Turak and Twin Korea Sign Memorandum of Understanding for Metaverse Development

Starting Point for Metaverse Advancement, Launch of Proprietary Coin and NFT Business
Promotion of Issuing Independent Game and Animation Coin 'Turak Coin'

[Asia Economy Reporter Hyungsoo Park] IP-based multi-content production company Turak is entering the metaverse and non-fungible token (NFT) business in collaboration with Twin Korea, a nationwide metaverse-based virtual real estate platform. Turak is independently promoting the issuance of coins, which form the foundation of IP-based businesses such as games, animations, and figure businesses.

On the 10th, Turak announced that it signed an MOU for the development of 3D content to advance Twin Korea's metaverse platform.

Through this business agreement, both companies will proceed with 3D modeling of components within the Twin Korea space. Turak will develop 3D characters and pet avatars based on its owned IP. Using Turak's art concept, buildings existing in real spaces will be library-ized and modularized to be implemented in the metaverse space.

Turak will develop the metaverse space to secure capabilities for building metaverse platforms, while independently developing Turak Coin, game coins, and NFTs based on games and animations developed from its own IP. Turak Coin will serve as the 'mother coin' for Turak's NFT business and will be exchangeable with game coins earned within games.

Turak owns various game IPs such as ▲Audity Festival ▲Machina Knights Blood Vagos ▲Audity Dance Fighter ▲Machina Knights Silent Guardian. The independently issued coins will be applied to 'Hack and Slash' and 'Strategy Simulation (SLG)' genres in 'P2E (Play to Earn)' games that include economic elements.

Turak is also conducting an NFT business utilizing character IP. The feasibility review for commercializing NFTs with owned IPs Audity Girls and Machina Knights has already been completed. Due to high character scalability, it is expected that various NFT product configurations will be possible.

A Turak representative said, "Based on Turak's character development experience, we will carry out 3D modeling work to expand Twin Korea into a metaverse player space," adding, "By independently issuing coins and NFTs, Turak's multi-content-based NFT business will be fully launched."

Turak, a company specializing in character, game, and animation development, holds various contents based on Audity Girls and Machina Knights IPs. The SNS animation of Audity Girls will be broadcast in the first quarter. The Audity Girls animation will be sold as some NFTs, and the animation NFTs will also be compatible with the Audity Girls game.

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