Gaming giant Nexon launches token via blockchain subsidiary

As a seasoned researcher with a keen interest in both gaming and blockchain technology, I find Nexon’s latest move to be an intriguing step forward in the intersection of these two worlds. Having closely followed Nexon’s previous foray into cryptocurrency, their strategic acquisition of Bitcoin back in 2017, I can’t help but feel a sense of anticipation about how they plan to leverage this new token, the NXPC, within MapleStory Universe.


Nexon’s blockchain division has introduced a fresh digital token aimed at enhancing user interaction and fostering growth within its web3 gaming environment.

In simpler terms, the blockchain division of the South Korean video game company Nexon, named NEXPACE, has declared the introduction of their very own digital currency. This move is intended to boost user involvement and foster expansion within their online game known as MapleStory Universe that operates on web3 technology.

Through a statement posted on Medium on August 27th, NEPACE revealed that their NXPC token is intended to enable both gamers and the wider community to actively participate in creating in-game content, a task usually handled by game developers themselves.

As an analyst, I’m excited to delve into the world of MapleStory Universe – a web3 evolution sprung from Nexon’s 2003 2D online game MapleStory. This innovative platform is anchored on the robust Avalanche blockchain and integrates non-fungible tokens as its fundamental structure. The anticipated NXPC token is designed to facilitate interactive experiences with in-game assets, fostering a harmonious growth trajectory driven by our vibrant community. While exact details are yet to be revealed, it’s anticipated that the NXPC token will share the same blockchain foundation as MapleStory Universe itself, ensuring seamless integration and continuity.

In simpler terms, NEXPACE explains that this token will enable players to engage with in-game assets seamlessly, fostering a more organic progression of community expansion. It’s presumed, though not explicitly stated, that this token would operate on the Avalanche blockchain, much like the game itself.

Nexon has ventured into the realm of cryptocurrency before, but this latest move signifies their concentrated efforts in the blockchain industry. Previously, they bought over 1,700 Bitcoins for about $100 million. At that time, Nexon’s CEO, Owen Mahoney, stated that the acquisition was part of a calculated approach to safeguard shareholder value and preserve the buying power of their cash reserves.

Read More

Sorry. No data so far.

2024-08-27 12:20