○ Easy licensing agreements for domestic indie game IP through the brokerage platform “Wits Shop”
○ Comprehensive IP platform enabling transactions of game copyrights, resources, and programming (source code)
Through this collaboration, indie game developers gain easier access to register, distribute, and monetize their original game IPs, while businesses seeking licensing opportunities can efficiently acquire verified indie game IPs.
Traditionally, game IP was regarded as an exclusive asset of major game companies, creating significant entry barriers for individual indie developers. To address this issue, Wits Shop, in collaboration with KIGS, is creating an accessible environment where indie developers can conveniently register, distribute, and leverage their creations. Following its success with IP licensing in characters, webtoons, and broadcast content, Wits Shop now supports game IP transactions for the first time in Korea.
Wits, founded by co-representatives with backgrounds as attorneys and patent attorneys, operates the simplified IP licensing transaction platform “Wits Shop.” This partnership introduces an all-in-one dedicated game IP marketplace, enabling transactions beyond mere game images and characters to include source code, game resources, and licensing rights.
Wits Shop has enhanced its legal protections and standardized contracts, providing a secure trading environment and offering benefits such as discounted fees for KIGS members. It will also provide specialized technical support tailored to the unique characteristics of each developer’s source code and resources, ensuring secure and reliable transactions.
Both Wits Shop and KIGS expressed their ongoing commitment to acquiring more IPs and creating a transaction environment that satisfies both developers and businesses.
