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Glee becomes Sui’s validator
Japanese social game giant GREE, Inc. announced on the 22nd that it has signed a memorandum of understanding on a strategic partnership with Mysten Labs, the developer of the Layer1 blockchain “Sui”.
With this partnership, Singapore-based BLRD PTE LTD., a 100% owned subsidiary of GREE, will begin validating Sui. Furthermore, regarding the development of Web3 games using IP (intellectual property) in Japan, we plan to accelerate our efforts in “Sui”.
What is a validator
A validator is an approver, and has a role such as verifying transaction history, and rewards are given in virtual currency when the role is fulfilled.
Cryptocurrency Glossary
Mysten Labs was founded in 2021 by members of the former Meta (formerly Facebook) blockchain R&D team and the lead engineer of the programming language Move.
Developed by Mysten Labs, “Sui” is a blockchain based on the “Proof of Stake (PoS)” mechanism. The horizontally scalable structure enables high transaction processing capacity and low fees. In addition, it also has the ability to define assets with diverse characteristics on-chain, providing a more user-friendly environment for developers and creators.
connection:Sui Blockchain Mainnet Launches New Listing of Tokens
Mr. Eiji Araki, senior executive officer of GREE and president of BLRD, expressed his conviction that Web3 is a technology that will open up the next era. evaluated as a step.
Gree was founded in 2004 with the mission of “making the world a better place through the Internet.” Since then, we have consistently sought to utilize the latest technology in our business, and through partnerships with various companies, we have pursued delivering the best entertainment to people around the world.
“By combining Mysten Labs’ overwhelming knowledge of the three Web domains with our company’s past experience in the entertainment domain, we aim to deliver completely new entertainment to the world.
Evan Cheng, co-founder and CEO of Mysten Labs, also said:
“Sui will be the perfect partner for GREE, which has an unparalleled track record in entertainment fields such as games, anime, and the Metaverse, and has created a large number of content using well-known IPs. We are really looking forward to bringing great new content to “Sui” in the future with the conclusion of this strategic partnership.
connection:Ava Labs launches Web3 game support program “Avalanche Arcad3” with Gree and gumi
Glee’s Web3 Deployment
In September of last year, GREE announced its development of blockchain games and entry into the Web3 business through its wholly-owned subsidiary REALITY (Tokyo). We are investing in and collaborating with many promising Web3 projects, including token investment in Oasys, a game-specific blockchain project with the theme of “Blockchain for Games.”
Earlier this month, GREE launched a Web3 game development support program, Avalanche Arcad3, together with Ava Labs, developer of the high-speed blockchain Avalanche, and gumi, a game company. Arcad3 was established with the purpose of helping traditional Web2 game companies to newly enter the Web3 game area, and is not limited to Avalanche, but Web3 games across the blockchain compatible with the Ethereum Virtual Machine (EVM). looking into development.
Mr. Eiji Araki also serves as President and Representative Director of REALITY Co., Ltd. It has been decided that he will speak at WebX, which is scheduled to be held on July 25th and 26th, as a senior executive officer of Gree, Inc.
connection:Web3 conference “WebX”, Liberal Democratic Party policy chief Koichi Hagiuda to take the stage
The post Gree Partners with Mysten Labs, Plans to Join Sui as Validator and Develop Web3 Game appeared first on Our Bitcoin News.
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