ChainCatcher news, according to NFT Gators, tactical competitive shooting sandbox game "PUBG" developer KRAFTON and South Korean internet giant Naver's metaverse division Naver Z will establish a new joint venture in North America. The two companies will invest 48 billion Korean won (approximately 36.4 million USD) into the new North American entity. KRAFTON will hold 85% of the joint venture, while NAVER Z will own the remaining 15%.It is reported that KRAFTON and Naver Z are jointly developing a new metaverse experience called "Migaloo," which has been in development since last year and is scheduled to launch by the end of 2023. Migaloo plans to adopt a create-to-earn (C2E) model, allowing creators to develop and sell content (as NFTs) on the platform. (source link)