Lotte Caliverse to Use Arbitrum Blockchain for Immersive Gaming | Airdrop Alert Pro

Ethereum Layer 2 Network Decide Partnering with South Korea’s Lotte Group to expand its virtual universe ambitions.

In its largest ever developer grant, the Arbitrum Foundation has selected Rakuten to drive blockchain development for Rakuten’s Metaverse gaming platform Caliverse.

Lotte Group receives funding from Arbitrum

Rakuten Caliverse will be an artificial intelligence-driven 3D entertainment experience on the blockchain. This announcement was published on CES 2025 In Las Vegas, Nevada, Offchain Labs, the developer behind Arbitrum, confirmed the grant but did not disclose its exact value.

Notably, the grant was issued in the form of Arbitrum’s native token, receptor blockers. This is standard practice for the Arbitrum Foundation and is designed to promote growth throughout the ecosystem.

“Rakuten is the Arbitrum Foundation’s largest grant recipient to date. We are proud to work with a partner that is closely aligned with our vision,” said John Park, Head of Arbitrum Foundation Korea.

Lotte will make its first foray into the virtual universe in 2022, first announcement Last year, it formed a partnership with Arbitrum. The decision to integrate Arbitrum’s blockchain into Caliverse marks an important step in building a bridge between traditional business and emerging blockchain technology.

Caliverse is a playground for new technology trends, including AIvirtual reality and cryptocurrency. Users of the platform can explore immersive virtual worlds, participate in futuristic shopping experiences, and interact with branded content from global giants such as 7-Eleven and Tomorrowland.

Caliverse users will soon be able to make crypto payments for services through an integration with Arbitrum. On the other hand, in-game transactions will utilize on-chain systems. Therefore, this collaboration may reignite corporate interest in Metaverse ventures. While the concept reached its peak of popularity a few years ago, it has struggled to maintain momentum.

“Arbitrum’s blockchain is the ideal home for Lotte Caliverse, delivering industry-leading 250 millisecond block times, ensuring high-quality performance in virtual worlds and gaming experiences. With Arbitrum now powering Lotte Caliverse, in-game transactions will Seamless integration on-chain, eliminating latency and providing users with a smooth, consumer-friendly experience,” commented Steven Goldfeder, CEO of Offchain Labs.

While Rakuten’s funding marks a milestone, the Arbitrum Foundation has a history of supporting innovative projects. January 11, 2024 Foundation awards grant to AOFverseanother platform focused on the Metaverse.

AOFverse’s initiatives aim to enhance the on-chain Metaverse experience. Taken together, these developments are indicative of Arbitrum’s broader strategy to dominate blockchain-based virtual environments.

Arbitrum has always been a popular choice Layer-2 Ethereum Blockchain Because of its flexibility. Its position in the gaming space has strengthened significantly, with the network set to grow 72% year-on-year by 2024.

According to Offchain Labs, Arbitrum currently hosts 119 games and 23 gaming-centric blockchains through its Arbitrum Orbit stack. The toolkit enables developers to build custom blockchains using Arbitrum’s technology.

The collaboration between Blockchain and Rakuten combines the efficiency of blockchain with Rakuten’s entertainment and retail expertise, paving the way for a new era of virtual interaction. For Arbitrum, the partnership solidifies its position as the blockchain infrastructure of choice for gaming and Metaverse platforms, with the deal designed to introduce Metaverse-like experiences to brands.

Despite the announcement, ARB’s price has fallen nearly 10% since the start of trading on Wednesday. According to BeInCrypto data, it is currently trading at $0.827.