During a November 11th earnings call, NCSoft unveiled plans to create non-fungible token-based games in 2022. The planned title will be a massively multiplayer online role-playing (MMORPG) game that is scheduled to come out in the second quarter of 2022.
It is being reported that this NFT game will follow a play-to-earn business model. This model may also be extended beyond its upcoming catalog of NFT games.
“We are also considering applying the play-to-earn game model to all games developed and distributed by NCSoft,” said Hong Won-jun, NCSoft’s chief financial officer.
This announcement did wonders for NCSoft’s stock. In fact, shares in the company rose by 30% on November 11th, going from $501.57 to $665.94. This matched the company’s daily limit for the first time since January of 2015.
(All information was provided by The Block Crypto)
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