Six months after the profitable launch of its PC MMORGP MapleStory N by itself Avalanche-based Henesys blockchain, Nexpace has set the scene for future long run growth.
Nexon’s web3 division, which relies in Abu Dhabi, has introduced the launch of an ecosystem fund that can make investments as much as $50 million to develop each MapleStory Universe and what it hopes can be “the broader Nexpace ecosystem”.
This can embody supporting a wider class of web3 sectors together with UGC, tokenized real-world belongings, AI and monetary infrastructure.
On this method, Nexpace hopes to broaden MapleStory Universe past being only a blockchain game-focused challenge to 1 embracing the entire shopper onchain expertise.
Nevertheless, the fund can be primarily based on the NXPC token and require supported initiatives to work together with MapleStory N as a basis layer, in addition to encouraging what Nexpace calls “completely new methods of experiencing the MapleStory IP“.
Funding for the Ecosystem Fund will come from Nexpace and a gaggle of strategic advisory companions together with VCs reminiscent of Altos Ventures, Chainlink Labs, GSR and Hashed Ventures.
In addition to cash, these companions will present extra providers reminiscent of information early-stage initiatives with help and mentorship, and co-develop ecosystem initiatives.
There can be an inner challenge evaluate and approval course of earlier than any funds are deployed.
“This initiative reflects our belief that the future of gaming experiences and interactive entertainment depends on real-world utility and sustainability,” stated Nexpace’s CEO Sunyoung Hwang.
“The Ecosystem Fund plans to serve as a catalyst for the expansion we’ve already been driving beyond games. It will accelerate our vision of building a connected universe where digital finance, AI, and builder innovation together form the foundation of a sustainable, player-driven economy.”
