Game developer RisingWings issues first NFT for COMPETZ

Seoul, South Korea--(ANTARA/Business Wire)- RisingWings, a subsidiary of KRAFTON, Inc. (KRX: 259960), today announced its first Profile Picture (PFP) NFT minting will be issued through its global blockchain-based esports service, COMPETZ.

PFP NFTs will be able to be used as profile images for COMPETZ and 1,000 PFPs will be issued in the first minting. Users who have made an advanced deposit from May 9 at 7 p.m. to May 10 at 7 p.m. KST (UTC+9) may participate in the minting. The PFPs will be available for purchase on the blockchain platform BORA PORTAL for one hour starting on May 10 at 8 p.m. KST (UTC+9).

Users who purchase COMPETZ PFP NFTs will receive additional benefits. Please see below for a breakdown of benefits that users can expect for purchasing a PFP:

• COMPETZ Benefits - Users who purchase PFPs will be given the chance to receive a portion of the revenue from entry fees of games that will be playable on COMPETZ later this year. There will be five different levels of PFP rarity, Legendary, Epic, Rare, Uncommon and Common, and users will receive greater rewards the rarer the PFP is. If users own two or more PFPs, the applied benefits will stack.

• Whitelist - Users who purchase a PFP will be added to a whitelist for additional minting opportunities in the future. These whitelists will allow users the right to participate first in future NFT mintings or purchase them at a cheaper price.

• Airdrop Event - The Airdrop Event will be available for PFP purchasers and will award one person 1,000 BORA Tokens (tBORA) and 300 tBORA will be awarded to users who have purchased three or more PFPs.

“To drive excitement for the upcoming games to be serviced in COMPETZ, we have scheduled the first official PFP minting for users to enjoy,” said RisingWings Vice President Moon-chul Kang. “In addition to the first PFP minting, we are also planning to issue a game skin NFT, so please stay tuned for more information about the various events we have scheduled for the future.”

COMPETZ is a blockchain-based esports service where players can compete and earn rewards based on their skills and experience. 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.

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.

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RisingWings

Jihyun Park

jihyun.park@krafton.com