Kakao Games is looking to dive deeper into the play-to-earn cesspool, it appears. The publisher has reportedly invested an undisclosed amount into Korean studio Redlab Games, which is working on a “worldwide” play-to-earn mobile MMORPG codenamed Project R.
Redlab Games was reportedly founded last year by the same person who held executive positions at Smilegate, Neowiz, and Blue Potion Games, while Project R is being built on the Unity engine and is designed for mobile according to job listings.
The investment from Kakao has the caveat that Project R must release on the Bora Portal platform – the same P2E games platform that XLGames’ ArcheWorld game is landing on and a platform that Kakao is also an investor in.
Perfect Ten: MMOs that have fallen to the dark side of cryptocurrency
Lawful Neutral: How is an NFT MMO even supposed to work?
Vague Patch Notes: NFTs in gaming are a bad, dumb idea
Vague Patch Notes: Why play-to-earn is a garbage idea
Vague Patch Notes: The metaverse doesn’t exist and isn’t a good idea either
GDC 2022: Control, revenue, scarcity, ethics, and the human challenges of the gaming ‘metaverse’
Vague Patch Notes: No, Little Orbit has not solved the MMO blockchain problem
source: MMO Culture
