The first Korean GameFi Dapp that converts any game into P2E is set to arrive in South East Asia
May 17, 2022
[This unedited press release is made available courtesy of Game Developer and its partnership with notable game PR-related resource Games Press]
Author: Blue Baikal
SEOUL, Korea – May 14, 2022 - In an announcement made on the 12th, Blue Baikal CEO Hoon Jang announced the signing of a strategic partnership agreement with a Southeast Asian blockchain game developer, Storica.
As a result of this partnership, Blue Baikal will be able to enter the Southeast Asian P2E game market, starting with Vietnam. Storica will provide business insights and strategies.
"Alchemist Republic, the first Korean GameFi platform capable of converting non-blockchain games into P2E, will definitely scale on a global market", Hoon added. "Storica is an organization that has extensive experience in the local market, and we are looking forward to receiving support in a variety of ways."
It is not an easy task for a Korean company to expand into Southeast Asia, but we will pass on the vast amount of knowledge we have gained in SEA, such as Vietnam and India, and will make our future endeavors successful together." said Luke, CEO of Storica.
Blue Baikal is operating the P2E game platform Alchemist Republic under a contract with Goboogi Entertainment, a blockchain technology development company. Currently, AFK Battle: Idle Princess published on Google Play and App Store is waiting to be released on Alchemist Republic shortly, while 'The Quester' developed by nQuest is next to be integrated with the platform.
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About Blue Baikal
The global gaming market is massive and is expected to keep growing in the coming years. The high purchasing power of loyal gamers played a significant role in advancing this industry and is still driving the growth. However, psychological rewards alone in lieu of practical economic benefit lead to fatigue and discontent which may hurt the very people who helped grow the market. Play-to-Earn creates new economic values in games by mutually Benefiting both gamers and developers. GameFi, a new win-win platform model, eliminates the harmful effects of excessive charging and provides a new revenue stream for gamers — to foster sustainable market growth.
https://bluebaikal.io/en/index.html
https://alchemist-republic.com
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