Wemade Co., Ltd (KOSDAQ: 112040), one of the largest listed game companies in South Korea with a market capitalization of US$1.4 billion, has announced a strategic partnership with Space and Time (SxT), a leading decentralized data company. storage. The partnership will allow Wemade to run its own blockchain services and games using Space and Time’s decentralized development toolset.
Today, Wemade offers more than 20 different Play-to-Earn (P2E) games across all genres, including MIR M and Global games. 1 MIR4 blockchain game, on the open world WEMIX PLAY gaming platform. This is part of the huge ecosystem that its subsidiary WEMIX, its blockchain development company, is building which includes its own mainnet, WEMIX 3.0; a wide range of services such as NFTs and DeFi; And the WEMIX coin – the bridge that connects all components of the huge ecosystem. WEMIX has also announced plans to launch a new Ethereum Layer 2 uses zero-knowledge proof protocols (ZKP) that will improve scalability while ensuring users’ privacy and security. Space and Time and Wemade plan to collaborate closely in the future with the next generation of decentralized infrastructure in order to develop a more robust and scalable GameFi.
“We believe that blockchain is the future of gaming, giving players greater ownership and control over their digital assets.” said Shin Kim, CEO of WEMIX. “As the blockchain transformation of traditional games continues to grow, the partnership with Space and Time will help strengthen the capabilities of our blockchain infrastructure and contribute to our commitment to building an economy between games.”
Space and Time bundles a full suite of developer tools into a single decentralized deployment. The platform offers developers real-time indexed blockchain data, tamper resistance, a hybrid data warehouse for analysis and transactions (HTAP), a serverless API gateway for simplified building of fully decentralized applications and faster dApp time to market.
Queries that are run in a space and time data warehouse can be checked for tampering. The new Space and Time cryptography, Proof of SQL, allows smart contracts to run tamper-proof queries directly, opening up a wealth of powerful use cases built on blockchain technology and a fully decentralized stack.
Game developers that build on space and time can join real-time blockchain data with off-chain game-generated data into a single query and correlate the results with on-chain smart contracts. Space and Time will enable Wemade to facilitate more sophisticated earning schemes for its P2E games, run tamper-proof analytics against game activity, and reduce on-chain storage costs by connecting a scalable, decentralized data warehouse to the blockchain-based platform.
“We are thrilled to partner with one of the largest and most respected gaming companies in the world.” said Nate Holiday, CEO and co-founder of Space and Time. “Space and Time is committed to advancing the blockchain gaming industry with next-generation core infrastructure and developer tools. This partnership is a huge step forward for the Web3 gaming industry. Together, Wemade and Space and Time are building a new blockchain gaming ecosystem to set the wave. following from game developers.
Wemade is known for its popular title The legend of Mir 2, which is one of the most successful RPG titles in Chinese gaming history. Within years of its launch in 2002 in China, The legend of Mir 2 Dominate the Chinese gaming market with a market share of 64%.
In addition to its Web3 GameFi initiatives, the Wemade platform also supports DEXs, NFT marketplaces, and more on its L1 mainnet. Wemade remains committed to actively expanding the blockchain ecosystem beyond GameFi. By partnering with Space and Time, Wemade will provide more secure and decentralized services to developers building GameFi, DeFi and other Web3 applications.
Wemade is a leading game developer from Korea, with a focus shifting towards metaverse and blockchain technology (NFT, DeFi), focusing on personalized gaming experiences. Wemade strives to transform everyday gaming with blockchain technology and establish WEMIX currency as the main currency in the gaming industry. Wemade aims to become a mega ecosystem by launching its own mainnet, WEMIX 3.0, introducing its own currency, $WEMIX, and offering a wide range of services and platforms incubating DeFi, NFT, etc.
For more information, visit: https://www.wemade.com/
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WEMIX Pte. Ltd aims to accelerate mass adoption of blockchain technology by building a massive experience-driven, platform-driven, and service-oriented ecosystem to deliver a wide range of intuitive, convenient, and easy-to-use Web3 services. Headquartered in Singapore, WEMIX is a subsidiary of Wemade, the developer and owner of “The Legend of Mir” IP, a highly successful game series with over 500 million users.
about space and time
Space and Time is Web3’s first native decentralized data warehouse that combines incomplete on-chain and off-chain data to deliver enterprise use cases to smart contracts. Space and Time has developed a new cryptographic platform called Proof of SQL™ that allows developers to connect analytics directly to smart contracts, opening up a wealth of powerful new use cases and business logic on blockchain technology. Space and Time was built from the ground up as a multi-chain data platform for Web3 developers in financial services, gaming, DeFi, or any project requiring next-generation analytics.
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