news | Announcement of participation in 'Flyff Online', 'Rappelz Online', and…
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231219_Announcement of participation in Flyff Online, Rappelz Online, and Flyff Legacy Korean tournament gaming platform GemPION.docx.pdf
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DATE : 2023-12-28 12:07:47
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https://www.gemhub.io/
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https://gempion.io/tournaments
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Gala Lab Corp (CEO: Hyun Soo Kim, Song Nam, Korea), a consolidated subsidiary of Gala, is pleased to accounce that it has joined GemPION, a gaming tournament platform operated by BPMG Co, Ltd (CEO: Ji Hoon Cha, Korea).
1. Overview
GemPION is a Web 3.0 gaming platform that includes many elements that allow game users to actively enjoy the game, such as enjoying tournaments among game users, participating in various missions, and receiving rewards in cryptocurrency, provided by BPMG Co,. in collaboration with global blockchain company Everscale. SEAL M (local name SEAL M), which is currently being serviced in Southeast Asia by Playwith Inc. has joined the lineup, and PC online games "Flyff Online" and "Rappelz Online" and mobile games "Flyff Legacy" developed and serviced by Gala Lab Corp. have been included in the lineup and can be enjoyed on GemPION, with GHUB as a prize for winning tournaments.
Through GemPION, Gala Lab Corp. aims to strengthen user cohesion, expand and increase the value of GemHUB.
2. Overview of BPMG Co,. Ltd
Founded in August 2021, blockchain company BPMG Co,. Ltd provides blockchain-specific technologies and services, including the development of the multi-chain wallet KMINT blockchain platform, STO business, infrastructure construction and operation, and GameFi(※1) construction. BPMG Co,. Ltd provides various blockchain services and technologies, including GemHUB, a blockchain gaming platform, and KMINT, an all-in-one multi-chain wallet, and BPMG Co,. Ltd's key personnel have experience in planning and building blockchain token ecosystems and providing stable services. CEO Chae Hoon Cha led the game business at Nexon and Smilegate, and joined the blockchain industry in 2019 and contributed to the success of the BORA project as the head of BORA NETWORK, completing a series A investment of KRW 7 billion and working to create a healthy blockchain ecosystem in various industries such as finance, games, entertainment, and digital assets with partners such as KOSDAQ-listed ITCEN, Megazone, and Hyosung Group's Galaxy Metaverse. He also operates CREDER, a joint venture co-founded in 2022 with ITCEN GROUP.
3. Overview of Web3.0
Web 3.0 refers to a more personalized, human-centered web ecosystem that utilizes technologies such as artificial intelligence and blockchain, unlike the current centralized Web 2.0 led by big tech platforms. Based on blockchain technology, Web 3.0 grants data sovereignty to users instead of monopolizing data by a few platforms, and allows individuals to store, use, and own their own data, resulting in high security and anonymity.
The Web 3.0 game market is expected to grow at a CAGR of about 18% from 2021 to 2032, reaching about USD 30 billion (KRW 40 trillion) by 2032. While Web 3.0 gaming is not yet a mass market, blockchain gaming activity is growing significantly. Blockchain gaming activity has increased by more than 2,000% since 2021, and the number of unique active wallets (UAWs) related to web 3.0 games reached 1 million in 2021, and is expected to grow more than 5 times by 2025. (Korea Creative Content Agency, Global Game Industry Trends May/June 2023)
4. Overview of GemHUB
GemHUB is a blockchain gaming platform project launched in 2022 by blockchain company BPMG Co,. Ltd, to support games without a blockchain foundation. Since its initial unveiling in 2022, GemHUB has been continuously expanding and upgrading, evolving into GemHUB 2.0 as of December 2023, and has partnered with cloud specialist Megazone, cultural content company Barunson Labs, game publishing company PlayWith, and game developer Gala Lab Corp. to increase the utilization of the platform, and is working to partner with more diverse companies and services.
The 7 billion won investment, which Megazone partially participated in, is ensuring the stable progress of the project, and the active cooperation of game partners including Gala Lab Corp. is expected to quickly establish the platform.
5. Overview of GemPION
GamPION (https://gempion.io/tournaments) is a service provided for games participating in GamHUB, and is expected to maintain and increase the value of the GHUB token by issuing and allowing in-game tokens to be used only within the scale of the GHUB token, the governance token of GamHUB. Now that the public and investors are losing interest due to the emergence of indiscriminate P2E games and the declining value of tokens that operate only in one type of P2E game, it is a P2E ecosystem platform with a sustainable tokenomics and governance structure with the participation of several game companies.
