<p>Korean-based game company Wemade recently completed a funding round. The funding round received support from major companies like Microsoft Corporation, Kiwoom Securities, and Shinhan Asset Management. The funding round has proven to be a major propelling factor for Wemade. The game company raised a total of 66 billion KRW, which is approximately $46 million. Also, its stock prices recorded a 20% increase following the completion of the funding round.</p><div class="raw-html-embed"><blockquote class="twitter-tweet"><p dir="ltr" lang="en">Oh, Microsoft invested in Korean game company Wemade: <a href="https://t.co/Q1oMjsW8vF">https://t.co/Q1oMjsW8vF</a><br><br>Wemade is little known outside Korea but publicly traded there: stock jumped +20% today (it's Wednesday in Asia).<br><br>Wemade focuses on PC, phones+blockchain games.<br><br>Surprising move.<br><br>(via <a href="https://twitter.com/alphaverve?ref_src=twsrc%5Etfw">@alphaverve</a>)</p>— Dr. Serkan Toto / Kantan Games Inc. (@serkantoto) <a href="https://twitter.com/serkantoto/status/1587692688140210177?ref_src=twsrc%5Etfw">November 2, 2022</a></blockquote> <script async="" src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div><h2><strong>Why Wemade?</strong></h2><p>Wemade is a popular game company whose sphere of influence is majorly in the Korean market. The game company is also known to focus on games that can be played both on a personal computer (PC) or on a phone. Wemade has also made progress in the field of blockchain games. Several professionals are of the opinion that Wemade’s steady progress in the blockchain gaming ecosystem might be the reason behind its most recent, largely successful funding round.&nbsp;<br>&nbsp; &nbsp;&nbsp;<br>As previously <a href="https://www.wemade.com/PressRelese/PressReleseView/2182?page=1">revealed</a>, top companies like Microsoft Corporation, Shinhan Asset Management Firm, and Kiwoom Securities took part in the funding round. In total, an estimated $46 million was raised. This is despite the current market volatility issues, global inflation, and general uncertainty in the financial market. So, it is quite remarkable that Wemade was able to attract the attention and subsequent capital investments of top global firms like Microsoft, Kiwoom, etc.</p><p>Speaking on the announcement, the CEO of Wemade, Henry Chang, disclosed that the company will “[...] continue to exert efforts to attract more capital and actively invest to build the global digital economy platform.”</p><h2><strong>More on Wemade</strong></h2><p>Wemade has been in the gaming sphere for over a decade now. The game platform went live in 2000 and has been a major participant in the Korean gaming sphere since then. Wemade is known for being the brain behind many top games like MIR4 which is built based the renowned Legend of Mir IP series. At the time of writing, MIR4 Global is one of the world’s most remarkable blockchain games. Interestingly, the game made its first foray into the blockchain gaming ecosystem in 2018.</p><p>In a bid to have more influence in the blockchain gaming sphere, Wemade recently debuted its own blockchain mainnet platform, dubbed WEMIX 3.0. Notably, the blockchain is designed with a unique and completely collateralized stablecoin with the ticker $WEMIX and a decentralized finance (DeFi) platform known as WEMIX.FI. Plans are also in place to introduce a new platform known as NILE. The platform, simply put, will provide both NFT and DAO support on Wemade.</p><p>In conclusion, the recently completed funding round will help provide the necessary support needed for Wemade to truly make an impact in the blockchain gaming ecosystem.<br>&nbsp;</p>

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