SEOUL — Unity Technologies, a video game software development company based in San Francisco, will provide technical support and advice for the creation of an expanded metaverse platform under a strategic partnership with a subsidiary of South Korea’s top mobile game developer, Netmarble.
The metaverse is a digital world, generated by the convergence of physical reality and virtual spaces where users can have hands-on experiences through avatars. Unity and Netmarble F&C will conduct technical cooperation necessary to implement “Metaverse World,” a blockchain-based platform that encompasses games, digital humans, entertainment, content, and commerce.
Netmarble F&C will introduce various projects that apply Unity’s engine and technology. “Metaverse World will be a blockchain-based expansive platform that has never been seen before,” Netmarble F&C co-CEO Seo Woo-won said in a statement on March 21.
Unity’s game engine is used to create virtual reality and augmented reality video games and other simulations. “Implementing a metaverse platform that encompasses games, digital humans and entertainment is a significant experience for Unity as well,” Unity Technologies Korea head Kim In-suk was quoted as saying.
Netmarble has made active investments to diversity its business scope into a global metaverse entertainment company through business ties with or the acquisition of other companies. In October 2021, the company signed a partnership with Kakao Entertainment, the entertainment wing of South Korea’s web service giant Kakao, to develop digital human technology.
In 2022, Netmarble F&C has acquired ITAM Games, a blockchain-based professional game company, and Bono Technologies, a virtual asset wallet service company. In February, the game developer signed a partnership with Binance, the world’s largest cryptocurrency exchange.
Netmarble F&C’s metaverse visual effects (VFX) laboratory will be completed in the first half of this year. It would be equipped with equipment for a metaverse world and digital human production, such as motion capture, chromakey, and full-body scanning. VFX is a process by which imagery is created or manipulated outside the context of a live-action shot in filmmaking and video production.