Asian Tech Press (Aug 31)-- According to Yonhap News Agency, Netmarble F&C, a subsidiary of South Korean mobile game giant Netmarble, said it had established a VR content development division called Metaverse Entertainment to produce VR content, including games and services.

Metaverse Entertainment will focus on developing virtual reality platforms and operating virtual idols. The company will be owned by Netmarble F&C, which has created role-playing games (RPGs) such as "The Seven Deadly Sins: Grand Cross" and "Blade & Soul Revolution.

The Metaverse is a digital world generated by the convergence of virtually enhanced physical reality and physically persistent virtual spaces, where users can have hands-on experiences through avatars.