City Labs Establishes 'MetaBlock'... "Creating a Blockchain-Based P2E Ecosystem"

[Asia Economy Reporter Hyunseok Yoo] City Labs announced on the 27th that it has established a 100% subsidiary, 'MetaBlock,' aiming to create a blockchain-based P2E ecosystem. Through MetaBlock, the company plans to initiate the pre-ecosystem development for P2E business promotion, including coin issuance, jointly developed with game companies.

MetaBlock was launched as a technology-intensive subsidiary sharing the blockchain technology and know-how possessed by its parent company, City Labs, with the purpose of developing a blockchain platform suitable for P2E. Since establishing a virtuous cycle structure between the platform and token ecosystem is a key point of the business, the strategy is to create a more detailed P2E ecosystem centered on development and planning capabilities.

The company plans to complete coin issuance and exchange listing primarily in the first quarter of next year. It has succeeded in internalizing blockchain technology verified through several years of public projects (SOC). Since the overall project planning is already outlined, it is expected that the business preparation period can be advanced significantly.

Jo Youngjoong, CEO of City Labs, stated, “Among the various elements that must be independently established before proceeding with the P2E business, creating a visionary coin ecosystem is the most important part. Since we are targeting the global market, rather than simply approaching the P2E system through in-game mission completion, our goal is to design an ecosystem where all users can accept tokens as digital assets by considering virtuous cycle structures of tokens from more multifaceted perspectives.”

This content was produced with the assistance of AI translation services.