Gamevil, a South Korean mobile gaming software developer, has acquired blockchain technology company Zenaad and plans to develop its blockchain-based gaming platform.
Gamevil announced yesterday that with the acquisition of Zenaad, it has entered the final stages of building its blockchain ecosystem. Zenaad’s technical staff has been integrated into Gamevil’s development team – the company is focusing on its newly acquired blockchain know-how to create non-fungible token exchange (NFT) e-wallets and develop an HIVE blockchain-based advertising solution for its global gaming platform.
The Gamevil HIVE platform is moving to an open blockchain-based gaming platform to improve the environment for blockchain-based game development companies and to simplify the NFT trading and exchange process. Gamevil’s Markenplace NFT is slated to launch in the first half of 2022.
Meanwhile, blockchain-based games that reward users with cashable NFTs are banned in South Korea due to possible propaganda of speculative behavior. A spokesman for the country’s gaming committee said last week that the ban would not be lifted until changes were made to the gambling law.