According to TechFlow, the Arbitrum Foundation and Lotte Caliverse signed a memorandum of understanding at the Japan WebX Conference hosted by CoinPost. In the future, Lotte Caliverse will use the Arbitrum technology stack to build a metaverse ecosystem, bringing users an efficient, smooth and low-cost experience.
Arbitrum will also further expand its influence in the Asia-Pacific region through this cooperation. It is reported that Caliverse spans the fields of daily life consumption, boutique shopping, game experience, film and television entertainment economy, and is a metaverse project developed by South Korea's Lotte Group.
