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Tag: South Korean Gaming Firms

South Korean Gaming Firms Looking to Emulate Axie Infinity P2E Crypto Gaming Success
Cryptocurrency

South Korean Gaming Firms Looking to Emulate Axie Infinity P2E Crypto Gaming Success

South Korean gaming giants wish to create a slice from the more and more lucrative play-to-earn (P2E) crypto gaming cake - with heavyweight Neowiz set to decrease a brand new crypto golf gaming title. As reported, South Korean gaming regulators have effectively blocked the domestic discharge of crypto- and blockchain-themed games that utilize NFTs as well as in-game currencies that may be traded on crypto exchanges. The country has among the strictest teams of gambling laws and regulations in Asia, and views crypto gaming to become a type of speculative activity or gambling. That stance might change under President-Elect Yoon Suk-yeol, who'll take power in May. Yoon has guaranteed to promote domestic crypto- and NFT-related business in Columbia, but can be if he comes good on his man...