Microsoft joins $46m funding round for South Korean gaming and metaverse company WeMade

Robert Collins

South Korean Web3 game maker Wemade revealed today in a press release that it has received backing from Microsoft and others to the tune of $46 million. Other backers from this funding round included Shinhan Asset Management and Kiwoom Securities.

Chief Executive of Wemade Henry Chang stated, “This is a meaningful investment by reputable financial and strategic investors with proven track records. Wemade and Wemix will continue to exert efforts to attract more capital and actively invest to build the global digital economy platform.”

Crypto mining RPG MIR4 is thriving on Steam despite Valve's ban on blockchain games - Gamepur
Mir4 is a popular free-to-play blockchain MMO available on Steam, Google Play and Apple’s App Store.

Wemade is known for its popular Mir franchise. In recent years it has been expanding its blockchain efforts, as with the play-to-earn (NFTs) MMORPG Mir4, released last year. The company also has its blockchain gaming platform, WEMIX 3.0. The company has stated that it wants to “transform everyday games with blockchain technology and establish its Wemix coin as a key currency in the blockchain gaming space.”

Via Techinasia

Featured image via Pulse News Korea.