Lionheart Studio, the Korean developer of ODIN: Valhalla Rising, is preparing to be listed on KOSDAQ in a few months, possibly as 2022’s second biggest IPO. If you missed our previous news, Kakao Games is the majority shareholder of Lionheart Studio. As part of the process, Lionheart Studio submitted details of new games they are working on to the authorities. Let’s take a look!
An expansion game in the ODIN: Valhalla Rising worldview, this is a collectible game in development using cartoon rendering technology. Hence, it will not look as mature and serious as the original game. It is slated for release in South Korea in the second half of 2023.
This is a console and PC cross-platform looter shooter game, Lionheart Studio’s first attempt at this genre which has gained much popularity these couple of years with a supposed market cap of USD 5.6 billion. It was also mentioned that according to research, looter shooter games have higher longevity, which will secure the developer a “long-term source of sales.” Project S is NOT based on ODIN: Valhalla Rising and is developed with a brand-new IP. This looter shooter will be infused with RPG elements, including story-based quests, co-op modes, and PVP. It was said that without the mobile platform, Lionheart Studio can “maximize” the game’s graphical fidelity.
Described as a “full 3D seamless open-world MMORPG,” Project Q is once again a brand-new IP unrelated to ODIN: Valhall Rising. Using the quarter-camera view (similar to Diablo and Lost Ark), Project Q focuses on large-scale battles. The camera view will allow players to see what is happening around them, hence increasing the immersion.