Xsolla expands leadership in game development and innovation in APAC with strategic partnerships in Busan

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Xsolla expands leadership in game development and innovation in APAC with strategic partnerships in Busan

November 19, 2024•3 min

Xsolla, a video game commerce company, has signed a landmark Memorandum of Understanding (MOU) with Busan Metropolitan City and Busan Digital Asset Nexus Co., Ltd. (BDAN). This strategic partnership aims to position Busan as a global hub for game development and technological innovation. Core initiatives include establishing Xsolla’s Asia-Pacific (APAC) headquarters in Busan, launching a cutting-edge talent development center for game developers, and exploring advancements in Web3 technologies to drive regional economic and digital growth. The signing ceremony occurred at Busan Metropolitan City Hall, with key representatives present, including Busan Mayor Park Hyung-Joon, Rytis Joseph Jan, SVP of Global Strategic Partnerships at Xsolla, and Kim Sang-min, CEO of BDAN. The agreement represents a shared dedication to fostering innovation, creating opportunities for local talent, and solidifying Busan’s reputation as a leader in the gaming and digital industries. “This partnership is a testament to Busan’s incredible potential as a center for gaming and technology,” said Rytis Joseph Jan, SVP of Global Strategic Partnerships at Xsolla. “By collaborating with BDAN and Busan City, we aim to create opportunities for local talent and businesses while contributing to the economic and technological growth of the region.”

Establishing Xsolla’s APAC Headquarters

One of the partnership's primary goals is establishing Xsolla’s APAC headquarters in Busan. This initiative will create new employment opportunities, strengthen collaboration with local and international partners, and serve as a central hub for game commerce activities. The new headquarters aligns with Busan’s vision of becoming a global gaming and digital innovation leader.

Launching a Talent Development Center

In addition to the APAC headquarters, Xsolla and BDAN are developing a talent center to support local game developers and entrepreneurs. Acting as an incubator and accelerator, the center will provide mentorship, resources, and funding opportunities to help creators thrive in a competitive industry. This initiative will empower the next generation of innovators and reinforce Busan’s position as a key player in the global gaming sector. “This partnership demonstrates Busan’s potential to become a global leader in the gaming and digital industries,” said Busan Mayor Park Hyung-Joon. “We look forward to collaborating with Xsolla and BDAN to strengthen our city’s digital competitiveness and foster new economic opportunities.”

Advancing Web3 Technologies

Xsolla and BDAN will explore advancements in Web3 technologies and blockchain integration as part of the collaboration. These efforts aim to transform Busan into a digital finance hub and global blockchain city, driving innovation across gaming and other industries. “The vision we discussed with Xsolla earlier this year is becoming a reality,” said Kim Sang-min, CEO of BDAN. “Together, we will help Busan become a digital finance hub and a global blockchain city, fostering new opportunities in gaming and beyond. BDAN is committed to fulfilling its social responsibilities by leading the digital industry and urban innovation in Busan.”

A Vision for Global Leadership

This collaboration sets the stage for additional initiatives, including attracting global companies, supporting local businesses, and piloting programs in emerging technologies. Together, Xsolla, Busan City, and BDAN are working to position Busan as a global destination for game development and a key player in the digital economy. For more updates and insights, visit xsolla.com.