Wemade, a parent company of WEMIX Pte. Ltd., has attracted 66 billion South Korean won (approximately $46 million) in investments on Nov. 2. Shinhan Asset Management, Kiwoom Securities and Microsoft have participated in this round.
Despite the uncertain external environment and severe market volatility, Wemade has remarkably succeeded in attracting new capital from prominent domestic financial investors and foreign strategic investors under favorable conditions.
“This is a meaningful investment by reputable financial and strategic investors with proven track records,” said Henry Chang, CEO of Wemade. “Wemade and WEMIX will continue to exert efforts to attract more capital and actively invest to build the global digital economy platform. ”
Wemade, which was founded in 2000, services many games, including MIR4, which is based on the popular Legend of Mir series IP. MIR4 Global has become the world's first well-made blockbuster blockchain game since the company entered the blockchain industry in 2018.
Recently, the company has successfully launched its own blockchain mainnet WEMIX3.0, including a 100% collateralized stablecoin WEMIX Dollar and a decentralized finance platform WEMIX.Fi. A new economy platform, NILE, that supports nonfungible tokens and decentralized autonomous organizations will be introduced soon as well.