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Operator
Good morning and good evening. Welcome to the Sea Limited fourth-quarter and full-year 2020 results conference call. [Operator instructions] After today s presentation, there will be an opportunity to ask questions. Please note, this event is being recorded.
I would now like to turn the conference over to Ms. Minju Song. Please go ahead.
Minju Song
Senior Manager and Group Chief Corporate Officer
Hello, everyone, and welcome to Sea s 2020 fourth-quarter and full-year earnings conference call. I am Minju Song from Sea s group chief corporate officer s office. Before we continue, I would like to remind you that we may make forward-looking statements which are inherently subject to risks and uncertainties and may not be realized in the future for various reasons as stated in our press release. Also, this call includes the discussion of certain non-GAAP financial measures such as adjusted EBITDA, and net loss excluding share-based compensation, and changes in fair value
Dauntless breaks the ice with a new boss and quest content
This update looks pretty . cool
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Dauntless update introduces a new beast for players to track, hunt, and kill. This big boy is called the Urska, and he heralds in a bunch of new content for hunters to explore in this free-to-play action RPG.
The main feature of update 1.5.3 is Frost Escalation. With permafrost melting, new areas in the world are opening up, and the beasts slumbering beneath the surface are stirring. Players will have to travel though Skaldeskar, a frosty location where they’ll ally with the warrior queen Linnea Silver. Skaldeskar may be melting, but it’s still cold enough to cause a disabling conditioned called frostbite. In a game where players rely on mobility and dodging, frostbite can be especially deadly as it is capable of freezing a hunter in place.
Frostbite Keeps Things Constantly Moving
See, the new Escalation brings in elements from two of my favorite genres: roguelikes and survival. Since the new world you’re entering is in a constant state of being frozen, you’re forced to deal with that element. If you can’t keep warm, you’ll slowly start to accumulate frostbite. Once that meter maxes out, you’ll be frozen in place until your buddies can heat you up.
It leads to an extra sense of urgency at higher difficulties as you sprint from brazier to brazier trying to stay warm. Thankfully, you have some help from the resident NPC who’ll grant you different boons. These are randomized, but give you different ways to warm up while you’re fighting behemoths.