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 is predicated 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 will likely be “the broader Nexpace ecosystem”.
This can embody supporting a wider class of web3 sectors together with UGC, tokenized real-world property, AI and monetary infrastructure.
On this means, Nexpace hopes to broaden MapleStory Universe past being only a blockchain game-focused challenge to at least one embracing the entire client onchain expertise.
Nonetheless, the fund will likely be primarily based on the NXPC token and require supported tasks to work together with MapleStory N as a basis layer, in addition to encouraging what Nexpace calls “solely 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 resembling Altos Ventures, Chainlink Labs, GSR and Hashed Ventures.
In addition to cash, these companions will present further companies resembling information early-stage tasks with help and mentorship, and co-develop ecosystem initiatives.
There will likely be an inner challenge overview and approval course of earlier than any funds are deployed.
“This initiative displays our perception that the way forward for gaming experiences and interactive leisure relies on real-world utility and sustainability,” mentioned Nexpace’s CEO Sunyoung Hwang.
“The Ecosystem Fund plans to function a catalyst for the growth we’ve already been driving past video games. It would speed up our imaginative and prescient of constructing a linked universe the place digital finance, AI, and builder innovation collectively type the muse of a sustainable, player-driven financial system.”
