The rise of the Metaverse has been nothing short of breath-taking, and gaming has been at the forefront of this technological revolution. The gaming Metaverse has exploded in popularity recently, encompassing virtual worlds where players interact, create, and even monetize their experiences. With the rise in dominance, several blockchain firms are taking steps to expand their offerings in this sector. In a recent announcement, the Klaytn Governance Council has welcomed Another World, a robust Web3 Metaverse platform, into its fold.
Klaytn Expands Its Web3 Gaming Ecosystem With Another World
This exciting partnership will see both entities work together to strengthen and expand the Klaytn ecosystem through various initiatives. As a leading Metaverse platform on Klaytn, Another World aims to make Klaytn the go-to blockchain for all Metaverse applications. The partnership between the Klaytn Governance Council and Another World consists of three main components:
- Utilizing GC block rewards for ecosystem growth: Another World will harness the GC block rewards to grow and develop the Klaytn ecosystem. By introducing a decentralized finance (DeFi) model that emphasizes the importance of KLAY deflation, the partnership aims to encourage holding KLAY tokens by using the GC block rewards and the native AWM token. This innovative approach will provide new opportunities for Klaytn ecosystem participants, creating a mutually beneficial environment for all.
- Developing sub-projects with KLAY and metaverse resources: Another significant aspect of the partnership is the development of various sub-projects that leverage KLAY tokens and Another World’s metaverse resources and gaming experience. As a member of the Governance Council, Another World is committed to continually building sub-projects that benefit the entire Klaytn ecosystem. These projects will provide more utilities for KLAY tokens, adding value for ecosystem participants and driving the adoption of Klaytn in the gaming and metaverse sectors.
- Pioneering Klaytn as the metaverse blockchain for all: Lastly, as a leading metaverse platform on Klaytn, Another World will spearhead efforts to position Klaytn as the metaverse blockchain for all by providing a virtual space that can be utilized by the entire ecosystem. This development will open doors for businesses, developers, and users alike, allowing them to access and interact with the metaverse in unprecedented ways. The adoption of Klaytn by Another World signals a future where a seamless, decentralized, and interconnected metaverse can be a reality for all.
Klaytn GC Adds Multiple Blockchain Projects
This partnership between the Klaytn Governance Council and Another World marks a significant milestone in the evolution of the Klaytn gaming ecosystem. The collaboration will foster innovation by providing new opportunities for game developers and businesses to leverage the Klaytn blockchain and Another World’s Metaverse resources.
Klaytn, the popular blockchain platform, is witnessing a surge of interest from crypto-first organizations as it moves toward transparent and verifiable on-chain governance. Following the recent announcement of Governance Council (GC) changes, Klaytn has welcomed two new members: Kommune DAO and CREDER-ITCEN. These organizations represent the community DAO, Metaverse, and real-world asset sectors, respectively, and are expected to further diversify and strengthen the Klaytn ecosystem.
This development comes after the Klaytn Foundation ceded decision-making authority for GC membership applications in April, following the approval of Klaytn Governance Proposal 7 (KGP-7). Future GC members will now be onboarded through on-chain voting, marking a significant step toward decentralization.
The guidelines for the election and removal of GC members will soon be published on Klaytn Square, the platform’s community forum. As Klaytn embraces its new governance model, it is expected that additional organizations from various sectors will join the ranks of the Governance Council, broadening the scope and reach of the Klaytn blockchain platform.