase transparency in the mechanisms underlying the creation of probability-based gaming NFTs, which have been plagued by frauds and other unfair deals in the past.

Last week, Klaytn established cooperation with OpenSea, the world's largest NFT marketplace, in order to speed the growth and adoption of NFTs throughout Asia.

The company also announced a strategic partnership with NFTb, a digital ownership platform. The partnership aims to drive the rapid growth of metaverse and GameFi projects on the Klaytn blockchain by providing full-stack NFTb platform solutions.

Basically, NFTb is developing a user-centric platform that is tailored to users' familiar Web2 UI. The native integration into the Klaytn chain will provide the Klaytn community access to all of NFTb’s native features - Launchpad, DeFi Platform, and NFT Marketplace. Additionally, NFTb and Klaytn will set up an incubation and grants program to provide comprehensive support for early-stage metaverse and GameFi projects.

Klaytn is a public blockchain focused on the metaverse, gamefi, and the creator economy. Officially launched in June 2019, it is the dominant blockchain platform in South Korea and is now undergoing global business expansion from its international base in Singapore, led by the Klaytn Foundation.

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