WEMIX

<p>South Korean blockchain gaming publisher Wemade has been making strides to expand its ecosystem. Most recently, the company announced that it made a series of <a href="https://www.wemix.com/communication/78905e5a-0a6b-4651-b730-377b749d910a" rel="noopener noreferrer nofollow">new investments</a> and signed a <a href="https://www.wemix.com/communication/dc89f996-486f-4161-bc9f-4d4462614de1" rel="noopener noreferrer nofollow">business deal</a> with a social finance organization.</p><h2 id="header-0">Investing in the future of blockchain games</h2><p>WEMIX PTE., a Singapore-based Wemade subsidiary, said Wednesday that it has invested in five Chinese game developers through a $30 million fund aimed at fostering promising blockchain gaming companies. Mirana Ventures, the Web3-focused investment unit of the crypto exchange Bybit, is also participating in the fund as an investor. The latest investment was worth $6.4 million.</p><p>Each investee is working on a new game, ranging from massively multiplayer online role-playing games (MMORPG) to card strategy and sports games. All of these games will be onboarded to WEMIX PLAY, WEMIX’s blockchain gaming platform.</p><p>WEMIX reaffirmed its dedication to working with Chinese projects and providing the new investees with its knowledge about blockchain technology and the burgeoning Web3 market.</p><h2 id="header-1">Giving back to the community</h2><p>Meanwhile, the South Korean blockchain gaming publisher Wemade also signed a memorandum of understanding (MOU) with Social Solidarity Bank, a Korean social finance organization, to build a blockchain-based sponsorship ecosystem. Social Solidarity Bank offers microfinance and alternative finance services mainly in the form of loans and funds to economically vulnerable groups with the help of sponsors. It will be onboarding <a href="https://medium.com/&#64;coinness.gl/wemade-unveils-blockchain-powered-platform-for-various-communities-5d6cb25eb85e" rel="noopener noreferrer nofollow">Wepublic</a>, a transparent social platform based on WEMIX that allows users to create and operate their own decentralized autonomous organizations (DAOs).</p><p>Under the agreement, Wepublic’s proof of balance protocol will be integrated into Social Solidarity Bank’s social finance system to mint mirror tokens that are linked one-to-one with individual accounts. The mirror tokens will serve to help donors understand how their contributions are translated into social outcomes. Sponsors can check the status and usage of donations at any time through records of token deposits and withdrawals.</p><p>This service is set to launch next year and will be grow into a Web3 sponsorship business where sponsors will also be given the right to participate in governance voting.</p>

Wemade Expands Web3 Ecosystem Through New Collaborations

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