Lotte leveraged the Arbitrum blockchain to power its Caliverse platform. Caliverse aims to introduce crypto payments and on-chain gaming that supports ARB tokens. Arbitrum’s 250ms block time ensures seamless performance in virtual environments.
South Korea’s Lotte Group, a leading multinational conglomerate, has partnered with Arbitrum, the largest Ethereum layer 2 network, to power its AI-driven metaverse platform, Lotte Caliverse.
The strategic partnership, announced during CES 2025 in Las Vegas, aims to leverage Arbitrum’s high-performance technology to deliver seamless virtual experiences and strengthen blockchain integration within the Metaverse. Masu.
Lotte Cariverse enables cryptocurrency payments and on-chain in-game transactions
Launched in 2024, the Lotte Caliverse platform will serve as a hub for exploring emerging technologies such as artificial intelligence, virtual reality, and blockchain. The platform provides users with an immersive 3D environment where they can participate in virtual shopping, attend live concerts, play interactive games, and engage with branded content from global brands such as 7-Eleven and Tomorrowland. I will.
With Arbitrum’s blockchain integration, Lotte Caliverse will soon enable cryptocurrency payments and on-chain in-game transactions, improving the user experience.
Arbitrum’s industry-leading 250ms block time makes it an ideal choice for powering virtual environments and gaming applications. Steven Goldfeder, CEO of Offchain Labs, the developer of Arbitrum, described the platform as a “homeground for high-quality performance.”
This integration not only reduces latency, but also provides a user-friendly experience and establishes a new standard for blockchain interaction within the virtual world.
As part of this partnership, the Arbitrum Foundation awarded Lotte the largest developer grant ever issued in ARB tokens. Although the exact amount of the grant has not yet been disclosed, this milestone highlights Arbitrum’s commitment to fostering innovation in the Web3 gaming and metaverse space.
Mr. John Park, Head of Korea at Arbitram Foundation, expressed pride in the cooperation with Lotte and emphasized the alignment of common vision to advance the blockchain-based virtual world.
This partnership also solidifies Arbitrum’s position as a major player in the blockchain gaming space.
In 2024, Arbitrum experienced 72% year-over-year growth in game adoption, currently hosting 119 game titles and 23 game-specific blockchains through its Orbit stack. Orbit Stack is a customizable toolkit that enables developers to create customized blockchain solutions, driving innovation across the world. ecosystem.
Bridging blockchain and retail expertise with Arbitrum
Lotte’s work on the Metaverse began in 2022, and the partnership with Arbitrum was announced in 2024.
Lotte aims to redefine virtual interactivity by fusing the efficiency of blockchain with its extensive retail and entertainment portfolio.
As Caliverse evolves, we expect the partnership with Arbitrum to reignite corporate interest in the metaverse, a concept that has seen fluctuations in popularity in recent years.
