Gravity and The Sandbox Signed a Partnership Agreement on Ragnarok IP Titles

Rhea-AI Summary

Seoul, Korea – July 27, 2022 – GRAVITY Co., Ltd. (NasdaqGM: GRVY) has entered a partnership with The Sandbox, a metaverse gaming platform. The collaboration involves creating Ragnarok LAND within The Sandbox, featuring various content and NFT items based on the popular Ragnarok IP. Additionally, Gravity will host a Game Jam contest, encouraging users to develop their own games using Ragnarok-themed digital assets. This partnership leverages the strong brand recognition of Ragnarok, providing users with diverse content and gaming experiences.

Positive

• Partnership with The Sandbox enhances Gravity's presence in the metaverse.
• Creation of Ragnarok LAND may attract a broader audience and increase user engagement.
• Game Jam contest promotes creativity and community involvement around Ragnarok IP.

Negative

• None.

Seoul, Korea, July 27, 2022 (GLOBE NEWSWIRE) -- Seoul, May 27, 2022 (GLOBE NEWSWIRE) -- GRAVITY Co., Ltd. (NasdaqGM: GRVY) (“Gravity” or “Company”), a developer and publisher of online and mobile games, today announced that the company signed a partnership agreement with The Sandbox, a metaverse gaming platform.

 

Throughout the partnership, Gravity will build Ragnarok LAND in The Sandbox Metaverse Platform and will present various contents and NFT items based on Ragnarok IP. Gravity also plans to hold the Game Jam which is a contest that users can create their own games with the digital assets themed on Ragnarok characters, monsters and universe. As Ragnarok IP has high brand recognition around the world, users will experience abundant content provided by Gravity and The Sandbox.

The Sandbox is a gaming platform that allows all players to create, to own their games, and to make profits on the metaverse.

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

FAQ

What partnership did GRAVITY Co., Ltd. announce on July 27, 2022?

GRAVITY announced a partnership with The Sandbox to build Ragnarok LAND and provide various content based on the Ragnarok IP.

How will GRAVITY utilize the Sandbox gaming platform?

GRAVITY will build Ragnarok LAND and offer NFT items, along with hosting a Game Jam contest for users to create their own games.

What is the significance of the Ragnarok IP for GRAVITY?

The Ragnarok IP has high brand recognition, which may enhance user experience and content engagement within The Sandbox.

What are the potential benefits of the Game Jam contest for GRAVITY?

The Game Jam contest may drive community engagement and creativity, attracting more users to Gravity's offerings.