Wemade, a South Korea-based gaming company, has raised US$46 million in a funding round that saw participation from Shinhan Asset Management, Kiwoom Securities, and Microsoft Corporation.
Founded in 2000 by Kwan Ho Park, Wemade occupies a number of verticals, namely online game development and publishing, intellectual property licensing, and investment.
Since 2018, the firm has emphasized its metaverse and blockchain efforts. Launched last year, its play-to-earn game, Mir4, puts a Web3 twist on its popular Mir IP.
Its other games include Fishing Strike, Legend of Mir 2, Legend of Mir 3, and Icarus.
The firm has also launched its own blockchain mainnet, Wemix3.0, which uses a collateralized stablecoin and DeFi platform. It is also planning to launch its Nile platform, which will be compatible with NFTs, and a decentralized autonomous organization.