Seoul, South Korea–(BUSINESS WIRE)–Rising wingsa subsidiary of KRAFTON, Inc. (KRX: 259960), announced plans to enter the global blockchain gaming 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 best-in-class mobile gaming experiences (archery king, king of bowling, mini golf kingand Golf King: World Tour), RisingWings will be developing several new games for the service that will be released this year. Players will soon be able to compete against other players in games that are easy to learn but difficult to master, including Solitaire, Bingo, Billiards, Mini Golf and Hunt. The winners of these head-to-head matches will earn their assigned prize pool (in-game currency), which can be exchanged for cryptocurrency.
COMPETZ will be integrated into BORA, a blockchain platform that focuses on the distribution of 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 to exchange this in-game currency for the BORA token cryptocurrency.
In addition, in April, 1,000 NFTs with COMPETZ Profile Picture (PFP) will be minted on the BORA platform. Users who purchase COMPETZ PFP NFTs will enjoy additional benefits, details of which will be announced later.
“COMPETZ is developed based on RisingWings’ experience and technology gained from the successful launch of many casual sports games in the global market,” said Moon-chul Kang, Vice President of RisingWings. “It will become a service for all by providing a fair competition environment where everyone can compete under the same conditions. Based on the partnership with BORA, COMPETZ will maintain a healthy economic ecosystem, with plans to expand options for users by adding and expanding different blockchain platforms in the future.
About KRAFTON, Inc.
KRAFTON, Inc. is a collective of independent game development studios united to create innovative and engaging entertainment experiences for gamers around the world. The company consists of PUBG Studios, Bluehole Studio, Striking Distance Studios, RisingWings, Dreamotion, Unknown Worlds, and 5minlab, each with their own unique expertise.
KRAFTON is responsible for leading entertainment properties, including PUBG: BATTLEGROUNDS, NEW STATE MOBILE, The Callisto Protocol, TERAand ELYON. As a technology-driven company with world-class capabilities, KRAFTON seeks to expand its business areas beyond gaming, into multimedia entertainment and deep learning. For more information about KRAFTON, please visit https://www.krafton.com.
About Rising Wings
RisingWings is a South Korean game development studio focused on creating mobile games that everyone loves and enjoys. RisingWings is on a mission to become the most popular mobile game provider and continues to build on various hit mobile games, from real-time strategy to casual games such as Castle Craft, Castle Burn, archery king, king of bowling, mini golf kingand Golf King: World Tour. For more information on RisingWings, please visit https://en.risingwings.com.