Enjin forms NFT alliance with South Korea’s GameTalkTalk

Enjin has formed an alliance with Ludena Protocol, the publisher of the social gaming platform GameTalkTalk. This is a move which could give a boost to non-fungible tokens (NFTs) in South Korea.

South Korea is the home of both enthusiastic gamers and NFT fans. NFTs collectibles have taken off along with cryptocurrencies like Bitcoin, as the NFTs use blockchain technology to uniquely identify digital objects so that you can verify authenticity and rarity. NFT assets grew from $40.9 million in 2018 to more than $338 million in 2020. This is according to Nonfungible.com, which tracks the market. And the market has further taken off in 2021 with Dapper Labs‘ NBA Top Shot, an NFT-based collectible platform that has surpassed $100 million in sales, five months after going public to a worldwide audience. Art and music NFTs have taken off as well.