Lotte Group Leverages Arbitrum’s Power for Caliverse Metaverse Expansion

South Korea’s Lotte Group, a global conglomerate, has received a significant developer grant from Arbitrum, a leading layer-2 scaling solution for Ethereum. This substantial investment will fuel the development of Caliverse, Lotte’s ambitious metaverse gaming platform featuring AI-powered virtual worlds.

The partnership marks a major milestone for both Arbitrum and Lotte. By integrating Arbitrum’s technology, Caliverse aims to enhance its platform’s scalability, transaction speed, and overall user experience. This will be crucial as Caliverse expands its offerings and user base. The grant underscores Arbitrum’s commitment to supporting innovative projects pushing the boundaries of the metaverse and the power of blockchain technology within immersive digital experiences.

This strategic collaboration signals a significant step forward in the adoption of blockchain technology by major corporations in Asia, and highlights the growing importance of layer-2 solutions for the future of metaverse development.