Gaming giant Nexon launches token via blockchain subsidiary

Nexon’s blockchain division has launched a new token to boost user engagement and ecosystem growth in its web3 game.

South Korean Nexon game developer Blockchain Subsidiary NEXPACE has announced the launch of its own cryptocurrency to enhance user engagement and drive ecosystem growth within its web3 game called MapleStory Universe.

In a medium advertisement On August 27, NEXPACE said the so-called NXPC token is designed to allow players and community members to directly contribute to the creation of in-game content, a role traditionally reserved for game developers.

MapleStory Universe, a web3 spin-off of Nexon’s 2003 2D online game MapleStory, is built on Avalanche blockchain and incorporates non-fungible tokens at its core. The NXPC token is expected to allow contributors to interact with in-game elements, promoting a “natural flow of community-driven growth,” the company said. While specific details were not revealed, the token is also expected to be based on Avalanche’s blockchain, in line with the game itself.

NEXPACE claims the token would allow contributors to interact with in-game elements, promoting a “natural flow of community-driven growth.” While the company didn’t specify, the token would supposedly be based on the Avalanche blockchain just like the game itself.

This is not Nexon’s first foray into the world of cryptocurrencies, although it represents the company’s dedicated efforts focused on the blockchain sector. previously purchased more than 1,700 (Bitcoin) for approximately $100 million. At the time, Nexon CEO Owen Mahoney said the purchase “reflects a disciplined strategy to protect shareholder value and maintain the purchasing power of our cash assets.”

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