Nexus plans to turn One Store from a Korean app marketplace into part of a global Web3 gaming platform. A new validator role on CROSS Mainnet forms an early part of that plan.
Good to Know
One Store has become the third CROSS Protocol validator after H Lab and CertiK. The company will operate its own node, produce blocks, validate transactions and help secure CROSS Mainnet 2.0.
The appointment follows a much larger corporate deal. Nexus acquired 20,247,990 One Store shares, equal to an 89.03% holding, on June 29.
The purchase cost about KRW62.6 billion, or $45.3 million. Sellers included SK Square, Naver, Steel Number One Jeilcha and Krafton.
Nexus wants to combine One Store distribution with blockchain payments and infrastructure. Planned additions include wallets, stablecoins, staking, a decentralized exchange and existing Nexus community and payment tools.
An “AI-native game platform” is also planned to review and curate AI-generated games in real time.
One Store launched in 2016 through SK Telecom, KT, LG Uplus and Naver as a Korean alternative to Google Play and Apple App Store.
The marketplace now appears on more than 38 million Korean devices and ranks second nationally by game transaction value. Its new network role goes beyond distributing blockchain games, since staked capital and node performance now tie One Store directly to chain operations.
CROSS Mainnet 2.0 launched its Breakpoint upgrade on June 1 with space for 21 Proof of Staked Authority validators.
Nexus also plans to rename CROSS Mainnet as OneChain. The native CROSS token will take the ONE name.
Gametoken DEX adopted ONEUSD as the pricing and settlement asset for every trading pair on July 9. Network transaction fees also fund native token buybacks.