Gravity and The Sandbox host the Ragnarok Game Jam

Rhea-AI Summary

On September 7, 2022, GRAVITY Co., Ltd. (NasdaqGM: GRVY) announced the 20th anniversary celebration of its MMORPG Ragnarok Online with the launch of the Ragnarok Game Jam in collaboration with The Sandbox. This event invites participants to create their own games within the Ragnarok universe, utilizing tools like VoxEdit and Game Maker provided by The Sandbox. A total of 250,000 SAND will be awarded as prizes, encouraging diverse participation in the contest. This partnership was formalized on July 27, 2022, enhancing the company's presence in the metaverse gaming landscape.

Positive

• Celebration of the 20th anniversary of Ragnarok Online, enhancing brand visibility.
• Collaboration with The Sandbox, expanding potential audience and engagement in metaverse gaming.
• 250,000 SAND prize pool likely to attract participants and generate buzz around the event.

Negative

• None.

Seoul, Korea, Sept. 07, 2022 (GLOBE NEWSWIRE) -- Seoul, South Korea – September 07, 2022 – GRAVITY Co., Ltd. (NasdaqGM: GRVY) (“Gravity” or “Company”), a developer and publisher of online and mobile games, today announced that to celebrate the 20th anniversary of the MMORPG Ragnarok Online, Gravity is holding the Ragnarok Game Jam with The Sandbox from September 7th.

The Game Jam is a contest where participants create their own games in metaverse by utilizing Ragnarok worldview and story. The Sandbox is providing the participants with the VoxEdit and Game Maker for the Game Jam.

250,000 SAND rewards will be given as the total prize, and the award category is more diversified for anyone to easily participate in the contest.

The Sandbox is a gaming platform where any player can create, own their games, and make profits on the metaverse. The Sandbox signed a partnership agreement with Gravity on July 27, 2022.

Ragnarok Game Jam Official Website: https://www.kr.sandbox.game/ragnarok
Ragnarok Game Jam Promotional Video: https://www.youtube.com/watch?v=iJVTwd1URE0

About GRAVITY Co., Ltd. ---------------------------------------------------

Gravity is a developer and publisher of online and mobile games. Gravity’s principal product, Ragnarok Online, is a popular online game in many markets, including Japan and Taiwan, and is currently commercially offered in 91 markets and countries. For more information about Gravity, please visit http://www.gravity.co.kr.

Contact:

Mr. Heung Gon Kim
Chief Financial Officer
Gravity Co., Ltd.
Email: kheung@gravity.co.kr

Ms. Somin Kim
Ms. Jeesun Lim
IR Unit
Gravity Co., Ltd.
Email: ir@gravity.co.kr
Telephone: +82-2-2132-7800

FAQ

What is the Ragnarok Game Jam announced by GRAVITY on September 7, 2022?

The Ragnarok Game Jam is a contest where participants create games using the Ragnarok Online universe in collaboration with The Sandbox.

What is the total prize for the Ragnarok Game Jam?

The total prize for the Ragnarok Game Jam is 250,000 SAND, distributed among diverse award categories.

When did GRAVITY announce its partnership with The Sandbox?

GRAVITY announced its partnership with The Sandbox on July 27, 2022.

What tools are participants using for the Ragnarok Game Jam?

Participants in the Ragnarok Game Jam are utilizing VoxEdit and Game Maker tools provided by The Sandbox.

How does the Ragnarok Game Jam impact GRVY shareholders?

The Ragnarok Game Jam may enhance brand visibility and attract new users, which could positively influence GRVY's market position.