Search
Search
Korean Firm Neowiz to Develop Games on Avalanche Network

Korean Firm Neowiz to Develop Games on Avalanche Network

0
0

153 Listen to this article SEOUL, AVALANCHE HOUSE – In a thrilling development for gaming enthusiasts, renowned Korean game publisher […]

Latest News

Listen to this article

SEOUL, AVALANCHE HOUSE – In a thrilling development for gaming enthusiasts, renowned Korean game publisher Neowiz announced its intention to develop games on the Avalanche blockchain, leveraging its Web3-focused division, Intella X.

Korea’s fervent enthusiasm for esports and blockchain-based games has seen a surge in recent years. With an expansive gaming culture and immense consumer interest, companies like Neowiz have enjoyed skyrocketing valuations. Among the top-tier gaming entities in Korea, Neowiz ranks within the top five in terms of market capitalization.

With an illustrious history spanning 25 years in the gaming industry, Neowiz has been responsible for crowd-pleasers like “Cats & Soup” and eagerly awaits the launch of “Lies of P.” This forthcoming release, drawing inspiration from the classic tale of Pinocchio, is touted to be one of 2023’s bestsellers. Highlighting the company’s success, Taegeun “Andrew” Bae, co-CEO of Neowiz, reported an impressive revenue of $51 million in the previous year during the Thursday announcement.

Ed Chang, Ava Labs‘ Head of Gaming, expressed his enthusiasm about the collaboration, emphasizing the potential of this partnership. Collaborating with a titan like Neowiz is a monumental step in bolstering our gaming presence in South Korea,” Chang remarked. He further acknowledged the wealth of experience Neowiz brings to Avalanche’s Arcad3 initiative. Their deep-rooted expertise will not only elevate the Arcad3 program but also ensure Neowiz’s seamless foray into the Web3 gaming realm,” added Chang.

For those uninitiated, Avalanche Arcad3 serves as a unique intersection of traditional gaming and the burgeoning crypto sphere. It’s an educational initiative aimed at bridging the gap between conventional gaming projects and the Web3 space.

Read Also:  SEC's Private Meeting, Binance's $4.3B Fine Addressed by New CEO

As the lines between conventional gaming and blockchain-powered platforms blur, partnerships like these pave the way for a new era in the gaming landscape.

For the crypto latest news today follow the Coinography to our YouTube channel or follow us on social media platforms like Twitter, Facebook, Instagram and Linkedin.

You Might Also Like

0 0 votes
Article Rating
Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments

Get Latest Updates

Latest News

Web Stories

Latest News

0
Would love your thoughts, please comment.x
()
x
Scroll to Top
Crypto Whale Splurges $10.4 Million on Meme Coin PEPE SOL Price Nearing Support as On-Chain Activity Dips for Solana Penguiana Meme Coin’s Presale Achieves Success, Raising 290 SOL Solana to Bitcoin Bridge, Zeus Network, Set for Debut in Q3 2024 DeFi Lending Leader Aave Unveils V4 Protocol Overhaul MicroStrategy (MSTR) Incurs Losses in Q1 After Digital Asset Impairment Takes Toll Upbit Emerges as Top Five Crypto Exchange, Posing Challenge to Binance, Coinbase Tether’s TON Blockchain Entry Reaches $60M: CEO Content SHIB News: 700M Tokens Burned, Shiba Inu Targets $0.00004 Polkadot Relay Chain Upgrade Plan and 10M DOT Prize Initiative TON Network Surpasses $140M TVL as Toncoin Price Skyrockets Bitcoin Falls Below $60,000 After Israel’s Strike on Iran Ragnarok Joins Web3 via Ronin and Gravity Collaboration Worldcoin Announces “Human Centric” Blockchain: World Chain Dubai Flood Spurs Blockchain Life 2024 Airdrop ZachXBT Reveals Frauds on Ethereum Layer-2 Networks Winklevoss Twins Invest $4.5M BTC in Bitcoin Soccer Club VeChain and UFC Unveil Tokenized Gloves Collaboration Web3 Credentials Platform Galxe Goes Live with Mainnet Launch El Salvador’s Newest Hilton Leverages Tokenized Bitcoin Debt