The Lotte Group of South Korea is expanding its AI-piloted metaverse platform, Lotte Caliverse, by utilizing the Ethereum layer 2 network Arbitrum. This partnership aims to enhance the performance of digital worlds and gaming experiences.
Lotte and Arbitrum Partnership
At CES 2025, the CEO of Arbitrum developer, Steven Goldfeder, announced that Arbitrum's blockchain, with its 250ms block times, is the ideal platform for Caliverse. This will enable high-quality performance in digital worlds and gaming experiences. Arbitrum promises to offer users an ideal and consumer-friendly experience, setting a new standard for interactivity in digital worlds.
Caliverse Platform Updates
Created in partnership with gaming industry giants such as Epic Games, using technologies including Unreal Engine 5, Caliverse offers a metaverse platform featuring digital shopping with real-world product deliveries and new gaming experiences such as the recently announced 'Caliverse: Invasion.' The platform emphasizes brands from Lotte Group's extensive portfolio and globally recognized names, offering a user experience with crypto payments through integration with Arbitrum. Lotte is anticipated to receive the largest-ever grant in ARB tokens from the Arbitrum Foundation.
Lotte's Blockchain Integration History
Historically, Lotte Group has explored blockchain technologies, having unveiled its metaverse development plans at CES a year ago. In 2023, the company partnered with Ethereum sidechain Polygon to expand its NFT initiatives. Arbitrum has also established its position in the Web3 gaming space by introducing Captain Laserhawk: The G.A.M.E. last December and launching a $215 million funding program to support game developers.
The partnership between Lotte Group and Arbitrum strengthens the positions of both companies in the metaverse and blockchain sphere, opening up new possibilities for digital and gaming innovation.
