South Korean giant Lotte Group announced the transition to Arbitrum blockchain to enhance its Caliverse metaverse platform. The move was announced at CES 2025.
Lotte Group and Arbitrum: A New Level of Partnership
At CES 2025, it was announced that Lotte Group had chosen Ethereum's layer-2 network, Arbitrum, for its Caliverse platform. Steven Goldfeder, CEO of Offchain Labs, pointed out that Arbitrum blockchain provides high-quality performance for virtual worlds and gaming applications. This partnership will solidify Arbitrum's role as the main blockchain infrastructure for Caliverse.
Features of the Caliverse Platform
The Caliverse platform, developed in collaboration with major gaming industry players such as Epic Games and utilizing Unreal Engine 5 technology, offers unique opportunities to users. These include virtual shopping with real-world product delivery, K-Pop and electronic music concerts featuring NMIXX and DJ ALOK, and gaming events. Integration with Arbitrum will also add support for cryptocurrency payments.
Future Development and Crypto Prospects
Collaboration with Arbitrum opens up new horizons for the development of Caliverse. Lotte Group is also expected to receive the largest-ever ARB token grant from the Arbitrum Foundation. These funds will help support innovations within the metaverse and broader cryptocurrency integrations. Additionally, Arbitrum continues to strengthen its position in the Web3 market, which could lead to a closer integration of games and services into blockchain.
Lotte Group's transition to Arbitrum could mark a significant step forward in the development of the Caliverse metaverse, offering enhanced capabilities and experiences for users, and opening new pathways for cryptocurrency technology integration.
