#Lotte Group Receives Massive Funding#
Hot Topic Overview
Overview
Rakuten Group has secured a massive grant from the Arbitrum Foundation, becoming the largest recipient of funding from the foundation to date. The grant will be used to support Rakuten's metaverse gaming platform, Caliverse, making it a key infrastructure provider for the Arbitrum blockchain. Caliverse aims to integrate emerging technologies such as artificial intelligence, virtual reality, and crypto to provide users with immersive shopping and entertainment experiences. The partnership between Rakuten and Arbitrum signals a renewed interest from traditional companies in building blockchain-based virtual worlds and could potentially drive further adoption of the Arbitrum blockchain in the gaming space.
Ace Hot Topic Analysis
Analysis
Lotte Group has secured a massive grant from the Arbitrum Foundation, 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 major infrastructure provider for the Arbitrum blockchain. Lotte Group is a multi-billion dollar South Korean conglomerate known for its vast shopping malls, media companies, and entertainment portfolio. Caliverse is Lotte Group's playground for experimenting with 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 will enable Caliverse users to use cryptocurrency to pay for certain services, and in-game transaction systems will also begin to operate on-chain. This signals a renewed interest from traditional companies in building blockchain-based virtual worlds and could propel the Arbitrum blockchain's growth in the gaming space. The Arbitrum blockchain has become a popular choice for gaming platforms, and the network's gaming business is expected to grow 72% year-over-year by 2024.
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Public Sentiment
Discussion Word Cloud
Classic Views
Rakuten Group has secured the largest-ever grant from the Arbitrum Foundation, signaling renewed interest from traditional companies in building blockchain-based virtual worlds.
Rakuten Group will use the funds to build its Caliverse metaverse gaming platform on the Arbitrum blockchain, offering a smoother consumer experience.
The Arbitrum blockchain has become a popular choice for gaming platforms, and this grant will further fuel the growth of the Arbitrum ecosystem.
The partnership between Rakuten Group and Arbitrum will facilitate the integration of features like cryptocurrency payments and in-game transactions within Caliverse.