Lotte Group, an enormous 5 conglomerate in South Korea, mentioned at CES 2025 that it has picked the Arbitrum blockchain for its Lotte Caliverse.
The Lotte Caliverse might be an AI-driven 3D leisure expertise on the blockchain. Arbitrum has been a in style selection as a Layer 2 Ethereum blockchain due to its flexibility, and this deal will deliver quite a lot of manufacturers to a metaverse-like expertise.
With over 90 companies in retail, chemical substances, lodges, monetary companies, meals, and extra, Lotte Caliverse options manufacturers reminiscent of Givenchy, MCM, L’Occitane, contemporary, 7-Eleven, and Tomorrowland, alongside its subsidiary manufacturers reminiscent of Lotte Obligation-Free, Lotte HiMart, and Lotte Cinema.
A next-generation digital world enabled by Epic Video games’ Unreal Engine 5, Lotte Caliverse is providing customers a first-of-its-kind leisure expertise.
Customers can store at digital shops reminiscent of Givenchy and MCM and obtain objects in the actual world, attend Ok-Pop and Digital music concert events that includes superstars like NMIXX and DJ ALOK, and luxuriate in music levels developed with Tomorrowland, one of many world’s largest digital dance music festivals. Customers can even dive into varied video games, from dance battles with pals to the newly introduced “Caliverse: Invasion” the place they fend off aliens. Sooner or later, customers will have the ability to create their very own video games on the platform.
“Along with essentially the most trusted blockchain Arbitrum, we’re excited to take our first steps into the world of blockchain with Lotte Caliverse, the place we are going to leverage Lotte’s profitable historical past in retail to supply distinctive services to over 40 million folks,” mentioned Kima Kim, CEO of Caliverse, in an announcement. “Our imaginative and prescient is to form the way forward for retail and leisure experiences for customers, by combining the most effective components of real-life interactions with new alternatives onchain. The recipiency of the most important grant to this point for Arbitrum marks step one in constructing out a sustainable creator financial system that options next-gen commerce, UGC, gaming, and leisure.”
Lotte and Arbitrum need to push the boundaries of the digital world expertise with Lotte Caliverse. At CES, Lotte Caliverse revealed its newest 3D applied sciences, together with an app that allows customers to expertise 3D visuals with out the necessity for glasses. Moreover, real-time 3D Chroma Key AI know-how delivers immersive gameplay in Lotte Caliverse.
In 2024, Arbitrum’s Gaming ecosystem noticed a 72% year-over-year progress, internet hosting 119 sport titles and 23 gaming-focused proprietary Orbit chains. By becoming a member of Arbitrum’s huge ecosystem, Lotte Caliverse stands to learn tremendously from the community results.
“Arbitrum’s blockchain is the perfect house floor for Lotte Caliverse, delivering industry-leading 250ms block instances that guarantee high-quality efficiency inside digital worlds and gaming experiences,” mentioned Steven Goldfeder, CEO at Offchain Labs, the builders of Arbitrum know-how, in an announcement. “With Arbitrum now powering Lotte Caliverse, in-game transactions might be seamlessly built-in on-chain and can get rid of transaction latency, offering customers with a clean, consumer-friendly expertise that units a brand new customary for Arbitrum-based interactions in digital worlds.”
“We’re happy to announce our new alliance with Lotte, a number one cross-border firm in Korea and Japan. Their daring determination to combine blockchain know-how into Lotte Caliverse showcases their dedication to innovation, and we’re proud that they’ve chosen Arbitrum to drive this subsequent section of their journey,” mentioned John Park, Head of Korea at The Arbitrum Basis.
Final month, Arbitrum established an alliance with gaming big Ubisoft to streamline the gaming experiences throughout the Web3 ecosystem. This alliance with Lotte provides to this momentum, uniting considered one of Asia’s largest conglomerates with Arbitrum’s blockchain infrastructure.
Customers can begin exploring Lotte Caliverse at present by downloading the sport at https://caliverse.io/. The 3D movie and app options are set to launch within the first half of 2025. Lotte Group was based in 1948, with its headquarters in each Japan and South Korea. It operates in 30 nations.
