#Lotte Group Receives Massive Funding#
Hot Topic Overview
Overview
Lotte Group has secured a massive grant from the Arbitrum Foundation, marking the largest grant awarded by the foundation to date. The funding will be used to support Lotte Group's metaverse gaming platform, Caliverse, making it a key infrastructure provider on the Arbitrum blockchain. Lotte Group is one of South Korea's largest conglomerates, boasting a vast portfolio of shopping malls, media companies, and entertainment assets. Caliverse is Lotte Group's platform for exploring emerging technology trends like AI, VR, and crypto, where users can explore virtual worlds, experience media content from numerous major brands, and engage in future shopping experiences. The integration with Arbitrum will enable Caliverse users to use cryptocurrency for certain services and allow systems like in-game transactions to operate on-chain. This signifies a renewed interest from traditional companies in building blockchain-based virtual worlds and foreshadows a resurgence of the metaverse concept.
Ace Hot Topic Analysis
Analysis
Lotte Group has secured a massive grant from the Arbitrum Foundation, marking the largest grant awarded by Arbitrum to date. The funding will be used to support Lotte Group's metaverse gaming platform, Caliverse, making it a major blockchain infrastructure provider for Arbitrum. Lotte Group is a multi-billion dollar South Korean conglomerate known for its vast shopping malls, media companies, and entertainment portfolio. Caliverse serves as Lotte Group's testing ground for emerging technology trends like AI, VR, and crypto, where users can explore virtual worlds with diverse media content and future shopping experiences. The integration with Arbitrum means blockchain users will be able to use cryptocurrencies to pay for certain services, and in-game transaction systems can begin operating on-chain. This signifies a renewed interest from traditional companies in building blockchain-based virtual worlds and highlights Arbitrum's leading position in the gaming platform space.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Rakuten Group has received the largest grant from the Arbitrum Foundation to date, signaling renewed interest from traditional companies in building blockchain-based virtual worlds.
Rakuten Group's metaverse platform, Caliverse, will use Arbitrum as its primary blockchain infrastructure, enabling users to pay for certain services using cryptocurrency and allowing systems like in-game transactions to operate on-chain.
Arbitrum's blockchain provides industry-leading 250-millisecond block times for gaming platforms, ensuring high-quality performance in virtual worlds and gaming experiences.
The partnership between Rakuten Group and Arbitrum will provide users with a seamless, consumer-friendly experience, setting a new standard for virtual world interactions built on Arbitrum.