Leading gaming company NCSOFT partners with Mysten Labs

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  • Mysten Labs (“Mysten” or the “Company”), a provider of web3 infrastructure and the creator of the Sui Layer 1 blockchain, announced today that it has partnered with NCSOFT, one of the world’s leading gaming developers and publishers. In accordance with the terms of the agreement, NCSOFT contributed $15 million to Mysten as part of the $300 million Series B fundraising round that gave the company a $2 billion valuation. In the future, the two organizations plan to work together to develop more player-focused and engaging digital entertainment experiences using Sui.

Mysten Labs (“Mysten” or the “Company”), a provider of web3 infrastructure and the creator of the Sui Layer 1 blockchain, announced today that it has partnered with NCSOFT, one of the world’s leading gaming developers and publishers. In accordance with the terms of the agreement, NCSOFT contributed $15 million to Mysten as part of the $300 million Series B fundraising round that gave the company a $2 billion valuation. In the future, the two organizations plan to work together to develop more player-focused and engaging digital entertainment experiences using Sui.

NCSOFT’s President and Chief Strategy Officer, Dr. Songyee Yoon, stated: “The use of blockchain technology could result in new and creative player experiences. We are thrilled to work with Mysten because he shares our vision for the technology as a platform for a truly distributed player-centric economy, a love of community building, and a commitment to reliable technology, all of which are essential for those who want to create platforms with the desired scope and impact.”

Former Meta’s Novi Research executives and the chief creators of the Diem blockchain and Move programming language founded Mysten in 2021. Sui, the first product released by the company, is a decentralized proof-of-stake blockchain that builds on significant advancements in consensus algorithms and makes use of unique data structures to produce a high-performance, low-cost Layer 1.

“Bringing gaming to web3 requires infrastructure that can support millions of players while enabling these players to own and interact with fully on-chain, dynamic, and composable digital assets,” said Sam Blackshear, co-founder and chief technology officer of Mysten and the inventor of the Move programming language. Sui’s object-oriented architecture and scalability make it an excellent choice for developers who want to create dense games that utilise on-chain components, bring in enough money, and most importantly, provide a top-notch user experience. has come under attack.

Co-Founder and Chief Executive Officer of Mysten Evan Cheng remarked, “A well-known brand in the gaming industry, NCSOFT has a long history of creating enjoyable, cutting-edge experiences that have drawn millions of devoted players from all over the world. We are appreciative of NCSOFT’s financial backing and relationship, which speaks volumes about Sui’s strength as the go-to blockchain for gaming apps.”

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