City Labs 子 Metablock signs a business agreement with ‘Pala’, the largest NFT exchange in Korea

City Labs announced on the 18th that its subsidiary Metablock has signed a comprehensive business agreement (MOU) with Pala, the largest NFT (Non-Fungible Token) exchange in Korea.

Through this agreement, the two companies provide diversified support for the establishment and expansion of NFT projects for games of various genres around the world that are produced using the IP (intellectual property rights) of the global P2E game 'COVENANT CHILD' developed by Metablock. and seek ways to cooperate.

First of all, we plan to create an environment where users can trade NFTs between content users developed by Metablock. Metablock, which has previously completed the global final CBT for Covenant Child, plans to open an NFT marketplace dedicated to Covenant Child before and after the OBT period in the second half of the year, pre-sale NFTs, and list governance tokens on virtual asset exchanges.

Pala is the largest NFT exchange operating company in Korea. It provides a secondary market platform where NFT transactions such as Klaytn, Ethereum, and Polygon take place. In addition, it has a history of performing various virtual currency-related projects, such as a one-stop launch pad service that includes NFT planning, issuance, and trading.

Youngjoong Cho, CEO of City Labs, said, "We expect to provide users with a more convenient and reliable trading environment through the agreement with Pala, the No. 1 NFT market operating company in Korea." We will work hard to build an infrastructure where you can easily experience the contents being developed.”