Lotte Group Expands Caliverse Metaverse Platform via Arbitrum

user avatar

by Giorgi Kostiuk

2 years ago

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.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Grayscale Appoints BitGo as Custodian for Hyperliquid Staking ETF

Grayscale has appointed BitGo Bank Trust as an additional custodian for its Hyperliquid Staking ETF to enhance custody services and operational flexibility.

user avatarAndrew Smith

Avalanche Sees Surge in Tokenized US Treasury Assets

The value of tokenized US Treasury assets on the Avalanche network has surged to approximately $545 million, marking a fourfold increase over the past year.

user avatarJacob Williams

Metaplanet Shows Liquidity Management with Strategic Bitcoin Transactions

Metaplanet sold 10,000 BTC for approximately $790 million and bought back 11,000 BTC for around $950 million, demonstrating its ability to manage liquidity effectively.

user avatarSon Min-ho

Navra Secures $19 Million in Series A Funding to Bridge Traditional Finance and Blockchain

Navra, a startup led by Mike Cagney, has successfully raised $19 million in Series A funding to enhance access to blockchain-based financial markets for traditional investors.

user avatarZainab Kamara

Arbitrum Proposes Strategic Initiative for USDG Stablecoin

Arbitrum has proposed a governance initiative to back USDG as a core strategic stablecoin within its ecosystem, including adding 100 million ARB to enhance liquidity and adoption.

user avatarTando Nkube

BitGo and HashKey Cloud Expand Partnership in Asia-Pacific

BitGo and HashKey Cloud have expanded their partnership to cover multiple areas of institutional crypto infrastructure, including staking, trading, custody, and asset tokenization in Singapore.

user avatarAyman Ben Youssef

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.