Nexon – Company founder passes away aged 54 in Hawaii

[Source] In the midst of all the nonsense metaverse and NFT news, we at MMO Culture are sad to inform gamers about the passing of Mr Kim Jung-ju, the visionary founder of Korea’s largest gaming company, Nexon. It was noted…

Vespa – Stock trading for King’s Raid developer suspended following dismal financial results

Korean developer Vespa, well-known for its mobile RPG King’s Raid, yesterday (7 Feb) was forced to suspend trading of its stock after the latest financial results announcement. According to local news, Vespa’s 2021 total sales saw a drop of 36.5%…

Com2uS – Korean gaming giant becomes seed investor in new play-to-earn NFT studio

Com2uS, which is busy building a metaverse of its own, today announced it has made a strategic investment in 5X5 Gaming, a new Play-To-Earn NFT game developer based in San Francisco, California. Founded by Deniz Gezgin, the studio is now…

ArcheWorld – ArcheAge developer announces new blockchain game on BORA platform

Earlier today, blockchain platform BORA held a Partners Day media event to announce its “BORA 2.0” revamp and also reveal new partners coming on board its blockchain ecosystem. Amongst them is Kakao Games, the majority owner of developer XLGAMES. Better…

Granverse – Gran Saga developer announces metaverse project

Korean developer NPIXEL today announced its ambitious plan to build a metaverse around its Gran Saga IP, a mobile + PC MMORPG which is now available in South Korea and Japan. Named as “Granverse,” the project will utilize blockchain technology…

Com2Verse – First look at metaverse from game developer Com2uS

Metaverse has been the buzzword especially since the parent company of Facebook is now known as Meta, with an aim to build a metaverse where humanity can thrive in. Now, almost all major game companies are either looking at creating…

Nexon Now – Nexon launches real-time probability monitoring system for games

Over the years, Nexon had been in various scandals when it comes to probability rates in their games, especially for gacha or loot boxes. To prevent further government scrutiny, Nexon today announced Nexon Now, a real-time probability monitoring website where…

Nexon – NAT Games and Nexon GT merges to form Nexon Games

Nexon recently announced a merger of two subsidiary studios, NAT GAMES Co., Ltd. and NEXON GT Co., Ltd. The combined teams will operate as Nexon Games and diversify development to create games for global audiences. The merger between the two…

The Great Merchant M – Global publisher announced for economy + strategy mobile MMORPG

The last time we posted about The Great Merchant M was back in 2019, so let’s have a quick recap. The Great Merchant, also known as Gersang Online, was a PC MMO which launched back in 2002. In fact, the…

HIT 2 – Nexon announces global publishing rights for MMORPG sequel

In a press release sent to the Korean media earlier today, Nexon announced that it has signed the global publishing rights for HIT2 (히트2) from developer NAT Games. This is the same HIT MMORPG which we mentioned back last year.…

NPIXEL – Gran Saga developer becomes faster Korean gaming company to hit unicorn status

Korean gaming startup NPIXEL, developer of Gran Saga, has joined the local “unicorns club” after receiving yet another new round of investments. The company is now valued at over 1 trillion Korean Won, which is about 860 million USD. The…

Netmarble – Korean gaming giant announces Seven Knights 2 for 2021 global launch

This past week saw companies all over the world, regardless of industry, announce their latest financial records for the 2nd quarter of 2021 (April to June), and that includes listed gaming companies as well. Netmarble is one of them, but…

Nexon – Global games giant announces new projects in active development

Nexon today announced that it unveiled details on new games in development at the company’s studios in Seoul, South Korea. Games in development include Project Magnum, Project HP and Mabinogi Mobile, plus nine additional games. Some of the titles are…

Project DX – Mobile MMORPG based on Durango: Wild Lands is in development

Back in December 2019, Nexon closed the global server of Durango: Wild Lands, a rather unique mobile game perhaps too ahead of its time. While the population was small, those who stayed till the end formed a close knitted community.…