Lotte Group Partners with Arbitrum for Lotte Caliverse Platform
- Lotte partners with Arbitrum blockchain for Lotte Caliverse platform
- Caliverse to introduce crypto payments and on-chain gaming with ARB token support
- Arbitrum’s 250ms block times ensure seamless performance in virtual environments
South Korea’s Lotte Group has joined forces with Arbitrum, the largest Ethereum Layer-2 network, to power its AI-driven metaverse platform, Lotte Caliverse.
Announced during CES 2025 in Las Vegas, this collaboration aims to enhance blockchain integration within the metaverse, leveraging Arbitrum’s technology to deliver seamless virtual experiences.
Lotte Caliverse: Enhancing Virtual Experiences with Blockchain
Lotte Caliverse platform, launched in 2024, explores emerging technologies like artificial intelligence, virtual reality, and blockchain. Users can engage in virtual shopping, attend live concerts, play interactive games, and interact with global brands like 7-Eleven and Tomorrowland.
With Arbitrum’s blockchain integration, Lotte Caliverse will enable crypto payments and in-game transactions, enhancing user experience in the virtual world.
Key Benefits of Arbitrum Integration:
- Industry-leading 250ms block times for optimal performance
- Reduced latency and improved user experience
- Developer grant awarded in ARB tokens to foster innovation
Arbitrum’s growth in gaming adoption and hosting of various game titles solidifies its position in the blockchain gaming sector.
Bridging Retail Expertise with Blockchain Innovation
Lotte’s partnership with Arbitrum combines blockchain efficiency with retail and entertainment expertise to redefine virtual interactivity in the metaverse.
As Caliverse evolves, this collaboration is expected to reignite corporate interest in the metaverse, paving the way for innovative virtual experiences.
