Kakao Games Invests 15 Million USD In Playable Worlds
Through this investment, Kakao Games plans to secure development capabilities for Cloud-Native games and a metaverse platform.
As part of its increasing global profile and ambitious growth strategy, Korean game publisher Kakao Games has announced a $15 million investment from Kakao Games Europe B.V. in American independent game developer Playable Worlds, which focuses on Cloud-Native Games and a Metaverse platform that is currently at work developing its first Cloud-Native sandbox MMO game. The game is expected to be announced in 2023.
Kakao Games’ CEO, Kyehyun Cho stated: “We're thrilled to be partnering with the veteran pioneers of MMORPG and metaverse. Through this close partnership, we will do our best to successfully lead the ‘Beyond Korea’ Project and build a distinctive game field based on next-gen technology.”
In January of last year, Kakao Games also made a 20 million USD investment in American independent game developer Frost Giant Studios, which was founded in 2020 by industry veterans Tim Morten and Tim Campbell whose development credits include ‘StarCraft II’, ‘Command & Conquer’, and ‘Warcraft III.’ Kakao Games is continuing to grow and expand in a global market through investment opportunities and it should be an interesting game publisher to follow to see where their further investments may take them.
About the Author
Aspen is an avid gamer and Twitch streamer currently residing in Japan. She is most attracted to games narrative design and is a huge fan of player choice in games. If Aspen is not playing games, she is most certainly writing about them.
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