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Redfinger | An Invincible War between NetEase and Tencent in Overseas Gaming Market

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NetEase and Tencent have been competing quite fiercely at home, while this invisible competition still exists abroad. In particular, the two companies have acquired and invested in a large number of console and mobile game makers overseas in recent years. Rebel Wolves, a new studio formed by Konrad Tomaszkiewicz – the former director of The Witcher 3: Wild Hunt and a number of former CDPR senior employees, announced the recent investment from NetEase. Although the exact amount of the investment has not been disclosed, the deal also includes a minority stake. Rebel Wolves is currently developing a narrative-based dark fantasy RPG on UE5, and Konrad Tomaszkiewicz noted, "The studio will maintain full creative control and ownership of its IP. Additionally, it will continue to operate independently. Funding provided by NetEase was the last missing piece needed to go full throttle. With resources available to build a world-class AAA game, we can now focus on what matters most: developm...

Redfinger | Top 10 Gaming Industry News in South Korea in 2022: Nexon, Tecent, …

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The summarization of a series of essential news in the gaming sector in South Korea should not be ignored. Let's take a look at what happened in the past year.  #1: Nexon's Founder Jung-Ju Kim Dies Aged 54 On March 1, 2022, NXC, the shareholding company of Nexon - the biggest gaming company in South Korea, confirmed the death of Nexon founder Jung-Ju Kim on February 28 in Hawaii at the age of 54. Korean Internet, gaming industry organizations, and even Nexon's competitor NCSoft have issued condolences. #2: Wemade's Crypto Token Wemix Delisted November 24 saw the core crypto tokens of Wemade's blockchain gaming platform were requested to be delisted by DAXA, an advisory body for South Korean digital asset exchanges. It should be noted that Digital Asset Exchange Alliance (DAXA) is jointly established by five major Korean exchanges including Upbit, Bithumb, Korbit, Coinone, and Gopax, aiming to prevent the next Terra incident. The reasons are that Wemix's issuance...