Nexus recorded an operating profit of 281 million won in the second quarter of this year, achieving profit for two consecutive quarters.
According to the Financial Supervisory Service's electronic disclosure system on the 5th, Nexus reported a second-quarter revenue of 9.328 billion won and an operating profit of 281 million won. Revenue increased by 41.3% (2.728 billion won) compared to the same period last year, and operating profit rose by 4.329 billion won. The net loss for the period was calculated at 1.893 billion won.
Nexus laid the foundation for its blockchain platform by launching the mainnet "Adventure" and the integrated application "CrossX" in the first half of this year. Subsequently, it strengthened its game lineup by onboarding games such as "Rohan2" and "Project N." The community-based platform "Cross Play" surpassed one million cumulative subscribers. Additionally, it is expanding its content diversity and creative environment through strategic collaborations with companies such as "Pied Pixels" and "Versus8."
It is also preparing a stablecoin to be a key component of its business. The name "KRWx" was pre-registered on the BNB chain, and a trademark application has been filed, while the establishment of a dedicated organization and recruitment of specialized personnel have increased execution capacity. For its financial strategy, Nexus adopted a treasury strategy that balances the operation of Bitcoin (BTC) and stablecoins in a 50:50 ratio. On that day, Nexus' board of directors resolved to purchase 3 billion won worth of Bitcoin.
Cross Coin started trading on domestic exchanges like Kobit and Coinone, following global exchanges such as Binance Alpha and Bitget, completing a platform economy structure that connects games and tokens. Accordingly, Nexus will accelerate the enhancement of the Cross platform starting in the second half of the year.
Recently, it opened the teaser page for "Rohan2" and announced the onboarding schedule for "Pixel Heroes Adventure." Additionally, it made a strategic investment in a blockchain SLG genre developer founded by a developer from China's NetEase.
Jang Hyun-guk, CEO of Nexus, said, "We have secured our platform lineup through investments and partnerships with developers and established a foundation for the stablecoin business," adding, "In the future, we will strengthen platform competitiveness by onboarding games and the stablecoin business as dual pillars."