nWay

About nWay

nWay, Inc. operates as a specialized developer and publisher of high-quality, real-time multiplayer games for mobile, PC, and console platforms. The company was established in 2011 by a trio of gaming and startup veterans: Taehoon Kim, David Jones, and Tony Harman. Kim, the current CEO, has a background that merges technology and art, having studied engineering at Cornell and worked at Samsung's new business development team, where he was involved in the early smartphone and mobile gaming business. His journey as a serial entrepreneur includes co-founding two other gaming companies and raising significant venture capital before starting nWay.

nWay's business model centers on developing free-to-play games, generating revenue through the sale of virtual goods and microtransactions. The company has demonstrated a strong track record by securing licenses for prominent intellectual properties. A significant milestone in the company's history was its acquisition by Animoca Brands in December 2019 for approximately $7.69 million, though it continues to operate as an independent subsidiary. Prior to the acquisition, nWay had successfully raised around $20 million in venture funding from investors like March Capital and Ridge Ventures.

The company's portfolio includes several successful titles. "Power Rangers: Legacy Wars," an award-winning mobile fighting game, has amassed over 70 million downloads. Building on this success, nWay launched "Power Rangers: Battle for the Grid," a cross-platform tag-team fighting game available on consoles and PC. More recently, the company has ventured into Web3 gaming with titles like "Wreck League," a real-time PvP combat game featuring customizable NFT mechs, and has developed the nWayPlay platform. This platform was designed to provide developers with a complete backend and live-ops services to create and manage competitive, cross-platform multiplayer games and has also hosted an NFT marketplace for digital collectibles, such as those for the Olympic Games. However, the nWayPlay NFT marketplace was scheduled to be sunsetted in June 2025.