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Seoul, South Korea, 15th March, 2023, Chainwire
Wemade Co., Ltd (KOSDAQ:112040), one of the largest publicly-listed gaming companies in South Korea with a market capitalization of US$1.4 billion, has introduced a strategic partnership with Space and Time (SxT), a frontrunner in decentralized information warehousing. The partnership will permit Wemade to power its blockchain and gaming providers with Space and Time’s decentralized suite of developer tools.
Today, Wemade services more than 20 different play-to-earn (P2E) games across all genres, together with MIR M and the world’s no. 1 blockchain recreation MIR4, on its world open blockchain gaming platform WEMIX PLAY. This is a half of the mega-ecosystem that its blockchain developer subsidiary, WEMIX is constructing which encompasses its personal mainnet, WEMIX 3.zero; an in depth range of companies like NFTs and DeFi; and WEMIX coin – the bridge that connects all the components of the mega-ecosystem. WEMIX has also announced plans to launch an Ethereum layer-2 utilizing zero information proof (ZKP) protocols that may enhance scalability whereas still ensuring users’ privateness and security. Space and Time and Wemade are planning to intently collaborate in the future with next-generation decentralized infrastructure for extra sturdy and scalable GameFi improvement.
“We consider that blockchain is the future of gaming, providing players larger ownership and management over their digital assets,” stated WEMIX CEO Shane Kim. “As the blockchain transformation of conventional video games continues to grow, the partnership with Space and Time will help strengthen our blockchain infrastructure capabilities and contribute to our dedication to building an inter-game economic system.”
Space and Time packages a full suite of developer tools in a single decentralized deployment. The platform offers builders with real-time, tamperproof indexed blockchain information, a hybrid transactional and analytic (HTAP) knowledge warehouse, and a serverless API gateway for simplified constructing of absolutely decentralized functions and sooner dApp time-to-market.
Queries run within the Space and Time data warehouse are verifiably tamperproof. Space and Time’s novel cryptography, Proof of SQL, permits sensible contracts to run tamperproof queries directly, opening up a wealth of powerful use circumstances constructed on blockchain technology and a completely decentralized stack.
Game developers building on Space and Time can be a part of real-time blockchain knowledge with off-chain game-generated data in a single query and join the outcomes back to good contracts on-chain. Space and Time will enable Wemade to facilitate more complicated earning schemes for its P2E video games, run tamperproof analytics in opposition to game activity, and cut back on-chain storage prices by connecting a scalable decentralized knowledge warehouse to the blockchain-based platform.
“We’re thrilled to companion with one of many largest and most respected gaming companies in the world,” mentioned Nate Holiday, CEO and Co-Founder of Space and Time. “Space and Time is committed to advancing the blockchain gaming business with essential next-generation infrastructure and developer instruments. This partnership is a huge step forward for the Web3 gaming trade. Together, Wemade and Space and Time are constructing a new blockchain gaming ecosystem to onboard the following wave of recreation developers.”
Wemade is understood for its blockbuster title The Legend of Mir 2, which is among the most successful RPG titles in the historical past of Chinese gaming. Within years of its 2002 launch in China, The Legend of Mir 2 dominated the Chinese gaming market with a 64% market share.
In addition to its Web3 GameFi initiatives, the Wemade platform also helps DEXs, NFT marketplaces, and extra on its L1 mainnet. Wemade remains committed to actively expanding its blockchain ecosystem past GameFi. By partnering with Space and Time, Wemade will provide safer and decentralized services to developers building GameFi, DeFi, and other Web3 purposes.
Wemade is a pioneering game developer from Korea, with a spotlight that shifts in direction of metaverse and blockchain (NFT, DeFi) know-how, emphasizing customized gaming experiences. Wemade strives to remodel on an everyday basis video games with blockchain know-how and set up its WEMIX coin as a key forex in the gaming trade. Wemade aims to turn into a mega-ecosystem by launching its own mainnet, WEMIX 3.zero, introducing its personal forex, $WEMIX, and offering a variety of companies and platforms that embrace DeFi and NFT, etc.
For more information, go to: https://www.wemade.com/
For media inquiries, please contact: Kevin Foo, Head of PR, [email protected]
WEMIX Pte. Ltd aims to accelerate the mass adoption of blockchain know-how by building an experience-based, platform-driven, and service-oriented mega-ecosystem to supply a wide spectrum of intuitive, handy, and easy-to-use Web3 companies. Headquartered in Singapore, WEMIX is a subsidiary of Wemade, the developer and proprietor of “The Legend of Mir” IP, a extremely profitable sport sequence with over 500 million customers.
About Space and Time
Space and Time is the first Web3-native decentralized information warehouse that joins tamperproof on-chain and off-chain data to deliver enterprise use cases to sensible contracts. Space and Time has developed a novel cryptography called Proof of SQL™ that allows builders to connect analytics directly to good contracts, opening up a wealth of highly effective new use circumstances and enterprise logic on blockchain know-how. Space and Time is built from the bottom up as a multichain data platform for Web3 developers in financial providers, gaming, DeFi, or any project requiring next-gen analytics.
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For media inquiries, please contact: Spencer Reeves, [email protected]