Investment in Chinese Game Developers to Boost Blockchain Gaming Sphere
Singapore-based WEMIX PTE. LTD., a subsidiary of WEMADE, has made a strategic investment in five Chinese game developers to strengthen the blockchain gaming industry in China. This investment was made through a specialized blockchain gaming fund established in collaboration with Mirana Ventures on October 11, 2023. The fund, valued at $30 million, is a joint initiative with Mirana Ventures, an investment arm of the global digital asset exchange, Bybit.
Financial Allocation and Future Endeavors
Out of the $30 million fund, $6.4 million has been utilized for this investment venture. The fund was initiated in March 2023 with the aim of nurturing promising blockchain gaming enterprises and expanding the WEMIX3.0 ecosystem. The investee companies are developing games across various genres including MMORPG, card battle, sports, and strategy simulation. This diverse range of gaming genres showcases the opportunities that blockchain technology can offer in the gaming industry.
Games on WEMIX PLAY and Continued Partnership
All five games being developed will be featured on WEMIX PLAY, a blockchain gaming platform within the WEMIX3.0 ecosystem. More details about these games will be revealed on WEMIX PLAY in due course. WEMIX PTE. LTD. and Mirana Ventures are actively seeking potential projects to invest in within China, leveraging their expertise in the blockchain market to expedite the market entry and success of these blockchain-based games.
Continued Investment and Industry Impact
This investment highlights WEMIX PTE. LTD.’s commitment to furthering its investment activities within the Chinese blockchain gaming developer community. Detailed information about the blockchain games will be available on the official website, www.wemixplay.com, once they are launched on WEMIX PLAY. This move is part of a larger trend where industry leaders like WEMADE are driving the gaming industry towards a blockchain-centric paradigm, ushering in a transformative shift in the dynamics of the gaming industry.
Hot Take: Advancing Blockchain Gaming in China
WEMIX PTE. LTD.’s strategic investment in five Chinese game developers through a specialized blockchain gaming fund demonstrates their dedication to strengthening the blockchain gaming sector in China. By collaborating with Mirana Ventures and leveraging their expertise, WEMIX aims to accelerate the market entry and success of these games. With the upcoming launch of these games on WEMIX PLAY, the official platform of the WEMIX3.0 ecosystem, players can expect an exciting lineup of blockchain-based games across various genres. This investment underscores the growing influence of blockchain technology in revolutionizing the gaming industry.
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