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…
ArcheAge 2 – Kakao Games confirmed as global publisher for upcoming MMORPG sequel
First announced back in 2020, ArcheAge 2’s publisher was actually never in doubt since the same company helped developer XLGAMES survived financially. We are of course talking about Kakao Games, whom yesterday announced itself as the global publisher of ArcheAge…
Summoners War: Chronicles – Com2uS touts 10 billion Korean Won revenue in first 27 days
Com2uS recently let known via the local media that its latest product, Summoners War: Chronicles, has achieved over 10 billion Korean Won (around 7.1 million US Dollars) in its first 27 days of domestic launch in South Korea. This result…
Project R – Former Blizzard and Riot Games GM announces new blockchain mobile game
Wayne Lee, a former General Manager for Riot Games (Taiwan & SEA) and Managing Director at Blizzard (Taiwan/HK/Macau) recently announced the the first game from his company, Bloxmith, known as Project R. Bloxmith was founded 8 months ago as a…
Com2uS – Developer going all-in on blockchain gaming technology
It shouldn’t come as a shock that Korean developer Com2uS is investing heavily into “next gen” technology since introducing its “Com2Verse” concept. During the quarterly financial call recently, Com2uS pushed further into blockchain gaming by announcing all its future titles…
Crimson Desert – Pearl Abyss to hold unofficial private event at Gamescom 2022
In its quarterly financial report Q&A session held recently, Korean developer Pearl Abyss confirmed that Crimson Desert will be unofficially at Gamescom 2022. Rather than having a public booth, selected global game partners will be invited to a private event…
Midgard Saga – $50 million funded Yeeha Games reveals first game for Southeast Asia
Yeeha Games, a $50 million-funded gaming platform is looking to shake up the playing field. From the coronavirus pandemic to the historic global markets’ collapse, in less than two years, billions of people have dealt with a decade’s worth of…
Redlab Games – Kakao Games invests in local startup working on Play To Earn MMORPG
Redlab Games was first founded last year by its CEO, who previously held executive roles in major companies such as Smilegate, Ntreev, Neowiz, and Blue Potion Games (EOS Red developer). From the very beginning, the aim for Redlab Games was…
XLGAMES – ArcheAge developer files for new title trademark
XLGAMES, the Korean developer behind ArcheAge and the atrocious NFT/ Blockchain PC MMORPG ArcheWorld, filed for a new game title trademark 2 weeks ago. The title in question is “ArcheWar,” and it is under the classification for digital software. It…
Shangri-La Frontier – Netmarble announces participation in new anime series and game
Yesterday, Netmarble announced that it is part of the anime production committee of the manga IP “Shangri-La Frontier”, which belongs to Japanese publishing house Kodansha. Netmarble also revealed it is working on a global game based on Shangri-La Frontier, helmed…
Nexon – Gaming giant to occupy massive 300 booths at G-Star 2022
Nexon recently announced that it will occupy 300 booths at the annual G-Star gaming convention at Busan Exhibition and Convention Center (BEXCO). It is the biggest number of booths by a single company in the B2C (Business to Consumers) hall.…
Vespa – King’s Raid developer asking employees to voluntarily resign
Latest update: As of July 6, 2022, Vespa has applied with the court for corporate rehabilitation. Since early this year, we have reported on Korean developer Vespa facing financial difficulties. According to various sources, on July 1st, the King’s Raid…
ODIN: Valhalla Rising – Kakao Games takes control of developer valued at USD 3 billion
Last week, Korean gaming giant Kakao announced that it has purchased 30.37% worth of stocks in developer Lionheart Studio. As a result, the ratio of shares in Lionheart held by Kakao Games and Kakao Games Europe increased to 54.95%, with…
DeMeta – Ultima Online veterans announce new game and teases blockchain MMO
Richard “Lord British” Garriott, best known for games such as Ultima, Ultima Online, Lineage, Tabula Rosa, and Shroud of the Avatar, yesterday announced he has formed a new games development studio, DeMeta, with Todd Porter, a founding producer of Dungeons…