NEAR Protocol has inked a strategic memorandum of understanding (MOU) with METABORA, <a href="https://www.playkakaogames.com">Kakao Games'</a> web3 gaming initiative affiliate, to collaboratively develop Web3 games based on global IP and partner in brand awareness initiatives. The partnership aims to build the NEAR Protocol game and content ecosystem based on NEAR Korea Hub, with a focus on the Korean game market.

According to the terms of the agreement, NEAR and METABORA will work together to discover a global IP-based Web3 joint business, improve the overall liquidity of the blockchain ecosystem through cross-chain, raise brand awareness, promote global marketing through events, and build an active support system for raising brand awareness and strengthening core networks.

METABORA SG's Chief Business Officer, Vincent Lim, <a href="https://www.koreaherald.com/view.php?ud=20230306000801">commented</a>, "We look forward to expanding the BORA ecosystem in the Web3 market through a partnership with NEAR Protocol, which is currently active in both Korean and global markets. Also, we will strengthen our competitiveness by focusing on creating synergy based on technical collaboration."

Since its inception in November last year, NEAR Korea Hub has been progressively broadening its horizons in the Korean game industry by developing the NEAR ecosystem, with an emphasis on the game and content sectors. "The partnership with METABORA SG is our first major win - and a big step forward for NEAR as it accelerates its ambition to become the go-to layer 1 for the Web3 gaming community," remarked Robbie Lim, NEAR's GM, Partners and International.

The Korea Hub will continue to work with gaming firms, with the partnership with Metabora Singapore serving as a springboard. It will also completely help the game industry in expanding its business areas in Web3 cross-chain game onboarding and NFT models based on good IP.

The NEAR Protocol is a high-performance blockchain that is supposed to be super quick, incredibly secure, and infinitely scalable. It has received recognition for its technical capabilities and has drawn investment from renowned investors including a16z, Coinbase Ventures, Multi Coin Capital, and Hashed. NEAR Protocol also oversees a $800 million ecosystem fund to improve the NEAR ecosystem.

NEAR Protocol's partnership with METABORA SG signals the future of gaming on the blockchain.

METABORA and NEAR Protocol to Develop Web3 Games Based on Global IP

NEAR Protocol's partnership with METABORA SG signals the future of gaming on the blockchain.

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