Korean gaming giant Wemade partners with Space and Time to power blockchain and gaming services
Korean gaming giant Wemade has partnered with Microsoft-backed Web3 data platform Space and Time. As part of the partnership, Wemade will leverage Space and Time’s decentralized suite of developer tools to power its blockchain and gaming services. Wemade is a trailblazing gaming company that has carved a niche for itself in the highly competitive gaming industry. With a market capitalization of US$1.4 billion, it is one of the largest publicly-listed gaming companies in South Korea.
The partnership will also enable Wemade to leverage Space and Time’s advanced decentralized infrastructure, enabling more robust and scalable operations and enhancing, and scaling its GameFi development capabilities. Wemade gained worldwide recognition through its highly popular RPG title, The Legend of Mir 2, which is regarded as one of the most successful games in the Chinese gaming industry’s history.
Wemade currently offers an array of over 20 play-to-earn (P2E) games across all genres, including MIR M and MIR4 – the world’s no. 1 blockchain game – on its global open blockchain gaming platform, WEMIX PLAY.
Wemade’s blockchain developer subsidiary, WEMIX, has built a mega-ecosystem that features its own mainnet, WEMIX 3.0, as well as a diverse range of services including NFTs and DeFi, interconnected via WEMIX coin. This ecosystem presents a unique opportunity for gamers and investors to participate in the growing GameFi trend, where gaming and finance converge to create new opportunities for earning and growth.
In addition, WEMIX is set to launch an Ethereum layer-2 utilizing zero-knowledge proof (ZKP) protocols, which will improve scalability while maintaining users’ privacy and security. This forward-thinking approach demonstrates Wemade’s commitment to enhancing the gaming experience for players and investors alike.
As Wemade continues to expand its reach, its partnership with Space and Time will further help the gaming giant to develop next-generation decentralized infrastructure for more robust and scalable GameFi operations. This collaboration promises to unlock new possibilities for gamers and investors, creating a vibrant ecosystem where everyone can benefit from the rapidly evolving GameFi landscape.
Also as a visionary gaming company that is at the forefront of the GameFi revolution, Wemade’s mega-ecosystem, combined with its commitment to innovation, presents an unparalleled opportunity for gamers and investors alike to benefit from the exciting possibilities of the gaming industry.
In a statement, WEMIX CEO Shane Kim said: “We believe that blockchain is the future of gaming, offering gamers greater ownership and control over their digital assets. As the blockchain transformation of traditional games continues to grow, the partnership with Space and Time will help strengthen our blockchain infrastructure capabilities and contribute to our commitment to building an inter-game economy.”
Space and Time is a cutting-edge platform that packages a full suite of developer tools in a single decentralized deployment. With Space and Time, developers can access real-time, tamperproof indexed blockchain data, a hybrid transactional and analytic (HTAP) data warehouse, and a serverless API gateway, all of which enable the simplified building of fully decentralized applications and faster dApp time-to-market.
One of the key features of Space and Time is its verifiably tamperproof queries, which are made possible through its novel cryptography, Proof of SQL. This technology allows smart contracts to run tamperproof queries directly, opening up a wealth of powerful use cases built on blockchain technology and a fully decentralized stack.
In addition, game developers building on Space and Time can join real-time blockchain data with off-chain game-generated data in a single query and connect the results back to smart contracts on-chain. This will enable Wemade to facilitate more complex earning schemes for its P2E games, run tamperproof analytics against the game activity, and reduce on-chain storage costs by connecting a scalable decentralized data warehouse to the blockchain-based platform. Space and Time also offers a unique and powerful solution for building fully decentralized applications,
“We’re thrilled to partner with one of the biggest and most respected gaming companies in the world,” said Nate Holiday, CEO and Co-Founder of Space and Time. “Space and Time is committed to advancing the blockchain gaming industry with essential next-generation infrastructure and developer tools. This partnership is a huge step forward for the Web3 gaming industry. Together, Wemade and Space and Time are building a new blockchain gaming ecosystem to onboard the next wave of game developers.”
Over the years, Wemade has garnered widespread recognition for its highly successful RPG title, The Legend of Mir 2, which has achieved unprecedented success in the Chinese gaming market. Since its launch in 2002, The Legend of Mir 2 has quickly risen to dominate the Chinese gaming market, claiming an impressive 64% market share.
In line with its Web3 GameFi initiatives, the Wemade platform offers support for DEXs, NFT marketplaces, and other features on its L1 mainnet. As a forward-thinking company, Wemade is committed to continually expanding its blockchain ecosystem beyond GameFi. Through its partnership with Space and Time, Wemade aims to offer a more secure and decentralized service to developers building GameFi, DeFi, and other Web3 applications.
Wemade, a trailblazing game developer from Korea, is dedicated to utilizing metaverse and blockchain technology, with a focus on personalized gaming experiences. By leveraging blockchain technology, Wemade aims to revolutionize conventional gaming and establish its WEMIX coin as a prominent currency in the gaming industry. Through the launch of its own mainnet, WEMIX 3.0, and the introduction of its own currency, $WEMIX, Wemade aims to become a mega-ecosystem that offers a comprehensive range of services and platforms, embracing DeFi and NFT technology.