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PlayDapp Launches NFT Marketplace For Korea’s Multi-Billion Dollar Game Sector

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.

With NFT set to take over gaming, a growing number of companies are launching marketplaces for in-game tokens — Cointelegraph (@Cointelegraph) June 8, 2020

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.

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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