One of Japan’s largest online gaming and media companies has announced the upcoming release of what would be its first web3 game.
With the growth of the web3 arena and the collective of virtual worlds called Metaverses, games based on web3 technology continue to gain popularity, attracting many companies and users across the industry worldwide.
GREE is a company with a long history in the field of video games and media, as expressed by its previous collaborations with giants such as Square Enix, the creator of the renowned Final Fantasy saga. Other major collaborations include Sega, Konami, Bandai, Naruto, among many others.
In this case, BLRD , which is a subsidiary of the company Gree, has entered into an alliance with Ava Labs, the blockchain developer Ava Labsthe blockchain developer Avalanche (AVAX), for the launch of its first Web3 game in 2023.
This news has been made known through a publication on the social network Twitter by the company Ava Labs, by which they announced that the giant Gree is one of the new main investors of Avalanche, incorporating the AVAX cryptocurrency in its balance sheet. The addition of cryptocurrencies to its inventory is as a consequence of one of the clauses of the agreement, as well as having become a new validating node of the network. Currently, BLRD runs more than 12 validator nodes on the Avalanche blockchain.
This is how this development becomes a very favorable point for the entire crypto and web3 ecosystem, as Gree is one of the largest companies listed on the Japanese Stock Exchange.
In this regard, the team has stated that Ava Labs will contribute to the growth of the BLRD subsidiary in blockchain games, providing technical, commercial, marketing and ecosystem support.
BLRD has plans to have a place in the web3 sector to provide users with new immersive experiences in video games, leveraging new technologies, cryptoassets and NFTs in particular.
Eiji Araki, the director of BLRD, expressed his enthusiasm for the great potential offered by the Avalanche blockchain and its entire ecosystem. In this opportunity, they are going to offer a novel game, in which players will be able to enjoy it for many years to come.
In turn, Ed Chang, head of games at Ava Labs, said that his company has all the tools to enable Gree to lead the web gaming sector3.
In addition to helping BLRD, they also announced that Ava Labs and the Avalanche Foundation are looking to contribute to the company in other projects, such as a series of investments with Blizzard, which would be a u$s 200 million fund, with the aim of accelerating the growth, development and innovation of the Avalanche ecosystem.
BLRD was established effective July 1, 2022, to promote web3 businesses. It also promotes blockchain game validation and development operations, leveraging the expertise possessed by the Gree group.
For its part, Avalanche is one of the fastest smart contract platforms in the blockchain industry, and has the highest security of validators, which is the core activity of any proof of stake protocol. It is also very fast, low-cost and environmentally friendly.
Ava Labs is a team that facilitates the launch of DeFi (Decentralized Finance) applications on Avalance. They facilitate the digitization and tokenization of all types of assets in the world, on an open and programmable blockchain platform.
Written by Luciano Garriga (TW:@luchogarriga) for NFT Express