Gaming startup Wemade, located in South Korea, has secured $46 million in a fundraising round in which Microsoft Corporation, Kiwoom Securities, and Shinhan Asset Management all took part.
Wemade, a company founded in 2000 by Kwan Ho Park, works in a variety of industries, including publishing and developing online games, licensing intellectual property, and investing.
The company has focused on its blockchain and metaverse initiatives since 2018. Its play-to-earn game, Mir4, was released last year and adds a Web3 twist to its well-known Mir IP.
Fishing Strike, Legend of Mir 2, Legend of Mir 3, and Icarus are some of its other games.
The company has also released Wemix3.0, a mainnet for its own blockchain that makes use of the DeFi technology and a collateralized stablecoin. It also has plans to introduce a decentralized autonomous organization and its NFT-compatible Nile platform.