Syltare
1 known investors
South Korean studio behind SYLTARE, an NFT-based digital trading card game with an Ethereum token (SYL).
Also known as SYL · SYLTARE
Investors · 1
Company profile
researched Aug 2026SYLTARE is a South Korean developer of an NFT-based trading card game (TCG) in which players battle one another with digital cards to earn rewards. The game entered the global market on 18 August 2022 following a soft launch limited to a two-player Sit&Go mode that ran roughly five hours a day. The company has described plans for additional Sit&Go formats for 2, 8 and 16 players with differing stake levels, alongside a free-to-play "Normal mode" in which casual players can also earn tokens based on game performance.
The project is built around SYL, an Ethereum-based token that underpins its in-game economy; the company positions the economy as sustainability-driven, so that token rewards are tied to player performance. The token contract is listed at 0x92925Acf2771Bc59143228499f9610FE5176eb9C on Ethereum, with a total supply of roughly 99.9 million SYL against a stated maximum supply of 100 million. SYLTARE also distributes NFT trading cards and has stated it reached the top position on OpenSea for trading cards across all chains. Gunwoo Shim is identified as CEO and head of Syltare NFT.
Business model
The company monetizes a digital trading card game through NFT trading cards and an associated Ethereum-based token (SYL) that forms the basis of its in-game economy, with players earning tokens according to game performance across paid Sit&Go stake modes and a free-to-play mode.
Revenue is tied to a token- and NFT-based game economy: NFT trading card sales and marketplace activity, plus staked Sit&Go game modes denominated in the SYL token.
Traction
The soft launch reported 7-day retention above 90% under a five-hour daily play window. The Global Gleam event, running 11-25 August 2022 with $10,000 in prizes, drew more than 1.9 million entries. The company has stated it raised $7.6 million in cryptocurrency and reached the top spot on OpenSea for trading cards across all chains.
Latest developments
The global game launch on 18 August 2022 was followed by a Global Massive Event on 20 August 2022 marking the listing of the SYL token on the LBank exchange. In December 2022, CEO Gunwoo Shim appeared as a panelist at a Startup Grind Seoul event reviewing the Korean startup ecosystem.
▸Full profile — market position, technology, go-to-market, geography, history
Market position
The company competes in the South Korean play-to-earn and NFT gaming segment, differentiating on a token economy it describes as sustainability-oriented rather than purely speculative; it claims a #1 ranking on OpenSea for trading cards across all chains.
Management contrasts SYLTARE with other play-to-earn and NFT games by emphasizing a token economy designed for sustained token value, multiple Sit&Go stake tiers, and a free-to-play mode that still allows token earning.
Technology
The game uses non-fungible tokens for trading cards and an ERC-20-style SYL token deployed on Ethereum (contract 0x92925Acf2771Bc59143228499f9610FE5176eb9C).
Go-to-market
SYLTARE combined a limited soft launch with a global release on 18 August 2022, a centralized exchange listing on LBank, and community-driven acquisition through Discord, Twitter, Telegram, YouTube and Medium channels, including prize-backed events such as the Global Gleam campaign and launch raffles of SYL tokens.
Players of trading card and play-to-earn blockchain games, ranging from casual free-to-play users to stake-based competitive players, plus NFT collectors and token holders.
Geography
Headquartered in Seoul, South Korea, with a globally launched game and community channels; the CEO participated in Seoul startup ecosystem events.
History
SYLTARE soft-launched its trading card game in a restricted two-player mode with limited daily hours before releasing globally on 18 August 2022, alongside the listing of its SYL token on LBank and a series of community events.
Compiled by commissioned research from 6 cited public sources — announcements, filings, and press listed under research sources below.
Key figures
latest reportedCompany-reported or press-reported figures, each dated to when it was claimed — not independently audited.
Timeline · 5
launches, deals, and filingsGunwoo Shim, listed as Syltare CEO and head of Syltare NFT, spoke on a panel reviewing the 2022 Korean startup ecosystem at a Startup Grind Seoul event in Gangnam, Seoul.
SYLTARE released its NFT-based trading card game globally on 18 August 2022, following a soft launch in a two-player Sit&Go mode that reported 7-day retention above 90%. Additional Sit&Go formats (2, 8 and 16 players with varying stakes) and a free-to-play Normal mode were announced.
SYLTARE ran the Global Gleam event from 11 to 25 August 2022 with $10,000 in prize money; the company reported over 1.9 million entries.
$10K source ↗
In an announcement of its global launch, SYLTARE stated it had raised $7.6 million in cryptocurrency, naming Mirae Asset Venture Investment, Kakao Ventures and Wemade among its investors.
$7.6M source ↗
LBank listed SYL, SYLTARE's Ethereum-based token, with a Global Massive Event held on 20 August 2022 to mark the listing and the game's global launch.
Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.
▸Research sources · 6
primary sources listed
- SYLTARE Unveils Its NFT-based Trading Card Game Global Launching on August 18thvietnamnews.vn · web
6 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does Syltare do?
- South Korean studio behind SYLTARE, an NFT-based digital trading card game with an Ethereum token (SYL).
- Who are Syltare's investors?
- Syltare's investors include Kakao Ventures.