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Games & Commerce

Nexon opens Peak dedicated channel for Azur Promilia

Nexon has opened a dedicated channel for its new fantasy world RPG Azur Promilia on its game content community platform Nexon Peak and is recruiting beta participants for the Promilia Creators program through Oct. 30. The channel focuses on sharing fan-made content such as illustrations, comics, cosplay, fan music and goods. Selected creators will receive rewards including up to 1.5 million RP, Google Play gift cards and in-game items.

Crypto

New York, Wyoming streamline reviews of crypto firms, step up regulatory cooperation

Financial regulators in the U.S. states of New York and Wyoming have agreed to cooperate more closely in overseeing cryptocurrency companies. The New York State Department of Financial Services and the Wyoming Division of Banking signed a memorandum of understanding covering licensing, examinations and enforcement. The deal includes sharing review materials and past examination data, coordinating inspection schedules and pursuing joint examinations. Some firms may qualify for an expedited review track, with a target decision within 6 months.

Finance

Kakao woos shareholders on spinoff, targets 1 trillion won AI revenue and 300 billion won buyback cancellation

Kakao is seeking to win over retail shareholders ahead of a planned corporate spinoff into continuing company KakaoX and new unit KakaoAI. KakaoAI aims to begin monetising AI services in 2027 and targets more than 1 trillion won in AI revenue by 2030. KakaoX plans to use gains from selling its stake in Dunamu to buy back and cancel 300 billion won of treasury shares over three years after the split.