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Korean law on gamers may make metaverse useless

The possibility of earning non-fungible tokens (NFT) in virtual gaming worlds shook the market and led to a rapid increase in the stock prices of a number of companies, until it became apparent that NFTs may be stuck in these virtual worlds. NFTs ...

2022-01-24

Wemix crypto collapse yields vague offer of compensation

Wemade said that it will find ways to compensate investors in its Wemix cryptocurrency after the coin lost almost 70 percent of its value. The company had been selling Wemix coins to finance investments. In a YouTube livestream on Thursday, CEO ...

2022-01-13

Game stocks discover gravity in 2022

Game stocks are nosediving this year after a gravity-defying 2021 thanks to their connections with the metaverse and non-fungible tokens (NFT), two fads that thrilled punters last year.

2022-01-13

Wemade acquires game developer SundayToz

Game publisher Wemade has acquired a 100 percent stake in mobile game developer SundayToz for 100 billion won ($84 million), the company said Monday. SundayToz is a casual game developer that released the hit mobile game Anipang series. It also ...

2021-12-20

New feature on Seoul city app may mean less visits to your district office

The Seoul city government introduced a new blockchain-based service that aims to allow people moving homes to obtain necessary administrative documents online without having to visit a bank or respective public offices.

2021-12-08

Game maker WeMade shares tumble after bitcoin slump

Shares of game maker WeMade plunged by over 10 percent Monday following a steep fall in bitcoin prices over the weekend.

2021-12-06

At G-Star, NFTs were the stars despite legal issues

Non-fungible tokens (NFTs) and blockchain technology are the two defining pillars of next-generation games, but Korean game law prohibiting users from generating profit through their gameplay makes it illegal for Korean companies to implement ...

2021-11-22

First digital asset-backed securities to start trading

Trading in government-approved digital asset-backed securities (ABS) will commence Friday with the listing of a commercial building in Yeoksam, southern Seoul.

2020-12-16

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