Game developer RisingWings enters global blockchain game market with COMPETZ

Seoul, South Korea--(ANTARA/Business Wire)- RisingWings, a subsidiary of KRAFTON, Inc. (KRX: 259960), announced its plans to enter the global blockchain game market with COMPETZ. COMPETZ is a blockchain-based esports service where players can compete and earn rewards based on their skills and experiences.

Leveraging its expertise in developing premier mobile game experiences (Archery King, Bowling King, Mini Golf King, and Golf King: World Tour), RisingWings will develop several new games for the service that will be released within this year. Players will soon be able to compete against other players in easy-to-learn but hard-to-master games, including Solitaire, Bingo, Pool, Mini Golf and Hunting. The winners of these head-to-head matches will win their allocated prize pool (in-game currency), which can be exchanged for cryptocurrency.

COMPETZ will be integrated into BORA, a blockchain platform that focuses on distributing digital entertainment content. The BORA platform will be used by players to acquire the in-game currency needed to play games in COMPETZ as well as exchange that in-game currency for BORA token cryptocurrency.

Additionally, in April, 1,000 COMPETZ profile picture (PFP) NFTs will be minted on the BORA platform. Users who purchase COMPETZ PFP NFTs will receive additional benefits, the details of which will be announced at a later date.

“COMPETZ is developed based on RisingWings’ experience and technology gained through successfully launching many casual sports games in the global market,” said Moon-chul Kang, the vice president of RisingWings. “It will become a service for everyone by providing a fair competition environment where anyone can compete under the same conditions. Based on the partnership with BORA, COMPETZ will maintain a healthy economy ecosystem, with plans to expand options for users through adding and expanding to different blockchain platforms going forward.”

For more details about COMPETZ, please visit https://www.competz.io and follow the service platform on Twitter and Discord.

KRAFTON, Inc. is a collective of independent game development studios brought together to create innovative and engaging entertainment experiences for gamers across the world. The company consists of PUBG Studios, Bluehole Studio, Striking Distance Studios, RisingWings, Dreamotion, Unknown Worlds and 5minlab, each with its own unique expertise.

KRAFTON is responsible for premier entertainment properties including PUBG: BATTLEGROUNDS, NEW STATE MOBILE, The Callisto Protocol, TERA, and ELYON. As a technology-driven company that boasts world-class capabilities, KRAFTON seeks to expand its areas of business beyond games to multimedia entertainment and deep learning. For more information about KRAFTON, please visit https://www.krafton.com.

RisingWings is a South Korean game development studio focused on creating mobile games that are loved and enjoyed by all. RisingWings set out with the mission to become the most popular mobile game provider and continues to build on various successful mobile games from real-time strategy to casual games such as Castle Craft, Castle Burn, Archery King, Bowling King, Mini Golf King, and Golf King: World Tour. For more information about RisingWings, please visit https://en.risingwings.com.

RisingWings

Jihyun Park

jihyun.park@krafton.com