[Asia Economy Reporter Hyungsoo Park] Joycity is showing strong performance. The expectation surrounding the release of new P2E (Play to Earn) games in overseas markets appears to be influencing the stock price.
As of 10:25 AM on the 24th, Joycity is trading at 6,520 KRW, up 17.27% from the previous day.
Joycity started the service for 'Gunship Battle: Crypto Conflict' in February and launched 'CryptoBall Z on WEMIX' this month. Both games are P2E titles targeting the global market.
Released globally on the 11th, CryptoBall Z on WEMIX is a hybrid genre mobile game that combines the thrill of shooting with the comfort of idle gameplay. It is Joycity’s second P2E game, promoting itself as a "P2E accessible to everyone."
Users can earn 'Hero Stones' through various content rewards and drone exploration, which can be exchanged for the P2E currency 'HERCO' tokens. The game also introduces commanders as non-fungible tokens (NFTs) to add an element of fun. Acquired commanders can be freely traded on the WEMIX marketplace.
According to the company, CryptoBall Z on WEMIX has attracted about 200,000 new users since its launch. It maintains high rankings not only in Chinese-speaking regions such as Hong Kong, Macau, and Taiwan but also in countries like the United States and Canada.
The recent surge in the price of WEMIX (WEMIX) coin, the base currency of the P&E (Play & Earn) platform WEMIX, is also believed to be influenced by the new game releases. The price of WEMIX rose more than 80%, from 2,400 KRW on the 1st to 4,400 KRW. The upward trend continues amid expectations that the new government will allow P2E games, known domestically as "money-making games."
The P&E games applied to the WEMIX ecosystem include 11 titles such as 'MIR4 Global,' 'Bird Tornado on WEMIX,' 'Jaeshinjeonki on WEMIX,' 'CryptoNado on WEMIX,' 'Galaxy Tornado on WEMIX,' 'Rise of Stars (ROS),' 'Gunship Battle: Crypto Conflict,' 'Yeolhyeol Gangho Global,' 'DarkEdenM,' 'CryptoBall Z,' and 'Forgotz on WEMIX.' By offering these 11 games as blockchain games, WEMIX is solidifying its position as the world’s number one blockchain gaming platform.
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