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 corporations, together with Microsoft, VGC studies. Microsoft has invested $14.8 million in Wemade by buying convertible bonds.
Korean studio Wemade was based in 2000 to develop PC and cellular titles, together with the MMO Legend of Mir. As of 2018 the corporate began to develop blockchain know-how, ensuing within the launch of a blockchain mainnet known as Wemix.
Wemade launched its newest title Mir 4 with blockchain help, 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 recreation 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 know-how and set up its Wemix coin as a key foreign money within the blockchain gaming area.”
Microsoft hasn’t made an announcement about investing in Wemade, and the acquisition does not imply the Xbox mum or dad firm has any plans to implement blockchain know-how 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 in regards to the potential for exploitation within the NFT market. Extra not too long ago, he expressed curiosity within the potential “participant use” of the know-how, however nonetheless remained cautious, saying “generally it is a hammer on the lookout for a nail when these applied sciences come up.”
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