Nexon's Blockchain game subsidiary Nexon Universe took part in a paid-in capital increase for an intermediate holding company based in the United Arab Emirates (UAE).
Nexon Universe said on Jan. 21 that it will acquire 10 million shares issued by Nexon Universe Global Limited for $10 million (about 14.641 billion won).
Nexon Universe is a Blockchain game corporations under Nexon Korea, and Nexon Universe Global is an intermediate holding company that has NEXPACE, the issuer of the cryptocurrency "NXPC," as a subsidiary.
In May last year, Nexon Universe, through NEXPACE, unveiled MapleStory Universe's flagship title "MapleStory N," an online game incorporating non-fungible token (NFT) technology and a Blockchain game ecosystem. The cryptocurrency NXPC, issued alongside the game's launch, was listed last year on major domestic and overseas cryptocurrency exchanges including Binance, Bithumb, and Upbit.