PlayDapp Launches NFT Marketplace For Korea’s Multi-Billion Dollar Game Sector
PlayDapp Launches NFT Marketplace For Korea’s Multi-Billion Dollar Game Sector
June 9, 2020
PlayDapp Launches NFT Marketplace For Korea’s Multi-Billion Dollar Game Sector
PlayDapp Launches NFT Marketplace For Korea’s Multi-Billion Dollar Game Sector
June 9, 2020

PlayDapp, a Korean blockchain gaming company, has launched a native NFT marketplace for Korea’s multi-billion-dollar game sector.

On June 8, it has been reported that the new platform, ‘PlayDapp MarketPLAce,’ advertises itself as providing free support for coin-to-coin trading between NFT-based in-game items.

However, Koh Kwang-Wook, the founding member and former CTO of Item Bay, an early online brokerage platform for in-game items, led the development of PlayDapp’s marketplace. 

At the launch, the platform supports items from CryptoDozer and DozerBird, the two Ethereum-powered collecting games.

It has been analyzed that CryptoDozer has generated $610 worth of trade over 2,132 weekly transactions, while DozerBird represented less than $12 in volume over 277 transactions.

Likewise, Korea’s game industry is the fourth-largest industry globally, representing 14.3 million KRW ($12.1 billion) in 2018.

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Thus, Korea’s gaming sector has grown at an average annual rate of more than seven percent over the past decade.

Source: Cointelegraph | Image: Pixabay


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Ishita Bora

Ishita Bora is a Senior Content Creator at Digital Notice Media Labs with an experience of 1 year. She has completed her Master's Degree in Language and Linguistics in 2019 from Gauhati University, India. Her interest lies in blockchain technology and cryptocurrency space. She loves writing about blockchain and other blockchain-related articles.