Wemade Joins Hand with Space and Time for a Strategic Partnership to Support Blockchain and Gaming Industry
A big day for the South Korean blockchain firm as Wemade Co. Ltd announces a strategic collaboration with Space and Time (SxT). With this collaboration, Wemade will be able to use the decentralized developer tools from Space and Time to power its blockchain and gaming solutions.
Wemade is a leading Korean game company that emphasizes customized gaming experiences with an emphasis on the blockchain (NFT, DeFi) and metaverse platform. Wemade aims to use blockchain technology to modify common games and make its WEMIX coin a valuable asset in the gaming sector. WEMIX 3.0, its own currency, $WEMIX, and a variety of sites and services that support DeFi and NFT, among other things, Wemade intends to develop into a mega-ecosystem.
By creating a mega-ecosystem that is experience-based, platform-driven, and service-oriented, WEMIX Pte. Ltd hopes to advance the widespread adoption of blockchain technology by providing a variety of logical, practical, and simple-to-use Web3 services. With its headquarters in Singapore, Wemade, the creator and owner of the “The Legend of Mir” IP, a hugely popular game franchise with more than 500 million users, also owns WEMIX.
The collaborator Space and Time is the first Web3-native decentralized data warehouse that combines both on-chain and off-chain data in order to bring business use cases to smart contracts. By enabling developers to attach insights directly to smart contracts, Space and Time has created a revolutionary encryption termed Proof of SQLTM, which opens up a wide range of potent new use cases. For Web3 developers working on projects needing next-generation analytics in financial services, gaming, DeFi, or any other industry, Space and Time is developed as a multichain data platform.
On its worldwide open blockchain gaming network WEMIX PLAY, Wemade offers more than 20 different play-to-earn (P2E) games among all categories, including MIR M and the top-ranked blockchain game MIR4. The mega-ecosystem includes WEMIX’s mainnet, WEMIX 3.0, a wide range of services including NFTs and DeFi, and WEMIX currency, which serves as the link between each of its essential parts. Moreover, WEMIX has revealed intentions to introduce an Ethereum layer-2 that would leverage zero-knowledge proof (ZKP) protocols to increase scalability while maintaining user confidentiality and safety.
In order to establish a more reliable and sustainable GameFi, Space and Time and Wemade intend to work closely together in the future with next-generation decentralized technology.
WEMIX CEO Shane Kim said:
“We believe that blockchain is the future of gaming, offering gamers greater ownership and control over their digital assets. 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.”
A comprehensive set of developer tools is bundled together in Space and Time for decentralized deployment. For easier creation of completely decentralized apps and quicker time-to-market for dApps, the platform offers developers real-time, indexed blockchain data, a hybrid transactional and analytic (HTAP) data warehouse, and a serverless API interface.
By enabling smart contracts to execute tamper-proof queries directly, Proof of SQL, unique encryption developed by Space and Time, opens up a wide range of potential use cases based on blockchain technology and a completely decentralized platform.
With Space and Time, game makers may combine real-time blockchain data with off-chain data created by games in a single instance and link the findings back to on-chain smart contracts. By linking a scalable decentralized data warehouse to the blockchain-based platform, Space and Time will allow Wemade to permit more dynamic earning schemes for its P2E games, conduct tamperproof analytics against game behavior, and lower on-chain expenses.
Nate Holiday, CEO of Space and Time shared his thoughts on the partnership:
“We’re thrilled to partner with one of the biggest and most respected gaming companies in the world. 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.”
The Legend of Mir 2, is one of the most popular RPG games in Chinese gaming history, and one of Wemade’s best-known blockbusters. The Legend of Mir 2 led the Chinese gaming market with a 64% market share just a few years after its release in 2002.
The Wemade system provides DEXs, NFT marketplaces, and more on its L1 mainnet in addition to its Web3 GameFi activities. Apart from GameFi, Wemade is dedicated to actively growing its blockchain network. Wemade will be able to provide developers creating GameFi, DeFi, and other Web3 applications with more secure and decentralized services as a result of their collaboration with Space and Time.
