Arbitrum Plans Integration with Lotte Group’s Metaverse Platform Caliverse
Arbitrum, the leading layer-2 network on Ethereum, is exploring a partnership with South Korea's Lotte Group to serve as the primary blockchain infrastructure for Lotte's metaverse gaming platform, Caliverse.
Key points include:
- A financial agreement is under negotiation between Arbitrum and Lotte.
- Initial reports indicated Lotte received a significant grant of $ARB tokens, but this was later retracted by the Arbitrum Foundation, clarifying that no deal has been finalized.
- The collaboration may revive interest from traditional companies in blockchain-based virtual environments.
- Caliverse allows users to engage with various media content and shopping experiences, incorporating technologies like AI, VR, and crypto payments.
- Arbitrum has seen a 72% year-over-year growth in gaming as of 2024, hosting 119 game titles and 23 gaming-focused blockchains via its Arbitrum Orbit toolkit.
- The integration aims to enhance user experience with fast block times of 250ms, facilitating seamless interactions within virtual worlds.
This potential partnership highlights the ongoing evolution of the metaverse concept and its applications in real-world business contexts.