South Korean regulator is wary of NFT-based games
Cointelegraph
Published Sep 22, 2020 07:34PM ET
Updated Sep 22, 2020 09:20PM ET
The South Korean blockchain gaming industry is concerned regulators are looking unfavorably on non-fungible token based games, after the Game Rating and Administration Committee (GRAC) postponed an application for the NTF-based Five Stars on September 22.
According to iNews24, the watchdog decided to hold off from issuing a rating for Five Stars, a game developed by South Korean tech giant, Kakao. The company is well-known for its recent ventures in the local crypto industry.
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Written By: Cointelegraph
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