Wemade Co., Ltd. has attracted a strategic investment of 66 billion won (about 46 million dollars). Shinhan Asset Management, Kiwoom Securities, and Microsoft participated in this investment.
Despite the uncertain macro-environment and market volatility, this investment deal draws attention as it was made by leading domestic financial investors and overseas strategic investors on favorable terms.
Jang Hyun-guk, CEO of Wemade said, “It is a meaningful deal in which reputable financial and strategic investors who had achieved excellent results participated.” He added, "WeMade and Wemix will continue to make efforts to receive more investment and actively make investment to build a global digital economy platform."
Founded in 2000, WeMade is offering several games, including Mir 4, which is based on the popular intellectual property Legend of Mir. In addition, since 2018, the company has entered the block chain business, and has achieved successes such as Mir 4 Global, the world's first well-made block-chain game.
WeMade has recently successfully launched its own block chain website WEMIX3.0, and has introduced Wemix Dollar, 100% collateralized stablecoin, and WEMIX.Fi, its DeFi (decentralized finance) platform. In addition, the company plans to launch NILE, a new economy platform that combines NFT and DAO (Decentralized Autonomous Organization) soon.
Source: Pangyo Techno Valley Official Newsroom