Netmarble F&C Acquires 'Item Games'... "Accelerating P2E Market Expansion"

[Asia Economy Reporter Buaeri] Netmarble's subsidiary Netmarble F&C announced on the 12th that it has acquired the blockchain game company 'Item Games.'

Netmarble F&C disclosed this morning that it acquired 388,494 shares of Item Games for 7.65022 billion KRW. With this acquisition, Netmarble F&C plans to introduce blockchain technology into its games under development. The company aims to accelerate its entry into the global Play to Earn (P2E) and Non-Fungible Token (NFT) markets.

Founded in 2018, Item Games possesses middleware technology that enables rapid application of P2E systems to mobile games. It has extensive experience and expertise in building NFT marketplaces. The company currently operates blockchain games on the Binance Smart Chain. According to the company, it will play a key role in the 'Metanomics' ecosystem being developed by Netmarble F&C.

Seo Woo-won, CEO of Netmarble F&C, stated, "This year will mark a major turning point in the global gaming market. Our company plans to actively adopt blockchain technology and introduce Play & Earn (P&E) games?games that are both enjoyable and profitable?to the global market."

Gil A-seong, CEO of Item Games, said, "Based on our experience launching P2E games on various networks, we will do our best to quickly apply blockchain technology to Netmarble F&C’s games and provide stable services."