Posted on 05/30/2018 9:50:15 AM PDT by 2ndDivisionVet
When South Korea rode the cryptocurrency wave in 2017 to become one of the world's largest markets for Ether and Bitcoin, it was clear the craze was here to stay. The country’s leading companies and even the government threw their investments behind blockchain, the technology underlying digital tokens that promised to revolutionize everything from information distribution to logistics processes.
The country’s tech and gaming leaders like Nexon, Smilegate, Netmarble and NHN Entertainment took a special liking to the technology, pinning hopes on blockchain to create new business models for their companies in one of the world's fiercest gaming markets. Nexon has made the second-highest investment in cryptocurrencies in the country at $11.5 billion, behind telecom company SKT, according to Korea Exchange.
“Gaming companies want to adopt tech for a simple purpose--to raise income or revenue using game characters,” Han Ho-hyun, professor at Kyung Hee University said....
(Excerpt) Read more at forbes.com ...
The slogans write themselves...
“Gambling in South Korea: Even Our Currency Says WON”
My guess is that crypto-currency translates better into gaming currency.
And given what countries (including the US) are doing to their currencies, gaming currency might be holding its value better...
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