Microsoft Buys Into Korean Blockchain Game Company

Microsoft Buys Into Korean Blockchain Game Company https://ift.tt/4kuJ1Tz

Wemade, the Korean blockchain-focused studio behind the Mir series of MMOs, has announced that its most recent investment round raised $46 million from a number of companies, including Microsoft, VGC reports. Microsoft has invested $14.8 million in Wemade by purchasing convertible bonds.

Korean studio Wemade was founded in 2000 to develop PC and mobile titles, including the MMO Legend of Mir. As of 2018 the company started to develop blockchain technology, resulting in the launch of a blockchain mainnet called Wemix.

Wemade launched its latest title Mir 4 with blockchain support, including in-game NFTs and its own token called DRACO. The company bills its latest title as "the world’s first well-made blockbuster blockchain game since the company entered the blockchain industry in 2018," though its ambitions extend beyond the world of Mir and into the games industry at large. The company says it aims to "transform everyday games with blockchain technology and establish its Wemix coin as a key currency in the blockchain gaming space."

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