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 announced a strategic partnership with Space and Time (SxT), a leader in decentralized data warehousing. The partnership will allow Wemade to power its blockchain and gaming services 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, including MIR M and the world's no. 1 blockchain game MIR4, on its global open blockchain gaming platform WEMIX PLAY. This is part of the mega-ecosystem that its blockchain developer subsidiary, WEMIX is building which encompasses its own mainnet, WEMIX 3.0; an extensive range of services like NFTs and DeFi; and WEMIX coin - the bridge that connects all of the components of the mega-ecosystem. WEMIX has also announced plans to launch an Ethereum layer-2 utilizing zero knowledge proof (ZKP) protocols that will improve scalability while still ensuring users' privacy and security. Space and Time and Wemade are planning to closely collaborate in the future with next-generation decentralized infrastructure for more robust and scalable GameFi development.
"We believe that blockchain is the future of gaming, offering gamers greater ownership and control over their digital assets," said WEMIX CEO Shane Kim. "As the blockchain transformation of traditional games continues to grow, the partnership with Space and Time will help strengthen our blockchain infrastructure capabilities and contribute to our commitment to building an inter-game economy."
Space and Time packages a full suite of developer tools in a single decentralized deployment. The platform provides developers with real-time, tamperproof indexed blockchain data, a hybrid transactional and analytic (HTAP) data warehouse, and a serverless API gateway for simplified building of fully decentralized applications and faster dApp time-to-market.
Queries run in the Space and Time data warehouse are verifiably tamperproof. Space and Time’s novel cryptography, Proof of SQL, allows smart contracts to run tamperproof queries directly, opening up a wealth of powerful use cases built on blockchain technology and a fully decentralized stack.
Game developers building on Space and Time can join real-time blockchain data with off-chain game-generated data in a single query and connect the results back to smart contracts on-chain. Space and Time will enable Wemade to facilitate more complex earning schemes for its P2E games, run tamperproof analytics against game activity, and reduce on-chain storage costs by connecting a scalable decentralized data warehouse to the blockchain-based platform.
“We’re thrilled to partner with one of the biggest 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 essential next-generation 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 onboard the next wave of game developers.”
Wemade is known for its blockbuster title The Legend of Mir 2, which is one of the most successful RPG titles in the history 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 supports DEXs, NFT marketplaces, and more on its L1 mainnet. Wemade remains committed to actively expanding its 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 pioneering game developer from Korea, with a focus that shifts towards metaverse and blockchain (NFT, DeFi) technology, emphasizing personalized gaming experiences. Wemade strives to transform everyday games with blockchain technology and establish its WEMIX coin as a key 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 that embrace DeFi and NFT, etc.
For more information, visit: 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 technology by building an experience-based, platform-driven, and service-oriented mega-ecosystem to offer a wide spectrum 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 the first Web3-native decentralized data warehouse that joins tamperproof on-chain and off-chain data to deliver enterprise use cases to smart contracts. Space and Time has developed a novel cryptography 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 is built from the ground up as a multichain data platform for Web3 developers in financial services, gaming, DeFi, or any project requiring next-gen analytics.
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For media inquiries, please contact: Spencer Reeves, [email protected]