HQ NETWORKXbox One | Xbox | InstallerDeluxe.Com 1,163 HQ Network UsersHQ Network: 1,163 | Members OnlineGuests: 341 |Guests OnlineMembers: 1

  Active Topics  | Achievements  | Cheats  | Downloads  | Feedback  | Forums  | Games  | Hardware  | My Profile  | News  | Reviews  | Tutorials  | Leaderboards  | Videos

Kakao Games Announces 15 million USD Investment In Play..

Catch up on everything Xbox including the latest Gaming News, Release Dates, DLC, Xbox Live and Modding..

Browse All News |  Write for Us |  Most Popular |  Browsing: 34 SEARCH XBOX NEWS:      
Get Xbox Game Pass Ultimate

Kakao Games Announces 15 million USD Investment In Playable Worlds

Kakao Games Announces 15 million USD Investment In Playable Worlds
Published by forahobby on Thursday, May 19, 2022
Tagged: Gaming,

Korean game publisher Kakao Games has announced a 15 million USD strategic investment from Kakao Games Europe B.V. in American independent game developer, Playable Worlds, as part of its increasing global profile and ambitious growth strategy. Playable Worlds focuses on Cloud-Native Games and a Metaverse platform. Kakao Games led the Series B round, which totaled over 25 million USD including participation from other investors.

Kakao Games Increases Its Global Profile With 15 Million USD Investment In Playable Worlds

Playable Worlds is established by developers from ‘Ultima Online’, which is considered to be the pioneer
of MMORPGs, and Metaplace, a game platform that was acquired by Disney in 2010, together with industry-leading developers.

The company was founded in 2018 by well-known developer Raph Koster, who has worked on ‘Ultima Online’, ‘Star Wars Galaxies’, ‘Metaplace’, and Eric Goldberg, four-time entrepreneur and designer of ‘MadMaze’, the Prodigy Online Service game that was the first online game to reach one million players. Its current talent pool consists of fellow veterans in the game industry, as well as many talented developers from Sony Online and Disney Playdom, and Blizzard.

Playable Worlds is currently at work developing its first Cloud-Native sandbox MMO game and metaverse platform, which is expected to be announced in 2023.

Kakao Games’ CEO, Kyehyun Cho notes: “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.

“We are very pleased to be working with Kakao Games, a publisher well received in both the Korean and global markets.“ says Raph Koster, CEO of Playable Worlds. “We will deliver innovative Cloud-Native gaming experiences for players worldwide.”

Meanwhile, in January, Kakao Games also made a 20 million USD strategic 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.’ Overall, Kakao Games continues to expand its growth in global markets by securing promising investment opportunities for development resources.

( Subscribe via )

Associated Topics


Rate this Article

Average Score: 0 | Votes: 0


 Printer Friendly Printer Friendly  Send to a Friend Send to a Friend
Get Xbox Game Pass Ultimate for $1

Latest Xbox 360 News

Xbox 360 NewsSCATHE gets an August 31st release date on PC; Console versions to follow!
Kwalee and Damage State announced that their adrenaline fueled, classic FPS, Scathe, will launch on PC via Steam and Epic Games Store on 31st August, 2022. The console versions will follow in early 20..

Lemon Cake arrives in September on Xbox, PlaySt..

As Dusk Falls drops July 19th..

3 Sports to Give a Go on Xbox..

'The Callisto Protocol' coming to Console & PC ..

Xbox 360 News | Submit News

Xbox 360 News Archive

   Thursday, June 30
 HUMANKIND pre-order's go LIVE on Xbox One & X

   Wednesday, June 29
 Xbox360F1 Manager 2022 Now Available To Pre-order On

   Tuesday, June 28
 Xbox3602D platformer 'Nummels' is available now for

   Monday, June 27
 Xbox360Grid Force releases in August on Xbox, Switch
 7 Upgrades That Will Take Your Gaming Experie
 Call Of Duty: Modern Warfare II arrives Oct.
 Evil West is coming to Xbox Series X|S, PS4,

   Friday, June 24
 Xbox360'Spellforce III' Reforced Now Available For X

   Thursday, June 23
 Xbox360Deliver Us Mars releases September 27 on all
 Spacelines from the Far Out is out now on Xbo

   Wednesday, June 22
 Xbox360Charon's Staircase climbing its way to consol
 Keeping the Gamers Wanting an Xbox until 2023
 Madden NFL 23 kicks off on August 19th
 Four of Xbox Game Pass's Finest Turn-Based St

   Monday, June 20
 Xbox360Star Wars Jedi Survivor launches in 2023 on X

   Friday, June 17
 Xbox360Endling Extinction Is Forever out this week

   Thursday, June 16
 Xbox360Warhammer 40,000: Darktide now available to p

   Wednesday, June 15
 Xbox360The Delicious Last Course 'Ms. Chalice' Enhan
 Train Sim World 2: Spirit of Steam Is Now Ava
 Steve Jackson's Sorcery! The Complete Collect

   Tuesday, June 14
 Xbox360Hellpoint makes the leap to next-gen consoles
 Two Point Campus coming to console & PC on Au
 Farming Simulator 22's Kubot DLC Pack arrives

   Monday, June 13
 Xbox360Fall Guys Launches for Free On June 21st
 Soulstice Coming to Xbox Series X|S, PS5, & P
 Best Casino Games of 2022

   Friday, June 10
 Xbox360World of Warships Gets a Barrage of Content U

   Thursday, June 09
 Xbox360Deliver Us The Moon 4K Remaster Launches June
 Dying Light 2 Stay Human's story DLC delayed
 Square Keeper is coming to all platforms this

See All Xbox 360 News | Xbox 360 News Archive

HQ Network Affiliates

Xbox One Games
Xbox One X Games
Commodore Cardboards
Xbox Achievements
Xbox One Forums
Xbox Series X|S News
Xbox 360 Cheats
Xbox Cheats
Xbox 360 Achievements
Xbox 360 Cheats
View All HQ Affiliates
Get Xbox Game Pass Ultimate for $1