Major Crypto Pair Crypto Score: BNBUSD Extremely Bullish at 100, Dominating as XRPUSD Turn Deeply Bearish 
Natura Q2 Profit Plunges 92% as Financial Expenses Weigh on Earnings 
Nvidia Seen Beating Q2 Targets as Vera Rubin Cycle Begins 
Airbus Joins Air India A320 Altitude Drop Probe 
OpenAI Restricts Astra AI Over Cyberattack Risks 
Delta Flight Makes Emergency Landing in Atlanta After Cockpit Fumes Reported 
Nvidia to Invest Up to $3 Billion in Blackstone-Backed Lancium 
Samsung, SK Hynix Shares Surge on Report of Potential Temasek Investment 
ASX Faces Legal Action Over Failed Blockchain CHESS Project 
NCSoft, one of the leading game developers in South Korea, is jumping into the blockchain bandwagon with the upcoming release of its own NFT play-to-earn games. The company is set to launch its non-fungible token games in 2022.
According to The Korea Economic Daily, the company's plans for its new blockchain-based play-to-earn games were revealed on Thursday, Nov. 11, during its earnings call. Hong Won Jun, NCSoft's chief financial officer, personally shared some details about their NFT games and said they had completed technology reviews related to the creation of their own cryptocurrency and NFT-based multiplayer online role-playing games or MMORPG.
"We are also considering applying the play-to-earn game model to all games developed and distributed by NCSoft," the CFO said. He added that they are targeting the first half of 2022 as the release date for the NFT games.
The games will let players earn money by trading their game items for digital currency or some kind of NFTs. Many blockchain-based games are play-to-earn, and NCSoft is also adopting this gaming model to attract more players and eventually push for business growth. The company may also earn profits by taking commissions from the operations of an NFT exchange.
"The blockchain-based games are becoming a new core business for the gaming industry which has been suffering slow growth," an insider in the gaming business said. "But the play-to-earn game model has its limits because they can be marketed only abroad. They are banned in the domestic market on the reason of fuelling speculation."
At any rate, it was noted that with the growing popularity and interest in NFT games, especially those that allow players to earn, it is not only NCSoft that is set to launch non-fungible token-based games next year. Korea's Smart Times reported that another major game company in South Korea is also unveiling its own NFT-based, play-to-earn games that use blockchain technology.
Netmarble's co-CEO Kwon Young Sik said during the third-quarter earnings call this week they are working on the games right now. "We are currently developing ways to bridge between NFTs and games," the Netmarble chief said. "The details will be announced in early 2022."
