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Games & Commerce

NHN and Neowiz hold up in Q1 on web board games

NHN and Neowiz relied on web board games in the first quarter as the impact from major new releases was limited. Payment indicators improved after a change in the regulatory environment, including a higher monthly spending cap for web board games that took effect on Feb. 3. NHN reported rising average revenue per paying user across all web board titles and sharp growth for its Royal Hold\'em game tied to offline tournaments. Neowiz also cited a rebound in ARPPU for its web board games, supporting mobile revenue growth.

Games & Commerce

NHN Q1 operating profit falls 5 percent on ahead-of-curve AI infrastructure investment

NHN said its first-quarter operating profit fell 5 percent from a year earlier as it reflected costs for upfront investment in artificial intelligence infrastructure, including building AI GPU infrastructure. The company posted a 11.9 percent rise in quarterly sales to 671.4 billion won and operating profit of 26.3 billion won. Revenue rose across payments, games and technology, while NHN also announced a 16.7 billion won share buyback to be fully cancelled.

Crypto

Following the crowd costs you - Vitalik Buterin reveals secret of contrarian bets

Vitalik Buterin, co-founder of Ethereum, criticised structural flaws in prediction markets and described how he profited by betting against irrational crowd sentiment. He warned that prediction markets are turning into gambling-like products and urged a shift toward hedging strategies. Buterin said he made about a 16 percent return by placing roughly $440,000 in bets on Polymarket and earning $70,000. He also outlined a hedging-based finance model that could ultimately replace fiat money.