#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 Arbitrum to date. The funding will be used to support Lotte Group's metaverse gaming platform, Caliverse, making it a key blockchain infrastructure provider for Arbitrum. 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 and experience media content and shopping experiences from numerous major brands. This collaboration signifies a renewed interest from traditional companies in building blockchain-based virtual worlds and demonstrates the growing popularity of the Arbitrum blockchain in the gaming platform space.
Ace Hot Topic Analysis
Analysis
Lotte Group has secured a massive grant from the Arbitrum Foundation, the largest grant awarded by Arbitrum to date. The grant will help Lotte Group build its metaverse gaming platform, Caliverse, on the Arbitrum blockchain and make it a major blockchain infrastructure provider for Arbitrum. Lotte Group is a multi-billion dollar conglomerate in South Korea 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 means blockchain users will be able to use cryptocurrencies to pay for certain services, in-game transaction systems can start operating on-chain, and so on. This signals a renewed interest from traditional companies in building blockchain-based virtual worlds and could potentially drive further development of the metaverse concept.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Lotte Group has received a significant grant from the Arbitrum Foundation, the largest to date, signaling renewed interest from traditional companies in building blockchain-based virtual worlds.
Lotte Group will use Arbitrum's technology to build its metaverse platform Caliverse, providing users with a smoother virtual world experience and supporting cryptocurrency payments and in-game transactions.
Arbitrum's blockchain technology offers high performance and low latency, making it an ideal choice for gaming platforms and driving the growth of the Arbitrum ecosystem.
The partnership between Lotte Group and Arbitrum will drive the development of the metaverse and provide new possibilities for traditional businesses to enter the Web3.0 space.