South Korean game developer Netmarble has given up its Metaverse business and has issued resignation notices to all employees of relevant subsidiaries.

South Korean game developer Netmarble recently recommended that 70 employees of "Metaverse World", a subsidiary of Netmarble F&C responsible for Metaverse-related businesses, resign. According to a member of the company, "With the deterioration of the relevant market, we have decided to liquidate after careful consideration." Metaverse World." It is reported that Metaverse World has been actively developing the metaverse business before, developing "Grand Cross: Meta World", and signed an agreement with Mysteen Labs, the operator of the Layer 1 project SUI, and cooperated with The Sandbox in April last year to enhance its metaverse content section. (Bloomingbit)