Ragnarok Labyrinth NFT Exceeds over 1 million Downloads in Southeast Asia

Rhea-AI Summary

GRAVITY Co., Ltd. (NasdaqGM: GRVY) announced that its game Ragnarok Labyrinth NFT surpassed 1 million downloads in Southeast Asia on the first day of its re-opening on April 27, 2022. This innovative title, developed in partnership with ONBUFF Inc., utilizes a Play-to-Earn (P2E) system and NFT elements. The game achieved notable rankings, placing second in Apple App Store's top grossing in Thailand and third in the Philippines, while also securing the top spot for new free games on Google Play in the Philippines. The event showcases the strong popularity of the Ragnarok IP in the region.

Positive

• Over 1 million downloads in Southeast Asia on re-opening day.
• Ranked second and third in top grossing Apple App Store in Thailand and the Philippines.
• Achieved first place in top new free games on Google Play in the Philippines.
• Set a record for maximum concurrent users in 3 hours on re-opening day.

Negative

• None.

Seoul, April 28, 2022 (GLOBE NEWSWIRE) -- GRAVITY Co., Ltd. (NasdaqGM: GRVY) (“Gravity” or “Company”), a developer and publisher of online and mobile games, today announced that Ragnarok Labyrinth NFT re-opened on April 27, 2022 has exceeded over 1 million downloads in Southeast Asia.

Ragnarok Labyrinth NFT is the first NFT title using Ragnarok IP cooperated with ONBUFF Inc., a blockchain platform company, and the game applies P2E system and NFT to The Labyrinth of Ragnarok, a mobile Time Effective MMOPRG game.

Over 1 million downloads have been reached on the first day of its re-opening on April 27, 2022, and stable services for game play with improving a large scale of servers have been successfully provided to users.

The game ranked as the second and the third in top grossing of Apple App Store in Thailand and the Philippines, respectively, and also ranked as the first in top new free games of Google Play in the Philippines. On top of the high-rankings, the popularity of Ragnarok IP in Southeast Asia has been proved by breaking the existing record of maximum number of concurrent users in 3 hours on its re-opening day.

PT Gravity Game Link, the subsidiary in Indonesia, is offering various events to celebrate the re-opening of Ragnarok Labyrinth NFT from April 27 to May 4, 2022.

[Ragnarok Labyrinth NFT_Official Website] https://labyrinthnft.gnjoy.id

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. Hyeji An
IR Unit
Gravity Co., Ltd.
Email: ir@gravity.co.kr
Telephone: +82-2-2132-7800

FAQ

What is the significance of the 1 million downloads for GRVY?

The 1 million downloads highlight the successful reception of Ragnarok Labyrinth NFT in Southeast Asia, which can positively impact GRVY's market performance.

When did <em>Ragnarok Labyrinth NFT</em> re-open?

The game re-opened on April 27, 2022.

What partnerships does <em>Ragnarok Labyrinth NFT</em> have?

The game was developed in collaboration with ONBUFF Inc., a blockchain platform company.

How did <em>Ragnarok Labyrinth NFT</em> perform in app store rankings?

It ranked second in Thailand and third in the Philippines on the Apple App Store, and first in the new free games category on Google Play in the Philippines.

What type of game is <em>Ragnarok Labyrinth NFT</em>?

Ragnarok Labyrinth NFT is a mobile MMORPG that incorporates NFT and P2E systems.