Wemade joins hands with Dubai Chambers to expand Web3 and gaming endeavors in Middle East

BPMG launches competition platform GemPION for Web3 gamersBPMG, a South Korean Web3 platform developer, revealed the launch of GemPION. This platform, operated under BPMG’s gaming arm GemHUB and developed in collaboration with blockchain network Everscale, is designed specifically for competitive gaming. It offers users of its integrated games the opportunity to engage in tournament competitions or partake in various missions.Photo by Andrey Metelev on UnsplashDiverse competitive formatsOn the GemPION platform, gamers have the opportunity to participate in various competitive formats such as single-elimination tournaments, battle royales, or leaderboard challenges. The platform features both free-to-enter and paid competitions, with the latter offering larger prize pools. To maintain and increase user engagement, each game hosted on GemPION provides a variety of competitions, either through seasonal events or on an ongoing, all-year-round basis.Launch eventsIn celebration of its official launch, GemPION is organizing a series of events. From Nov. 18 to Dec. 16, a selection of games on GemHUB, including Number Shoot, Jelly Snake, Find Bird, Push Push Cat and Mayan Cryptex, will be highlighted in tournament competitions. These tournaments are set to occur every Saturday and feature a total prize pool of $3,500.The platform is offering 1,000 tickets for complimentary access to paid tournaments. These tickets are available on a first-come, first-served basis and can be obtained by users who apply the promotion code. Furthermore, users who invite friends to join the platform, either by completing certain missions or through the use of referral links, will receive additional incentives.GemPION is also preparing to launch more games, including Heroes9 with NFT, Jewel Dungeon Quest and Farm Raid Mission.Cha Ji-hoon, CEO of BPMG, stated that GemPION is a gaming system designed to elevate the immersive experience of users and increase their engagement. He highlighted that the system utilizes technology that is not only applicable to Web3 games but also to conventional games. Cha further shared his vision for GemPION, expressing his aspiration to broaden the gaming ecosystem. He plans to do this by introducing seasonal events and country-specific competitions, which will feature even larger prize pools.

Sejong Telecom and Hyosung TNS to Collaborate on Real Estate Security TokensSejong Telecom said Tuesday that it has signed a business deal with Hyosung TNS, the infrastructure and finance arm of South Korean conglomerate Hyosung Group, to boost the profitability of its real estate investment service BBRIC and collaborate in security token offering (STO) services.Photo by Tierra Mallorca on UnsplashIntegrated servicesUnder the deal, Sejong Telecom will integrate the BBRIC platform into NFTtown — Hyosung TNS’ portal service dedicated to providing information, news, and educational content on non-fungible tokens (NFTs). BBRIC aims to expand its user base and modes of marketing by promoting its investment products, events, and services within NFTtown’s fractional real estate investment channel.Furthermore, users can conduct their transactions in a secure and convenient manner through BBRIC without paying intermediary fees. This promotion strategy is expected to ultimately increase profitability, BBRIC said.“Through this deal, we will create an ecosystem where anyone can readily find and compare information on fractional investments and invest accordingly,” said Park Hyo-jin, Head of Sejong Telecom’s blockchain division. “BBRIC will diversify its promotional and sales channels to create real estate financial investment products that are not only stable and reliable but also accessible to a wide range of customers.”Hyosung TNS’ venturesHyosung TNS is a leading player in the automated teller machine (ATM) market both in Korea and overseas. It operates in 46 countries, supplying a variety of financial automation solutions. NFTtown is part of the company’s blockchain endeavors, through which it plans to provide information about various security tokens, including real estate.

Krafton and Naver Z Unveil a Metaverse Joint Venture ‘Overdare’Krafton, the developer behind the popular shooter game PlayerUnknown’s Battlegrounds (PUBG), made an announcement on Thursday regarding its collaboration with augmented reality company Naver Z for a metaverse platform project. The official name of their joint venture has been revealed as “Overdare.” Furthermore, its forthcoming metaverse service, previously referred to as Migaloo, will also be rebranded under the name Overdare.Photo by Tima Miroshnichenko on PexelsInvestment breakdownThe total investment in the joint venture amounts to KRW 48 billion (approximately $36 million), with Krafton’s anticipated purchase price standing at KRW 40.8 billion and Naver Z’s expected purchase price at KRW 7.2 billion. Following the acquisition, Krafton will hold an 85% stake in the joint venture, while Naver Z will possess the remaining 15%.Meaning behind ‘Overdare’The company has chosen the English word Overdare to convey two meanings–“dare too much” and “over there,” which has a phonetic resemblance. Through this name, the joint venture aspires to establish itself as a pioneer in the realm of interactive user-generated content (UGC) platforms. Simultaneously, its service aims to provide a place where users can freely and fearlessly express themselves.As a mobile UGC platform, Overdare offers users the ability to craft games of diverse genres, including action RPGs, sports games, and shooting games. Leveraging the power of generative artificial intelligence and the advanced capabilities of Unreal Engine 5, a renowned video game engine, the platform facilitates the streamlined creation of top-notch content. Beyond game development, users can immerse themselves in a wide array of social activities, ranging from personalizing their avatars to engaging in lively conversations.C2E systemOverdare has adopted a create-to-earn (C2E) system within the metaverse, empowering creators to produce their own content, which users can then purchase and own. The trading of these creations is facilitated through non-fungible tokens (NFTs) and blockchain technology. Every transaction that takes place within the metaverse is recorded on the blockchain, and creators are duly compensated based on these transaction records. This system enhances the transparency of transactions and settlements.Compensation in USDCIn pursuit of this vision, Overdare has selected Settlus, a Cosmos-based blockchain developed by Krafton’s subsidiary of the same name, as its mainnet. Settlus has been dedicated to licensing creators’ intellectual property through NFTs on Web2 platforms. As part of this ecosystem, creators have the flexibility to receive compensation in USDC, the US dollar-pegged stablecoin issued by crypto company Circle.Overdare has its sights set on a soft launch of its service in December, followed by the official global release planned for the first half of next year.