Netmarble F&C signs NFT MOU with Binance

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Netmarble F&C signs NFT MOU with Binance

Netmarble F&C has signed an agreement with Binance to develop gaming non-fungible tokens (NFTs).  
Netmarble F&C, a game developer 84.69 percent owned by Netmarble, announced Thursday it signed a memorandum of understanding with Binance.
The game company is behind popular games such as The Seven Deadly Sins: Grand Cross and Blade & Soul Revolution.
Binance was originally based in China and was forced to leave due to regulatory issues. It has since been operating from the Cayman Islands and Malta and has been the subject of regulatory scrutiny in the United States, Japan, Britain and the EU. The Binance Korea exchange is shut.

The announcement of the deal was from Singapore.
Under the terms of the MOU, Netmarble F&C will be able to sell initial game offerings — paid early access to in-game assets before a game is developed — and NFTs related to its games on the Binance NFT marketplace.  
The first NFT offerings will be related to Golden Bros, a casual shooting game set to be released in the first half of the year.  
Netmarble hopes to use more blockchain in its offerings. The company said in January it will actively seek business opportunities in blockchain and the metaverse.  
"We plan to offer various blockchain-based content with Binance, a company that has the world's best infrastructure and technological capabilities," said Seo Woo-won, CEO of Netmarble F&C.  

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