South Korean online gaming giant NCSoft made more than 250 times the return on its investment in SUI tokens in the first half of this year. NCSoft sold 16,908,112 SUI tokens at a price of 1,490 won (about $1.10) each in the first half of this year, bringing total revenue to 25.20 billion won (about $18.60 million). The initial investment was only 100 million won. Last year, NCSoft invested about 300 million won at a price of 6 won each, buying 49,920,806 SUI tokens, most of which were locked. The remaining 32,921,536 tokens will be unlocked in May next year and May 2026.
Notably, in November 2022, NC West, the U.S. subsidiary of NCSoft, invested $15 million in Mysten Labs, the developer of Sui.
South Korean online gaming giant NCSoft has received more than 250 times the return on its investment in SUI tokens
2024-08-16 08:48:40
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