[Special Stock] CMS Edu Partners with Unity, the Heart of Metaverse... Fostering Roblox Creators

[Asia Economy Reporter Hyungsoo Park] As expectations for the metaverse grow, the stock price of CMS Edu is also on the rise.

The metaverse is a compound word of Meta (transcendence) and Universe (space, experiential world). It is used to represent a three-dimensional virtual world and includes the concept of an avatar representing oneself. The growth speed of the metaverse industry is accelerating due to the spread of contactless culture.

At 9:46 AM on the 5th, CMS Edu was trading at 6,270 KRW, up 2.12% from the previous day.

Byunghwa Lee, a researcher at KB Securities, explained, "Recently, Zepeto and ROBLOX have expanded greatly in popularity among Generation Z and Alpha Generation," adding, "The metaverse is replacing all events that happen offline."

He continued, "What distinguishes the metaverse from online games is that users continue various activities such as social communication and attending performances as the purpose itself within the virtual world," and added, "Last September, Zepeto held a fan signing event for BLACKPINK."

Furthermore, he emphasized, "U.S. President Joe Biden also conducted election activities within the Nintendo game ‘Animal Crossing’," and said, "Events that used to happen in real life are now taking place in the virtual world, continuing to play a role in replacing reality."

With growing interest in the mobile game ROBLOX, which is set to be listed on the 10th, there is a movement in the domestic stock market to find related stocks. It was found that 55% of U.S. youths under 16 are registered on ROBLOX and spend 2.5 times longer on ROBLOX than on YouTube.

CMS Edu, evolving into an online Edu-Tech company, signed a global interactive education platform development contract last year with Unity Technologies, known as the "Microsoft of game engines."

More than half of the top 1,000 mobile games worldwide are made with the Unity engine. Annual downloads reach 34 billion, with users in 195 countries totaling 770 million. Unity developers have become one of the fastest-growing job categories in the U.S., reflecting growing interest.

Unity is expanding beyond game development into industry. Game engines focus on 3D, virtual reality (VR), and augmented reality (AR). Unity engines are easy for companies to utilize. In Korea, Samsung Electronics, Hyundai-Kia Motors, and Kakao collaborate with Unity. Unity holds a 90% market share in VR and AR fields.

As demand for Unity developers surges, the education market for training programmers who can create programs (coding) is also growing. Although Unity has developed its own coding education program, it recognized the need to collaborate with specialized education companies. CMS Edu is connecting its content capabilities and know-how accumulated offline to contactless services through Digital Transformation.

CMS Edu, together with Unity Korea, launched the coding education platform 'codeAlive' based on the Unity engine at the end of last year. codeAlive is an educational platform where learners and the platform interact in real time. When learners input code, 3D avatars and objects such as animals and items respond immediately, allowing users to check the results of their work in real time. The 3D avatars and other on-screen objects are created with the Unity engine, showcasing high-quality graphics.

Researcher Yongje Jung of Mirae Asset Daewoo said, "Unity mentioned the metaverse during its Q3 earnings call last year and expected demand for ‘real-time 3D engines’ to increase," adding, "In the long term, it will contribute to increased revenue not only from user seats but also from Operate solutions."