Company Research Report: N3TWORK Studios

Company Overview

• Name: N3TWORK Studios

• Mission: To create incredible experiences in, on, and around the blockchain. The studio is focused on rethinking how games are built, operated, marketed, and financed using blockchain technology.

• Founded: Spun off as a new independent company in February 2022.

• Key People:

• Josh Sell, Chief Operating Officer, formerly served as Chief Product Officer at Tinder.

• Matt Ricchetti, President, with past experiences at PerBlue Entertainment, Kabam, and Zynga.

• Julius Hong, Executive Producer, having previously worked for EA, Glu Mobile, and KIXEYE.

• Headquarters: San Francisco, USA

• Number of Employees: Composed of a distributed remote team with more than 80 gaming industry veterans. Approximately 40 joined Forte as part of a previous transaction.

• Revenue: The company's mobile RPG Legendary: Game of Heroes has generated over $300 million in lifetime revenue.

• Known For: Specializes in creating Web3-enabled RPGs and blockchain games.

Products

Legendary: Game of Heroes

• Description: A unique puzzle RPG combining match-3 puzzles with hero card collection and deep fantasy lore.

• Key Features:

• Magic Match-3 Battles: Strategy is critical to mastering the game.

• Hero Collection: Collect thousands of magic hero cards.

• Guild Formation: Battle against over 10 million players.

• Weekly Events: New themed events launched every week.

• Stunning Graphics: AAA artwork bringing fantasy RPG characters to life.

Legendary: Heroes Unchained

• Description: A new, play-to-own RPG built for blockchain, allowing players control over digital assets as NFTs.

• Key Features:

• Hero Collection & Battles: Engage in PvP, GvG events, and massive wars.

• Ownership: All in-game assets are NFTs, offering true ownership.

• Community Engagement: Participate in community economies that reward creativity and strategy.

Triumph

• Description: A cross-platform RPG designed with a focus on social play, engagement, and live events.

• Key Features:

• Social Play: Team up with friends asynchronously or in real-time.

• Live Events: Incorporates frequent events offering rewarding and player-centric experiences.

Recent Developments

• New Products:

• Legendary: Heroes Unchained unveiled in October 2022 as the latest entry into the Legendary universe.

• New Features:

• Introduction of play-to-own mechanics and NFT ownership in games.

• New Partnerships:

• N3TWORK Studios spun off from N3TWORK Technology following Forte's acquisition of the N3TWORK platform.

• Notable partnerships with Lionsgate and Millennium Media to integrate popular IPs like Hellboy into their games.

• Collaboration with Dynamite Entertainment to include characters from The Boys in Legendary: Game of Heroes.

• Leadership Changes:

• Josh Sell joined as Chief Operating Officer in January 2023.

• Funding and Acquisitions:

• Secured a $46 million fundraise announced in October 2022 to advance the development of their Web3 games.

• Forte's acquisition of N3TWORK's platform to boost blockchain game growth.

Conclusion

In conclusion, N3TWORK Studios, with a strong legacy in mobile RPGs, is making significant strides in the blockchain gaming space. By leveraging a skilled team and strategic partnerships, they are developing innovative games that integrate Web3 technology, pushing the boundaries of player empowerment and digital ownership.