Action Square Secures 30 Billion KRW Investment to Accelerate P2E, Blockchain, and Metaverse Businesses

[Asia Economy Reporter Hyunseok Yoo] Action Square announced on the 5th that it has secured an investment of 30 billion KRW to strengthen its P2E (Play to earn) blockchain game development and metaverse business.

The investment was conducted through a third-party allotment paid-in capital increase, with participation from Wemade (8 billion KRW), Netmarble (8 billion KRW), YJM Games (2 billion KRW), One Store (2 billion KRW), DS Asset Management (5 billion KRW), and Infinitum Partners (5 billion KRW).

Action Square is the game developer that created ‘Blade for kakao,’ the first mobile game to win the Korea Game Awards. Since then, it has consecutively released ‘Samguk Blade’ and ‘Blade 2 for kakao,’ establishing itself as a prestigious mobile action game company in the gaming market. Currently, it is developing global new titles such as the PC and console shooting action game ANVIL and 'Kingdom: The Blood of the Royal Family,' which utilizes the popular Netflix IP, as multi-platform games.

Kim Yeonjun, CEO of Action Square, stated, "Through this investment, Action Square will actively pursue P2E and metaverse businesses," adding, "As a developer owning the Blade IP, we will present a new game that highlights both action and graphics."

This content was produced with the assistance of AI translation services.