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Gaming giant Nexon launches token via blockchain subsidiary

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Nexon’s blockchain arm has launched a brand new token to spice up consumer engagement and ecosystem development in its web3 sport.

South Korean online game developer Nexon’s blockchain subsidiary NEXPACE has introduced the launch of its personal cryptocurrency to reinforce consumer participation and drive ecosystem development inside its web3 sport known as MapleStory Universe.

In a Medium announcement on Aug. 27, NEXPACE mentioned the so-called NXPC token is designed to permit gamers and neighborhood members to contribute on to in-game content material creation, a job historically reserved for sport builders.

MapleStory Universe, a web3 spin-off of Nexon’s 2003 2D on-line sport MapleStory, is constructed on the Avalanche blockchain and incorporates non-fungible tokens at its core. The NXPC token is predicted to permit contributors to work together with in-game objects, selling a “pure circulation of community-driven development,” the corporate mentioned. Whereas particular particulars weren’t disclosed, it’s anticipated that the token may even be based mostly on the Avalanche blockchain, in keeping with the sport itself.

You may also like: Sandbox co-founder foresees AAA sport studios embracing web3

NEXPACE says the token would permit contributors to work together with in-game objects inside the sport, selling a “pure circulation of community-driven development.” Whereas the corporate didn’t specify, it’s supposed that the token can be based mostly on the Avalanche blockchain identical to the sport itself.

This isn’t Nexon’s first foray into the world of cryptocurrency, although it represents the corporate’s devoted efforts targeted on the blockchain sector. The corporate beforehand bought over 1,700 (BTC) for about $100 million. On the time, Nexon chief govt Owen Mahoney mentioned the acquisition “displays a disciplined technique for shielding shareholder worth and for sustaining the buying energy of our money property.”

Learn extra: Animoca Manufacturers’ gaming platform GAMEE secures funding from Pantera Capital

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