The first English version of the game began Open Beta Testing on May 17, 2007 by IAH, while K2 Network announced in January 2007 that they would be bringing Granado Espada to the North American and European markets in Summer 2007 under the title of Sword of the New World.. The game was originally released under a pay-to-play model. On August 21, 2007, Sword of the New World became free-to-play.
On 10 August 2007, IAHGames, the company which the game is licensed to in Singapore, Malaysia, the Philippines and Vietnam, announced its business model for Granado Espada. Subsequently they informed players that on August 30, 2007, the game would become commercial. IAHGames gave players a 90-day free trial if they achieved Level 20 by that time. New players have a free five-day trial period and after which, they are required to pay. On December 5, 2007, as with other servers overseas, the game became free-to-play.