Korean gaming and entertainment company Wemade has entered into a strategic partnership with Whampoa Digital, the digital asset investment arm of Singapore’s Whampoa Group. The partnership between the two companies aims to invest an impressive $100 million in Web3 projects. With a focus on supporting gaming studios and blockchain initiatives, this partnership marks a new development in the industry.
Collaboration and support for Web3 projects
WEMIX game, Wemade’s Web3 platform, is already making waves with more than 250,000 active players. It serves as a platform for converting traditional games into blockchain games, utilizing the benefits of blockchain technology. Additionally, the partnership between Wemade and Whampoa Digital will provide support and resources to gaming studios and blockchain projects looking to establish offices at the WEMIX Play Center in the Innovation Hub of the Dubai International Financial Centre. The center will provide state-of-the-art facilities and mentorship for these projects, with the added ecosystem support of Whampoa Digital.
Home to a diverse mix of more than 700 organizations, the DIFC Innovation Hub in the MENA region is a thriving hub for growth-stage technology companies, established innovators, digital labs, venture capital firms, regulators and educational institutions.
The collaboration between Wemade and Whampoa Digital goes beyond investments. Both companies are committed to finding and maintaining top Web3 projects. By combining their technologies and expertise, they aim to develop innovative blockchain solutions specifically tailored to the Web3 gaming sector. This collaboration aims to drive innovation in the Middle East, one of the world’s fastest growing regions in Web3.
Groundbreaking innovation in the Web3 gaming sector
Whampoa Digital operates as the technology-focused investment division of the Whampoa Group, a private investment entity owned by leading Asian families. Whampoa Digital specializes in early-stage investments in digital assets and Web3 initiatives, working with Web2 and Web3 pioneers to drive innovation and accelerate the widespread adoption of blockchain technology.
Aureole Foong, Senior Partner at Whampoa Group, expressed his excitement about the partnership’s potential to explore new horizons in the digital assets industry. “We are excited to join forces with Wemade, a gaming powerhouse. This partnership will enable us to explore new horizons in the digital assets industry beyond our already established sectors and drive innovation in the Middle East, one of the world’s fastest growing regions in Web3.”