Wemade, the Korean blockchain-focused studio behind the Mir sequence of MMOs, has introduced that its most up-to-date funding spherical raised $46 million from a variety of firms, together with Microsoft, VGC stories. Microsoft has invested $14.8 million in Wemade by buying convertible bonds.
Korean studio Wemade was based in 2000 to develop PC and cell titles, together with the MMO Legend of Mir. As of 2018 the corporate began to develop blockchain expertise, ensuing within the launch of a blockchain mainnet known as Wemix.
Wemade launched its newest title Mir 4 with blockchain assist, together with in-game NFTs and its personal token known as DRACO. The corporate payments its newest title as “the world’s first well-made blockbuster blockchain sport because the firm entered the blockchain business in 2018,” although its ambitions lengthen past the world of Mir and into the video games business at massive. The corporate says it goals to “rework on a regular basis video games with blockchain expertise and set up its Wemix coin as a key forex within the blockchain gaming area.”
Microsoft hasn’t made a press release about investing in Wemade, and the acquisition doesn’t suggest the Xbox mother or father firm has any plans to implement blockchain expertise in its personal video games at this level.
Xbox head Phil Spencer has taken a measured view on blockchain gaming because it first got here to prominence, saying final 12 months that he was cautious concerning the potential for exploitation within the NFT market. Extra lately, he expressed curiosity within the potential “participant use” of the expertise, however nonetheless remained cautious, saying “generally it is a hammer searching for a nail when these applied sciences come up.”
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