[Featured Stock] Longtu Korea, WEMIX as Base Currency... Mir4 Concurrent Users Reach 1 Million Boost Effect

[Asia Economy Reporter Hyungsoo Park] Longtu Korea is showing strength. Expectations for the release of NFT-based games seem to be influencing the stock price.

As of 9:23 AM on the 10th, Longtu Korea is trading at 8,520 KRW, up 16.87% from the previous day.

KTB Investment & Securities analyzed that Longtu Korea will release two play-to-earn (P2E) games based on Wemix NFTs.

Longtu Korea is a game publishing and development specialist company. It holds the IP of Yeolhyeol Gangho as its main intellectual property. Through its subsidiary Lantu Games, it has secured the IPs of Terra, ArcheAge, and Hokuto no Ken.

Jae-yoon Kim, a researcher at KTB Investment & Securities, said, "By mid-next year, Yeolhyeol Gangho is scheduled for a global release as a Wemade Wemix coin-based NFT P2E game," adding, "Sword and Magic is also expected to be released as a Wemix NFT P2E game within this year."

Due to the nature of NFTs, in-game currencies of Yeolhyeol Gangho and Mir4 can be traded using Wemix coins. It is expected that the user base of Mir4 will flow into Yeolhyeol Gangho through the same currency (Wemix).

He emphasized, "The reason for the rapid increase in Mir4 users this year is the P2E structure that allows cryptocurrency mining within the game," and added, "Yeolhyeol Gangho adopts the same P2E structure, so Mir4 users can naturally transition to Yeolhyeol Gangho."

He explained, "Users of Wemix NFT-based games will be linked through a currency system using the same base currency," and continued, "In other words, Yeolhyeol Gangho has a structure that can share users reaching about 1 million (based on concurrent users) of Mir4 through Wemix."

He added, "Since Mir4 and Yeolhyeol Gangho are independent games, Mir4 mining users are likely to simultaneously access both Mir4 and Yeolhyeol Gangho to mine black iron and mine within Yeolhyeol Gangho."

Researcher Kim also emphasized that the market capitalization is attractive. He explained, "The number of users entering Wemix-based games is expected to show little difference between games," and added, "If a similar level of users enter each game, Longtu Korea, currently recording a market capitalization of 185.4 billion KRW, is judged to be the most attractive."

He further added, "Longtu Korea holds a 10% stake in Wemade Tree, and in the event of a merger between Wemade and Wemade Tree, the value of Wemade shares held by Longtu Korea is estimated to be about 16.8 billion KRW as of now."

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