Tencent, the Chinese tech giant, is reportedly re-engaging in discussions to acquire South Korean game developer Nexon. This potential acquisition comes as Nexon actively explores blockchain technology through its Web3 subsidiary, NEXPACE, and its flagship MapleStory franchise. The renewed talks highlight Tencent's continued interest in expanding its gaming and blockchain footprint.
Tencent's Renewed Pursuit of Nexon
Tencent has reportedly approached the family of Nexon's late founder, Kim Jung-ju, to discuss a potential acquisition. Kim's family, through NXC Corp and NXMH BV, holds a controlling 44.4% stake in Nexon. While discussions are ongoing, no final terms have been agreed upon, and the outcome remains uncertain. This isn't Tencent's first attempt; a previous deal in 2019 fell through due to pricing disagreements.
Nexon's Blockchain Ventures
Nexon, founded in 1994 and known for its popular online games like the MapleStory franchise, has made significant strides into the blockchain space. In mid-2024, Nexon launched NEXPACE, a dedicated Web3 subsidiary, with a $100 million investment. Headquartered in Abu Dhabi, NEXPACE aims to integrate blockchain into Nexon's core franchises.
Key developments include:
-
MapleStory Universe: A Web3 gateway for the MapleStory IP.
-
MapleStory N: Launched in May 2025, this title incorporates NFT-based item mechanics, gasless transactions, and a native token economy powered by NXPC.
Tencent's Broader Blockchain Strategy
Despite a recent downturn in the blockchain gaming sector, Tencent is actively expanding its presence. The company already has a strong relationship with Nexon, having co-developed the highly successful game Dungeon & Fighter, which significantly contributes to Tencent's gaming revenue.
Beyond gaming, Tencent's blockchain investments include:
-
Leading a $15 million Series A round for Chainbase, an omnichain data network.
-
Partnering with the Open Network (TON) Foundation and Tencent Cloud to support blockchain infrastructure in the Asia-Pacific region, including data indexing tools and node deployment services for the TON blockchain.
-
Joining China's official metaverse working group, led by the Ministry of Industry and Information Technology.
Key Takeaways
-
Tencent is in renewed talks to acquire South Korean game developer Nexon.
-
Nexon is heavily invested in blockchain gaming through its NEXPACE subsidiary and the MapleStory Universe.
-
Tencent has a history with Nexon, co-developing the successful Dungeon & Fighter.
-
Tencent is actively expanding its blockchain footprint beyond gaming, despite a broader market downturn.
Sources
-
Tencent reopens talks to acquire South Korea’s Nexon, a game developer exploring blockchain, Crypto News.
This article was created with support from AI-driven technology, drawing on multiple reputable sources. The final content has been thoroughly reviewed and edited by BlockzHub's editorial team to ensure accuracy, clarity, and coherence. Original reporting sources are credited whenever appropriate and as required. The opinions expressed in this article do not necessarily represent the official views or positions of BlockzHub. This article is intended for informational purposes only and should not be considered financial or professional advice. Investing involves risk, and you should consult a qualified financial advisor before making any investment decisions.