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Netmarble acquires Itam Games to reinforce its NFT games division

Getting in the race of P2E games and NFTs

Netmarble CEO Kwon Young-sik and Lee Seung-won have announced on January 12 that its subsidiary company Netmarble FNC has officially acquired another gaming company named Itam Games. Netmarbe has decided to acquire Itan Games because it specializes and is also based on NFT and blockchain technology

Netmarble plans to introduce NFT and blockchain in their games with this acquisition

Netmarble FNC with CEO Woo-Won Seo sees the acquisition as an opportunity to introduce blockchain technology to the game that is going to be developed by the company, which in turn will help in speeding up the penetration into the global P2E (Play to Earn) and Non-Fungible Token (NFT) markets.

Champions: Ascension release

“Based on our experience of releasing P2E games to multiple networks, we will do our best to quickly apply blockchain technology to Netmarble FNC games and provide stable services,” said Gil Ah-seong, CEO of ITAM Games. Seo Woo-won, CEO of Netmarble FNC, said, “This year will mark a huge turning point in the global game market.”

Netmarble has already started its journey into the world of NFT Games with its North American subsidiary, Jamcity titled Champions: Ascension that is scheduled for a 2022 release. The game is currently in early stages and promises to bring excitement for both crypto enthusiasts and gamers

Itam Games specialises in middleware technology 

Itam Games was established as a company in 2018. Their CEO is Gil Ah-seong. The company deals with middleware technology that applies P2E systems to mobile games in a very short period of time and effectively is able to do so. They also have rich experience and professional expertise in building NFT Marketplaces.

Itam Games is supposedly servicing blockchain games on the Binance Smart Chain and is expected to play a very big role in the metanomics ecosystem that is getting build by the team present at Netmarble FNC in this coming future.

What are your thoughts that Netmarble has acquired Itam Games? Let us know in the comments below!

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