Gamevil Reports Q3 Operating Profit of 21.6 Billion KRW, Up 643% QoQ... "Increased Investment Gains from Cryptocurrency Exchange"

[Asia Economy Reporter Kang Nahum] Gamevil announced on the 10th that it recorded sales of 45.9 billion KRW and operating profit of 21.6 billion KRW in the third quarter of this year.

Sales increased by 55% compared to the previous quarter, and operating profit rose by 643%. Net profit for the period was 17.2 billion KRW, up 2231% from the previous quarter.

The sustained popularity of the baseball lineup, including '2021 Gamevil Pro Baseball Superstars' and 'MLB Perfect Inning 2021,' formed the foundation for the solid performance. Additionally, the strong performance of major subsidiaries such as Coinone increased investment income from affiliates, supporting the growth trend.

Gamevil is accelerating new business based on blockchain technology. Under the Com2uS brand, it plans to consolidate its capabilities and materialize an independent global blockchain ecosystem as a comprehensive content and platform company encompassing blockchain and the metaverse. The company name will also be changed to 'Com2uS Holdings.'

The game-specialized platform ‘Hive’ will be equipped with a blockchain-dedicated SDK, and its own token (tentatively named C2X) will also be issued. ‘Hive,’ which has over 100 million annual global active users, will be developed into a blockchain game platform, and an open platform alliance with global game developers will be pursued.

Jang Jong-cheol, head of Gamevil’s production division, said, "The issuance of the proprietary token C2X is expected as early as the end of this year or the first quarter of next year. It is difficult to disclose the listing exchange and issuance scale at this time, but preparations for token issuance have progressed considerably." He added, "The token will be earned through activities that produce key in-game currency, and will be consumed in the process of selling items and character growth within the game."

Blockchain games optimized for the proprietary blockchain ecosystem will be introduced sequentially. ‘Chromatic Soul: AFK Raid’ and ‘Project MR’ (tentative name) are scheduled for release in the first quarter of next year, and the flagship intellectual property (IP) ‘Gamevil Pro Baseball’ will also combine blockchain technology with NFTs targeting the global market next year. Furthermore, by collaborating with global game developers to expand the lineup, the company aims to quickly lead the newly emerging P2E (Play to Earn) market.

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