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Ragnarok Labyrinth NFT Official Global Launching on September 22, 2022

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GRAVITY Co., Ltd. (NasdaqGM: GRVY) has launched Ragnarok Labyrinth NFT globally via its Indonesian subsidiary, PT Gravity Game Link, on September 22, 2022. This mobile MMORPG features a play-to-earn (P2E) system and marks the first NFT title based on the popular Ragnarok IP. Upon its re-opening in Southeast Asia, it achieved over 1 million downloads on the first day and ranked highly in app store revenue charts in Thailand and the Philippines. The launch excludes China, Japan, and Korea, with various in-game events planned for players.

Positive
  • Successful global launch of Ragnarok Labyrinth NFT on September 22, 2022.
  • Achieved over 1 million downloads on its first day in Southeast Asia.
  • Ranked second and third in revenue on Apple App Store in Thailand and the Philippines, respectively.
  • Ranked first in best new free games on Google Play Store in the Philippines.
Negative
  • None.

Seoul, Korea, Sept. 22, 2022 (GLOBE NEWSWIRE) -- Seoul, South Korea – September 22, 2022 – GRAVITY Co., Ltd. (NasdaqGM: GRVY) (“Gravity” or “Company”), a developer and publisher of online and mobile games, today announced that its subsidiary in Indonesia, PT Gravity Game Link (“GGL”), has officially launched Ragnarok Labyrinth NFT in global on September 22, 2022.

Ragnarok Labyrinth NFT applies P2E system to The Labyrinth of Ragnarok, a mobile Time Effective MMOPRG game, and the game is the first NFT title using Ragnarok IP which has high recognition globally including Southeast Asia.

Over 1 million downloads have been reached on the first day of its re-opening in South East Asia on April 27, 2022, and the game ranked as the second and the third in the top-grossing of Apple App Store in Thailand and the Philippines, respectively. The game also ranked first in the best new free games on Google Play Store in the Philippines.

PT Gravity Game Link (“GGL”), Gravity’s subsidiary in Indonesia, is publishing The Ragnarok Labyrinth NTF in global excluding only few countries such as China, Japan, and Korea. The publisher will provide users with a variety of events including in-game items and On-buff points.

[Ragnarok Labyrinth NFT_Facebook] https://www.facebook.com/TheLabyrinthofRagnarok/

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


GRAVITY Co., Ltd.

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