ncsoft

ChainCatcher news, South Korean gaming giant NCSoft achieved over 250 times return on its investment in SUI tokens in the first half of this year. In the first half of this year, NCSoft sold 16,908,112 SUI tokens at a price of 1,490 KRW (approximately 1.10 USD) each, generating a total revenue of 25.2 billion KRW (approximately 18.6 million USD). The initial investment was only 100 million KRW. Last year, NCSoft invested about 300 million KRW at a price of 6 KRW per token, purchasing 49,920,806 SUI tokens, most of which were locked. The remaining 32,921,536 tokens will be unlocked in May next year and May 2026.It is worth noting that in November 2022, NCSoft's U.S. subsidiary NC West invested 15 million USD in Sui's developer Mysten Labs.

ChainCatcher news, according to VentureBeat, as part of the $300 million funding previously announced by Mysten Labs, the South Korean online gaming company NCSoft has invested $15 million in Mysten Labs. This funding will be used to drive the development of the Sui Layer 1 blockchain as infrastructure for Web3 games and other projects.It is reported that NCSoft was founded in 1997 and is headquartered in South Korea, with subsidiaries around the world, releasing online and mobile games for millions of fans. NCSoft established a joint venture subsidiary in Taiwan with Game Orange, named NC Taiwan Co., Ltd. (NC Taiwan, NCT), which operates games such as Lineage, Aion, and Blade & Soul.Previously, ChainCatcher reported in September this year that the Sui development team, Mysten Labs, announced the completion of a $300 million funding round led by FTX Ventures, with participation from a16z Crypto, Jump Crypto, Apollo, Binance Labs, Franklin Templeton, Coinbase Ventures, Circle Ventures, and Lightspeed Venture Partners, A&T Capital. (source link)