Microsoft has invested in South Korean game company Wemade, which is creating a legendary series of MMORPGs on PC and mobile, and a blockchain company that supports its own NFT auction site and crypto services.
In Wemade’s recent investment round, a Korean company raised $46 million from a number of companies (thanks, VGC), including Microsoft, the parent company of Xbox. Of course, this is not proof that blockchain will be introduced into the technology company’s services, and it’s unclear at this time how much Microsoft has invested in it, but Wemade said:[…] Foreign strategic investors on favorable terms. ”
Wemade Raises $46 Million in Recent Investment Round
Wemade CEO Henry Zhang said, “This is a meaningful investment by proven and reputable financial and strategic investors. Wemade and Wemix will continue their efforts to attract more capital. We will actively invest in building a global digital economy platform.”
Wemix is the company’s “platform-driven, service-oriented mega ecosystem”, a fully developed blockchain network that can broadcast cryptocurrency transactions while validating transactions on the blockchain. Now fully deployed with Wemade. NFT auction site The company plans to introduce its own “economic platform” to support NFTs and DAOs (Decentralized Autonomous Organizations). Founded in 2000, his company Wemade primarily develops games for his PC and mobile, and his Legend of Mir MMORPG series has proven to be very successful on the platform. . The latest entry, Mir 4, appears to “become his blockbuster blockbuster game, the world’s first well-executed blockbuster since the company entered the blockchain industry in 2018.”
NFT seems to be making its way into games across all platforms now, including Gunzilla’s upcoming battle royale game Off the Grid. We recently spoke with the developer’s CEO about how the technology behind NFTs can be actively used by players to make their next shooter completely free to play.
We probably won’t get anything out of Microsoft’s investment in Wemade, but we’d love to know what you think of this news. Drop down below and let us know!
