Published in Gaming

Microsoft invests in another gaming outfit

by on03 November 2022

All your bases are belong to Vole

Microsoft has invested in the Korean game company Wemade, which is behind the Legend of Mir MMORPG series on PC and mobile.  It also has a blockchain company that supports its own NFT auction site and crypto service.

The Korean company raised $46 million from a number of companies, including Xbox's parent company, Microsoft. How much Vole has invested is unclear, but Wemade has said that it had "remarkably succeeded to attract new capital from a foreign strategic investor at favourable conditions."

Wemade's CEO Henry Chang said. "Wemade and Wemix will continue to exert efforts to attract more capital and actively invest to build the global digital economy platform.”

Wemix is the company's "platform-driven and service-orientated mega-ecosystem," a fully developed blockchain network that can broadcast cryptocurrency transactions, while also verifying the transactions on the blockchain.

It's now fully deployed alongside Wemade's NFT auction site and the company plans on introducing its own "economy platform" to support NFTs and DAO (decentralised autonomous organisation). Founded in 2000,

Wemade mainly develops games for PC and mobile, with its Legend of Mir MMORPG series proving to be quite successful on the platforms. It's most recent entry Mir 4 has apparently "become the world's first well-made blockbuster blockchain game since the company entered the blockchain industry in 2018."

NFTs look to be making their way into games across all platforms now, such as Gunzilla's upcoming battle royale game Off the Grid. We recently spoke with the developer's CEO about how the technology behind NFTs can be used positively for players, such as making this upcoming shooter completely free-to-play.


Last modified on 03 November 2022
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