Is WeMade and Wemix global business gaining momentum?
WeMade is making active moves to achieve Wemix-based blockchain business performance. In addition, there is an analysis that the Wemix business can gain momentum as the crypto winter (a cold period of virtual assets) that has been going on throughout the global market for over a year seems to be dissolving.
According to the industry, on the 12th, WeMade recruited the Klaytn Foundation to '40WONDERS', a node council partner (NCP) of the blockchain mainnet Wemix 3.0. 40 Wonders refers to a partner company that verifies and propagates transactions and blocks of the Wemix 3.0 mainnet and participates in decision-making. Currently, 20 companies are participating.
The Klaytn Foundation will contribute to the vitalization of the Wemix 3.0 mega ecosystem based on its experience in building and operating the blockchain ecosystem. In addition, it plans to create synergy to expand the base of the mainnet by carrying out various collaborations as well as governance activities.
WeMade entered into a strategic partnership with the Klaytn Foundation in 2019 for mutual participation in governance, and since then, the Klaytn Foundation has been building a close partnership, joining Wemix's blockchain game platform as a block partner.
Wemade, which has built a solid partnership, is aiming to enter the global blockchain market. In particular, the move aimed at the Middle East and North Africa (MENA) is eye-catching.
WeMade signed an MOU with the Saudi Arabian Ministry of Investment (MISA) in April. WeMade actively cooperates to grow the Saudi game industry and expand the blockchain base. MISA decided to provide all-round support for WeMade's business activities in Saudi Arabia, including various services and networking with major companies.
In addition, WeMade has established WEMIX MENA LTD in the UAE to expand its Wemix Middle East and North Africa (MENA) business, accelerating its entry into the region. Mir M Global, which was introduced in January, is attracting attention by showing positive indicators in the Middle East and elsewhere.
Wemix Mena plans to play a pivotal role in expanding business in the MENA region. Starting with Wemix Mena, WeMade plans to establish additional corporations in MENA, such as Saudi Arabia and the UAE, and carry out collaboration for blockchain business from various angles.
In Japan, which is implementing a deregulation policy for virtual assets, it is also continuing its activities little by little. WeMade will participate as a platinum level sponsor in the Japanese Web3 conference 'Webex', which will open on the 25th. Hyunguk Jang, CEO of WeMade, will give a lecture on the theme of 'The Boundaries of the Games'.
Through this conference, the company plans to announce the advanced ecosystem of Wemix 3.0 and make full-fledged advances into the Japanese blockchain market. The exhibition booth consists of contents such as ▲WEMIX PLAY ▲NILE ▲WEMIX.Fi to experience the advanced ecosystem of the Wemix 3.0 mainnet.
It is also a positive aspect that the recent favorable news related to virtual assets continues in the global market.
On the 14th, U.S. Judge Annalissa Torres, the judge in charge of the lawsuit between Ripple Labs and the U.S. Securities and Exchange Commission (SEC), ruled in summary that Ripple is not a security. It has been about 30 months since the SEC filed a lawsuit against Ripple Labs.
It is the general opinion of industry insiders that Wemix, which is experiencing securities issues due to Ripple's victory, can also partially resolve uncertainty.
In addition, Google's announcement of an amendment to allow digital assets, including NFTs, in apps and games in the app market from December 7th will also have a positive impact on the end of the long crypto winter.
Wemade's blockchain business is expected to focus on the release of the global version of Nightcrow at the end of the year. A tokenomics system is added to the global version of Nightcrow, which is released through Wemix Play. Previously, Mir 4 and 'Mir M: Vanguard & Vagabond' were successful in the global market in this way.
At the press conference for WeMade's third quarter preview on the 12th, CEO Jang explained, "Mir 4 is ranked 3rd and 4th in terms of sales in the United States and the United Kingdom despite combining a martial arts worldview with a Korean-style MMORPG that is not favored in the West."
“Looking at this, Western users seem to be interested in the blockchain game as a management game that combines the economy,” he said. expected," he said.
However, some point out that a process to increase trust, which has been weakened due to a series of incidents, is also needed. At the end of last year, Wemics was supported for transaction termination at major exchanges due to trust damage due to violation of distribution volume and poor disclosure. Afterwards, it was re-listed on Coinone in February, but it has recently been embroiled in several controversies.
WeMade's position is that it will faithfully follow the laws and systems and increase the trust of the market and the public through transparent accounting. CEO Jang emphasized, "Until now, we have disclosed the distribution volume and issuance volume every quarter, and also annotated the business report."
Wemade also introduced 'WePublic', an information sharing and decision-making platform that was recently launched under the slogan of 'Transparent Society Platform'. Regarding the content, CEO Jang said, “Social awareness of blockchain is hitting the bottom. There is even talk of paying bribes (in coins).” project," he said.
An industry insider said, "Wemade has been steadily conducting business despite various adverse events in the first half of the year. I believe that we have achieved business results even in a difficult process."
