return icon

Vietnam’s startup makes deal with world’s blockchain giant

Poriverse, a Vietnam metaverse game startup, has announced the establishment of a strategic partnership with a branch of Polygon (MATIC), one of the world's leading Blockchain platforms.



Built and developed in September 2021, Poriverse is a 100 percent ‘Make in Vietnam’ product as it was developed by Vietnamese engineers. They have more than 15 years of experience in game development and eight years of experience in Blockchain.

Following the success of Axie Infinity, ‘play to earn’ has been developing rapidly, becoming a growing tendency of the world’s blockchain industry. However, it has posed new challenges for players because it requires increasingly high initial investments.

As the prices of game characters are overly high, new players cannot join the market. And Poriverse has developed new ideas which can settle the problem.

The special feature of Poriverse is that game players can lease or borrow NFTs (non-fungible tokens) to play instead of spending big money to buy tokens like in other games.

Players pay rent for NFTs in accordance with prices negotiated in the ‘market’. However, all revenue created will belong to them. All of this is done under a public and transparent process guaranteed by Blockchain technology.

This allows players to reduce initial expenses, and they can have good NFTs at the beginning which helps increase bonus points. This is the first Blockchain-based game in the world that allows borrowing and lending of NFT.

Poriverse also provides a metaverse of games in which participants can create many different worlds, and design, own and make transactions with other players and developers.

According to Poriverse, the game has mobilized 600,000 USD worth of capital from investors all over the world. It’s expected that the demo version of Poriverse will be introduced later, shortly after IDO (Initial DEX (Decentralized Exchange) offering).

The establishment of a strategic relationship with Polygon Studios is considered a big success because this is an important part of Polygon (the Blockchain platform ranked 16th in the world in terms of capitalization value, $12 billion).

Polygon Studios is focusing on developing blockchain games, NFT and Web 3 through investments and marketing, and support for developers around the world.

Polygon Studios’ ecosystem includes many games and NFT projects well known in the world, such as OpenSea, Upshot, Aavegotchi, Zed Run, Skyweaver by Horizon Games, Decentraland, Megacryptopolis, Neon District, Cometh, and Decentral Games.

With the support of Polygon, Poriverse will have bigger opportunities to develop and reach out to the world market, which some other Vietnam-made games such as Axie Infinity, Bemil and Titan Hunters could also do. 

Trong Dat

Many Southeast Asians survive through pandemic thanks to Vietnamese games

Many Southeast Asians survive through pandemic thanks to Vietnamese games

In some Southeast Asian countries such as the Philippines and Malaysia, many people have had a stable income during the pandemic for two years now, thanks to Vietnamese games.

Many local gaming businesses set up in Singapore instead of Vietnam

Many local gaming businesses set up in Singapore instead of Vietnam

According to experts, despite being at the top in the region for online games, many Vietnamese businesses are registered and pay tax in Singapore instead of Vietnam.


Vietnam’s veggie, fruit imports from China surge

Vietnam spent some US$473 million importing vegetables and fruits from China between January and August, surging by 74% year-on-year and accounting for 38% of the country’s total veggie and fruit imports.

Legal move towards fair competition in pay TV market

A new decree on the use and management of broadcasting services aims to create an impartial playground between domestic and foreign pay TV service providers.

79 villas to be pulled down in Phu Quoc for construction violations

Authorities in Phu Quoc Island in the southern Kien Giang Province are removing 79 villas that were illegally built in Duong To Commune.

Vietnam needs large domestic shipping lines

The lack of domestic shipping firms has caused difficulties for export companies.

VN seeks ways to increase export of organic farm produce

The organic food market was expected to reach $437.36 billion by 2026 with a compounded annual growth rate of 14 per cent.

Twins survive after premature birth, weighing just 500g

The National Hospital of Obstetrics and Gynecology has for the first time successfully bred twins who were born at 25 weeks, each weighing just 500g.

Hanoi to spend $5.3 million to inspect old apartments

Hanoi plans to spend about VND128 billion (US$5.3 million) to appraise the quality of old apartments across the city this year.

Applying special mechanism, HCMC attracts 10 experts, scientists and talents

HCM City has issued a Resolution on the income level of experts and scientists for the fields the city needs to attract talents in the 2018-2022 period.

People should be cautious of 'easy job, high salary' in Cambodia

Nguyen Minh K., 24, of Ninh Thuan Province, still can't believe he was illegally sold to a casino in Cambodia.

25 Apple’s partners have factories set up in Vietnam

The number of Apple manufacturing partners setting up their factories in Vietnam has increased to 25 at present, four more than the 2020 figure, the tech giant said in its list of supply partners for the fiscal year 2021.


Hanoi inaugurates new road tunnel to address traffic congestion

Netlflix asked to remove "Little Women" for distorting history

The request was made by the Authority of Broadcasting and Electronic Information, under the Ministry of Information and Communications, according to Deputy Director General Le Quang Tu Do.

UOB upgrades 2022 growth forecast for Vietnam to 8.2%

Given Vietnam’s strong economic recovery in the third quarter, the Singapore-based United Overseas Bank (UOB) has raised its forecast for the country’s GDP growth this year to 8.2%, from the previous prediction of 7%.

Vietnam rice prices surge on Indian rice export restrictions

Prices of Vietnamese rice surged in the global and domestic markets after India announced restrictions on broken rice exports and a 20% duty on exports of various other types.

Deaths of Adenovirus total nine, infections increase with many severe cases

The child died at the National Children's Hospital on Monday and is not thought to have any health issues but had been treated for the past 50 days and recently needed a ventilator.