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...