WeMade is one of the major Korean game companies listed on the tech-heavy KOSDAQ. It is a leading company that leads the Korean game industry along with NCsoft, Nexon, Neowiz, and Krafton.
WeMade is the most advanced among major Korean game companies, and it is a company like Frontier that has opened the door for Korean games to enter the global market. Since the late 1990s, the company has been known as the oriental fantagy- MMORPG(Massively Multiplayer Online Role-Playing Game).
It has been leading the globalization of Korean games by developing “Mir Series” and providing services through Shanda(China). WeMade has recently attracted attention from game and blockchain companies around the world by introducing a new business model that combines games and blockchain technology.
Major Korean game companies such as NC Soft, Nexon, NetMarble, and Kakao are also interested in blockchain-based game platforms, but WeMade is the most advanced in this field so far.WeMade has made bold investments in blockchain technology since 2021, making it a leading blockchain-based game company in Korea.
WeMade is considered the best Korean company that combines games and blockchain technology based on NFT (non-fungible talken) and P2E (Play to Earn) games. WeMade opened a blockchain-based game distribution platform called ‘WEMIX’ and listed its own coin, ‘WEMIX’, on Korea's Big4 cryptocurrency exchanges such as Bithumb, Upbit, Coinone, and Kobit. Although the service is difficult in Korea because the P2E system is a legal regulation, it is receiving great attention overseas.
WeMade has signed MOUs with many domestic and foreign game developers with the goal of launching 100 games on the "WEMIX" platform by the end of 2022. As a result, the number of games linked to 'WEMIX' is expected to continue to increase in the future.
Jang Hyun-guk, CEO of WeMade, gave a keynote speech under the theme of "The Digital Economy and Stablecoin" at "BWB2022"(Blockchain Week in Busan 2022) held on the 27th(Thursday).
The global blockchain event "BWB2022" was held in Busan, Korea's second largest city, for two days from October 28 to October 29. Leading global blockchain companies such as WeMade, Binance, FTX, and Huobi participated in the event to discuss the development of the current and future virtual asset markets in the blockchain industry.
In his keynote speech on the first day, Jang said, "Blockchain technology will create a new 'digital economy' as a general-purpose technology that is already used in various ways in games, art markets, sports, entertainment, and finance."
Jang stressed that "stable coins" are of high importance because it is necessary to intuitively understand and communicate asset values for the development of the digital economy.Her said, "Stable coins should have a recursive form that is virtuous cycle with native coins, and the size of stable coins also needs to increase in line with economic growth.
He said, "we created a mechanism that allows the economy to develop through ‘WEMIX Dollar’, which leads to benefits for ‘WEMIX’ holders when stable coins are used a lot and issuance increases."
On the 20th, WeMade officially opened the main net ‘WEMIX 3.0’, which will play a key role in its blockchain ecosystem. It is also showing the leading company of the global blockchain game platform by issuing a 100% reserve stable coin called ‘WEMIX' and releasing a decentralized service called ‘WEMIX Pi’.
WeMade also plans to launch a blockchain-based mobile MMORPG ‘Mir M: Vanguard and Bagabond’ in the global market within the end of the year, which succeeded the most famous Mir series IP among several IPs it owns.
It will make a pre-order for the Wemade ‘Mir M’ global version service and officially release it in early December after a closed beta test.‘Mir M’ Global applies a much improved economics system compared to Mir4. The ‘Mir-M’ global version with the blockchain model will develop into the core of the intergame economy that WeMade is trying to build.
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Jack Lee wangjb77@gmail.com
