With a market valuation of US$1.4 billion, Wemade Co., Ltd. (KOSDAQ:112040), one of South Korea’s top publicly traded gaming firms, has announced a strategic alliance with Space and Time (SxT), a pioneer in decentralized data warehousing. Through the cooperation, Wemade will be able to use the decentralized developer tools from Space and Time to power its blockchain and gaming services.
On its worldwide open blockchain gaming platform WEMIX PLAY, Wemade offers more than 20 different play-to-earn (P2E) games across all genres, including MIR M and the top-ranked blockchain game MIR4. This is a piece of the mega-ecosystem that its blockchain development company WEMIX is constructing. The mega-ecosystem includes WEMIX’s mainnet, WEMIX 3.0, a wide range of services, including NFTs and DeFi, and WEMIX currency, which links each of its constituent parts. Moreover, WEMIX has revealed intentions to introduce an Ethereum layer-2 that would leverage zero-knowledge proof (ZKP) protocols to increase scalability while maintaining user security and privacy. To establish a more reliable and scalable GameFi, Space and Time and Wemade intend to work closely with next-generation decentralized infrastructure in the future.
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