Ragnarok Labyrinth NFT will be Re-opened in Southeast Asia on April 27, 2022

Rhea-AI Summary

Gravity Co., Ltd. (NasdaqGM: GRVY) announced the re-opening of Ragnarok Labyrinth NFT on April 27, 2022, following improvements after initial login delays. The game, integrating a play-to-earn system, was launched in Southeast Asia on April 13 with over 1.1 million pre-registered accounts. To address user access issues, Gravity Game Link increased server capacity. The re-launch will offer pre-registration rewards and additional in-game items to attract users back after the upgrade.

Positive

• Over 1 million pre-registered accounts in 22 days.
• Successful launch of Ragnarok Labyrinth NFT in Southeast Asia with significant user interest.
• Increased server capacity to handle user demand.

Negative

• Initial login delays affecting user experience.

Seoul, April 15, 2022 (GLOBE NEWSWIRE) -- 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”), will re-open Ragnarok Labyrinth NFT on April 27, 2022 after improving, which was initially launched in Southeast Asia on April 13.

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 in global including Southeast Asia.

The number of pre-registered accounts has surpassed 1 million in 22 days since March 17, 2022 and more than 1.1 million accounts have been signed up in total. After launching in Southeast Asia on April 13, a large number of users from all over the world entered into the game at once in addition to Southeast Asia caused the login delay.

GGL increased the number of servers immediately to handle this issue, and plans to re-open the game on April 27, 2022 after improving systems such as servers and game access system, etc. The re-opened version of Ragnarok Labyrinth NFT can be pre-installed in Google Play Store and Apple App Store in Southeast Asia.

The additional re-open compensation will be presented as well as the pre-registration reward, and various in-game items will also be provided to return great attention from users.

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

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 date will GRVY's <em>Ragnarok Labyrinth NFT</em> re-open?

Ragnarok Labyrinth NFT will re-open on April 27, 2022.

How many pre-registered accounts did GRAVITY reach for <em>Ragnarok Labyrinth NFT</em>?

The game surpassed 1.1 million pre-registered accounts.

What caused the initial login delays for <em>Ragnarok Labyrinth NFT</em>?

The login delays were caused by a high number of users entering the game simultaneously.

What improvements will be made for the re-opening of <em>Ragnarok Labyrinth NFT</em>?

Improvements include increased server capacity and enhanced game access systems.