Universe

Nexon

Polygon

Quick take: 
<ul> 
 <li>Nexon has announced a $100 million investment in MapleStory.</li> 
 <li>The company wants to expand the MapleStory Universe including a blockchain-based MMORPG, a mobile version of the game and an SDK.</li> 
 <li>MapleStory also plans to integrate Polygon Supernets, the blockchain developed to facilitate massive gaming projects.</li> 
</ul> 
Nexon has announced a $100 million Web3 fund for the MapleStory Universe. The Japanese video game publisher is building a <a href="https://www.nftgators.com/what-is-a-blockchain-game/">Web3 gaming</a> economy that consists of a blockchain-infused massively multiplayer online roleplaying game (MMORPG), a mobile-based version of the game, a software developer kit (SDK) for developers to build decentralised apps and a Sandbox platform for players and creators to craft their blockchain games. 
Nexon wants to use blockchain and NFTs to create lifelong storylines for self-sustaining communities built on a strong foundation of over 180 million registered users. According to the announcement, the MapleStory Universe will integrate Polygon Supernets by March 2024, about twelve months since <a href="https://www.nftgators.com/nexon-teams-up-with-polygon-to-launch-new-nft-game-maplestory-universe/">Nexon announced a partnership</a> with the layer-2 blockchain to develop NFT games based on the MapleStory IP. 
With Polygon supernets, the blockchain created to facilitate massive online gaming players will be able to earn and trade <a href="https://www.nftgators.com/what-is-an-nft/">NFT</a> items during gameplay. According to the March announcement, MapleStory N gaming economy allows players to acquire in-game assets through gameplay and competing in battles, rather than buying from an in-game store. 
The MapleStory N and MapleStory N mobile games were first announced in June 2022, at a time when NFT gaming was booming. And despite the recent market downturn and a considerable decline in Web3 funding, Nexon has continued to build its Web3 gaming ecosystem, which culminated in the latest fund announcement. 
A Nexon spokesperson explained the reasoning behind the massive internal funding as one backed by the company’s massive valuation of $27 billion. “With Nexon’s robust $27 billion valuation and internal capital generation, the need for external investments in blockchain initiatives might diminish,” a <a href="https://medium.com/@cryptonavigator.net/nexon-invests-100m-in-maplestory-universe-74023d0397b1" target="_blank" rel="noreferrer noopener">blog post</a> on Medium announcing the investment reads. 
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The post <a href="https://www.nftgators.com/nexon-pumps-100m-into-its-web3-gaming-project-maplestory">Nexon Pumps $100M Into Its Web3 Gaming Project MapleStory</a> appeared first on <a href="https://www.nftgators.com">NFTgators </a>.

Nexon Pumps $100M Into Its Web3 Gaming Project MapleStory

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