Gravity Co., Ltd. has licensed its flagship Ragnarok IP to Maxion Tech for a new blockchain‑based title, Ragnarok Online Landverse America. Pre‑registration opened on November 17 2025 and will run through December 10 2025, with the game slated to launch on December 11 2025.
The pre‑registration window, which began on November 13 and ends on December 10, offers players exclusive rewards for early participation. The early‑adopter program is designed to generate initial revenue and build a community before the official release, giving Maxion and Gravity a head start in monetizing the new Web3 experience.
Gravity’s financial context underscores the strategic importance of this launch. In Q3 2025 the company reported a 18.7% decline in revenue from the prior quarter, but an 8.2% year‑over‑year increase, with total revenue of KRW 138.9 billion. In Q1 2025 revenue was KRW 137.5 billion, up 6% QoQ and 14.8% YoY. The new title is therefore a key initiative to diversify Gravity’s income beyond its traditional mobile and PC titles.
Maxion Tech, founded in 2021 and incorporated in Thailand on February 22 2022, reported revenue of 7.16 million THB for the fiscal year ending December 31 2022. The licensing model allows Gravity to extend its IP without bearing full development costs, while Maxion brings its Web3 expertise to the project.
The broader Web3 gaming market is expanding rapidly, with player‑owned item ownership and a player‑driven economy at its core. By integrating these features, Ragnarok Online Landverse America positions itself among competitors that are leveraging blockchain to offer true digital ownership and play‑to‑earn mechanics. The move signals Gravity’s intent to keep its flagship IP relevant in a shifting gaming landscape.
Strategically, the partnership represents Gravity’s first foray into Web3, offering a potential new revenue stream and a way to test decentralized monetization models. The licensing arrangement also allows Gravity to focus on IP management while Maxion handles development and operations, reducing risk and capital outlay for the Korean developer.
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