COLOPL, Inc. announced that the Company have entered into a basic agreement for the joint creation of Metaverse Economic Zone with CALIVERSE Inc. Purpose of the Basic Agreement: With the Group's mission, "`Entertainment in Real Life': Making everyday more enjoyable and wonderful through entertainment", our group provides new experiences with the latest technology and creative ideas. In recent years, the fields of blockchain technology and XR/metaverse have been attracting worldwide attention and expected to grow in the future. The Group is working to enhance its corporate value by quickly responding to the rapidly changing market and environment by establishing a subsidiary, Brilliantcrypto, Inc. to develop and distribute of GameFi and other services utilizing blockchain technology or crypto assets and NFT.

Brilliantcrypto, Inc. is pursuing a project to create a new economic zone in the Metaverse by creating gems in the digital world through gameplay and enabling people to bring those gems into diverse Metaverse. CALIVERSE Inc. is a subsidiary of Lotte Data Communication Co. Ltd. and is developing "CALIVERSE", a high quality metaverse that is linked to the main business areas of the Lotte Group in Korea.

"CALIVERSE" features ultra-high quality live-action 3D images and is attracting worldwide attention for its deployment in various applications such as live commerce and entertainment. In the future, with a view to various uses in Web3, including the bringing of gems created by Brilliantcrypto, Inc. into "CALIVERSE", the Company and CALIVERSE Inc. have entered into a basic agreement to jointly create a Metaverse economic zone.