Rakuten Wallet, Inc., an operator of a crypto asset exchange business, today announced that it has signed a Memorandum of Understanding with CALIVERSE Inc., a South Korean metaverse development company that belongs to the Lotte Group, to form a strategic partnership in the Web3 space.
The two companies will actively explore opportunities for collaboration and cooperation in Web3 services such as gaming, NFT sales, shopping and live artist events within the metaverse.
Rakuten Wallet, the crypto asset exchange arm of the Rakuten Group, offers spot and margin trading of crypto assets as both a crypto asset exchange operator and a financial instruments business operator. Since 2023, the company has gradually expanded into the Web3 space and plans to launch new Web3 services in 2024.
These services will feature integrated management of digital assets, including crypto assets and NFTs, through a smartphone app, connectivity to Web3-oriented services from other providers, and seamless integration with Rakuten Wallet’s existing crypto asset trading platform.
CALIVERSE Inc. is enhancing its collaboration with Web3 services centered around its metaverse platform, “CALIVERSE,” to create an immersive next-generation metaverse experience powered by a high-precision 3D engine. This advanced metaverse allows users to explore a virtual world that feels real, featuring detailed cityscapes with buildings and shops, customizable high-definition avatars, and dynamic K-POP concerts or EDM stages generated through real-time AI synthesis of live-action and graphics.
