Wemade

About Wemade

Wemade Co., Ltd. is a South Korean video game developer that has transitioned into a comprehensive global blockchain platform enterprise. Founded in February 2000 by Park Kwan-ho, the company initially established its reputation with the successful "Legend of Mir" MMORPG series. Park, who previously served as a development team leader at ActozSoft, took Wemade public on the Kosdaq stock exchange in 2009. A pivotal moment in the company's history was the global launch of "MIR4" in August 2021, which successfully integrated blockchain technology and pioneered the "Play and Earn" (P&E) business model, attracting over 1.3 million concurrent users.

The company's business model now extends far beyond traditional gaming, which includes mobile and PC games alongside licensing fees. A significant portion of its strategy is focused on its proprietary blockchain mainnet, WEMIX 3.0, launched in October 2022. This mega-ecosystem is built on three core pillars. The first is WEMIX Play, a blockchain gaming platform where users can play a variety of games and manage digital assets. The second, NILE (NFT Is Life Evolution), is a DAO-powered platform for creating and managing NFT projects, from art and concerts to other investments. The third pillar is WEMIX.Fi, a decentralized finance (DeFi) platform offering services like swaps, staking, and lending. Revenue is generated from game sales, licensing agreements, and various fees within its blockchain ecosystem, including transaction fees from its native WEMIX token and NFT marketplace. Wemade targets a global audience of gamers and Web3 users, with services available in over 170 countries.

The WEMIX 3.0 ecosystem provides a comprehensive suite of services. WEMIX Play serves as a one-stop platform for blockchain gaming, incorporating a digital wallet for asset management. NILE facilitates the creation of DAOs and NFT projects, such as its 'London Underground Station 264 Genesis' collection, and enables NFT-based financial services (NFTFi), allowing users to borrow and lend against their NFTs. WEMIX.Fi provides a range of crypto-asset financial services within the ecosystem. The entire platform is powered by the WEMIX token, the native cryptocurrency for transactions and governance, and the WEMIX$ stablecoin, which is collateralized by assets like USDC to ensure stability. This integrated structure aims to create a self-sustaining, service-oriented digital economy. In March 2024, founder Park Kwan-ho returned to the CEO role to lead the company's game and blockchain businesses directly.