SmileCobra, a Singaporean gaming company, has forged an exclusive strategic partnership with Kingnet HK Ltd, aiming to construct a robust economic system for Web3 Games. This collaboration marks a significant step forward in SmileCobra's mission to redefine the landscape of Web3 Games.

Under the agreement, Kingnet HK Ltd will offer extensive technical support for game development and provide valuable IP resources. Founder of SmileCobra, Cirrus, emphasized that this partnership will provide global game developers with comprehensive assistance, ranging from concept validation to product development, funding support, technical guidance, and access to ecological resources. The overarching goal is to collaboratively construct a sustainable economic framework for Web3 Games.

Kingnet Network Ltd., established in 2008, is a renowned listed online game company in Asia, known for developing and operating popular games such as Happy Tower, Shushan Legend, and MU Miracle. With a focus on R&D, operation, and publishing of quality entertainment content, Kingnet is actively expanding its overseas business to establish a strong presence in the international market.

SmileCobra Studio envisions pioneering a new era for Web3 Games by leveraging blockchain token economy to incentivize and reward global community players. Through partnerships with prominent Game Guilds, VC Incubators, and Game Launchpads, SmileCobra aims to foster a mature Web3 Game industry chain. Cirrus highlighted the company's focus on gaming engines, graphics technology, AI, and foundational areas to drive innovation in Web3 Games. SmileCobra plans to launch various game genres, including RPG, Puzzle, Strategy, Casual, and MMORPG, to cater to diverse player preferences.

GenLeap, SmileCobra's flagship project, is set to revolutionize the Web3 MMORPG landscape by integrating global traditional culture with the new AI era, offering players an immersive open world experience. The beta version of GenLeap is slated for release in Q4, accompanied by a retrospective token airdrop for early players.

In a statement to The Block, Cirrus emphasized the company's commitment to building a sustainable gaming economy and expressed confidence in becoming pioneers and leaders in the Web3 Gaming domain. SmileCobra's strategic partnership with Kingnet HK Ltd signifies a significant milestone in realizing this vision, paving the way for innovative developments in the gaming industry.