(※1）GameFi is a new word that combines Game and Finance. Games utilizing blockchain technology use cryptocurrency (virtual currency) as in-game currency, and in the case of popular games, that currency is traded on cryptocurrency exchanges so that the currency earned can be exchanged for Japanese yen or dollar, etc.
《contact info》
Email: ir@gala.jp
1. Overview
GemPION is a Web 3.0 gaming platform that includes many elements that allow game users to actively enjoy the game, such as enjoying tournaments among game users, participating in various missions, and receiving rewards in cryptocurrency, provided by BPMG Co,. in collaboration with global blockchain company Everscale. SEAL M (local name SEAL M), which is currently being serviced in Southeast Asia by Playwith Inc. has joined the lineup, and PC online games "Flyff Online" and "Rappelz Online" and mobile games "Flyff Legacy" developed and serviced by Gala Lab Corp. have been included in the lineup and can be enjoyed on GemPION, with GHUB as a prize for winning tournaments.
Through GemPION, Gala Lab Corp. aims to strengthen user cohesion, expand and increase the value of GemHUB.
2. Overview of BPMG Co,. Ltd
Founded in August 2021, blockchain company BPMG Co,. Ltd provides blockchain-specific technologies and services, including the development of the multi-chain wallet KMINT blockchain platform, STO business, infrastructure construction and operation, and GameFi(※1) construction. BPMG Co,. Ltd provides various blockchain services and technologies, including GemHUB, a blockchain gaming platform, and KMINT, an all-in-one multi-chain wallet, and BPMG Co,. Ltd's key personnel have experience in planning and building blockchain token ecosystems and providing stable services. CEO Chae Hoon Cha led the game business at Nexon and Smilegate, and joined the blockchain industry in 2019 and contributed to the success of the BORA project as the head of BORA NETWORK, completing a series A investment of KRW 7 billion and working to create a healthy blockchain ecosystem in various industries such as finance, games, entertainment, and digital assets with partners such as KOSDAQ-listed ITCEN, Megazone, and Hyosung Group's Galaxy Metaverse. He also operates CREDER, a joint venture co-founded in 2022 with ITCEN GROUP.
3. Overview of Web3.0
Web 3.0 refers to a more personalized, human-centered web ecosystem that utilizes technologies such as artificial intelligence and blockchain, unlike the current centralized Web 2.0 led by big tech platforms. Based on blockchain technology, Web 3.0 grants data sovereignty to users instead of monopolizing data by a few platforms, and allows individuals to store, use, and own their own data, resulting in high security and anonymity.
The Web 3.0 game market is expected to grow at a CAGR of about 18% from 2021 to 2032, reaching about USD 30 billion (KRW 40 trillion) by 2032. While Web 3.0 gaming is not yet a mass market, blockchain gaming activity is growing significantly. Blockchain gaming activity has increased by more than 2,000% since 2021, and the number of unique active wallets (UAWs) related to web 3.0 games reached 1 million in 2021, and is expected to grow more than 5 times by 2025. (Korea Creative Content Agency, Global Game Industry Trends May/June 2023)
4. Overview of GemHUB
GemHUB is a blockchain gaming platform project launched in 2022 by blockchain company BPMG Co,. Ltd, to support games without a blockchain foundation. Since its initial unveiling in 2022, GemHUB has been continuously expanding and upgrading, evolving into GemHUB 2.0 as of December 2023, and has partnered with cloud specialist Megazone, cultural content company Barunson Labs, game publishing company PlayWith, and game developer Gala Lab Corp. to increase the utilization of the platform, and is working to partner with more diverse companies and services.
The 7 billion won investment, which Megazone partially participated in, is ensuring the stable progress of the project, and the active cooperation of game partners including Gala Lab Corp. is expected to quickly establish the platform.
5. Overview of GemPION
GamPION (https://gempion.io/tournaments) is a service provided for games participating in GamHUB, and is expected to maintain and increase the value of the GHUB token by issuing and allowing in-game tokens to be used only within the scale of the GHUB token, the governance token of GamHUB. Now that the public and investors are losing interest due to the emergence of indiscriminate P2E games and the declining value of tokens that operate only in one type of P2E game, it is a P2E ecosystem platform with a sustainable tokenomics and governance structure with the participation of several game companies.
(※1）GameFi is a new word that combines Game and Finance. Games utilizing blockchain technology use cryptocurrency (virtual currency) as in-game currency, and in the case of popular games, that currency is traded on cryptocurrency exchanges so that the currency earned can be exchanged for Japanese yen or dollar, etc.
《contact info》
Email: ir@gala.jp
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