Supervillain Labs

Supervillain Labs, a game development studio based in Seoul, South Korea, was founded in 2024 by Jeonghwan K, Joseph Lee, and Lucas Ko. The company operates in the Web3 gaming market, aiming to merge the user experience of traditional Web2 gaming with the capabilities of blockchain technology.

In May 2024, the company secured a significant milestone with a $4.5 million seed funding round. The round was co-led by Aptos Labs and Intella X, with participation from other investors including Spartan Group, KIP-CRIT Interactive Contents Fund, Presto Labs, and Planetarium Labs. This capital is earmarked for the development of its game titles and to enhance user experience by leveraging the Aptos blockchain. The strategic partnership with Aptos Labs is a core component of the studio's strategy, utilizing the blockchain's features like Parallel Execution to build efficient and immersive gaming experiences.

The studio's flagship product is "Supervillain Wanted," a free-to-play idle RPG launched in August 2024 on both Android and iOS. In this game, players build and manage a team of "Villains" and "Sidekicks," focusing on strategic squad building, item trading, and gear upgrades. A key feature is its on-chain inventory system, which allows players to securely manage and trade their in-game assets on the Aptos blockchain. The business model includes in-app purchases and ad revenues, with approximately 10% of net revenue allocated to a Community Fund to reward players and active community members. In addition to "Supervillain Wanted," the company is also developing other titles, including "Project ARK" and other casual games.

Keywords: Web3 gaming, idle RPG, blockchain games, Aptos blockchain, game development, mobile gaming, play-to-earn, NFT, digital assets, venture capital