Wemade announces partnership with Space and Time to power blockchain and gaming services

by Arthur · March 15, 2023

Wemade Co., Ltd (KOSDAQ:112040), one of the largest listed gaming companies in South Korea with a market capitalization of $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.

New crypto gaming initiative

Today, Wemade offers 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 the blockchain developer’s subsidiary, WEMIX, is building, which includes its own mainnet, WEMIX 3.0; an extensive range of services such as NFTs and DeFi; and the WEMIX coin – the bridge that connects all the components of the mega-ecosystem. WEMIX has also announced plans to launch an Ethereum layer-2 using zero knowledge proof (ZKP) protocols that will improve scalability while ensuring user privacy and security. Space and Time and Wemade plan to collaborate closely in the future with next-generation decentralized infrastructure for more robust and scalable GameFi development. WEMIX CEO Shane Kim said:

“We believe blockchain is the future of gaming, offering players 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 economy between games.”

Space and Time packs a complete suite of developer tools into a single decentralized distribution. The platform provides developers with real-time indexed blockchain data, a hybrid transactional and analytical (HTAP) data warehouse, and a serverless API gateway for simplified building of fully decentralized applications and faster dApp time-to-market.

Requests that are run in the spatial and temporal data warehouse are confirmed tamper-proof. Space and Time’s new cryptography, Proof of SQL, allows smart contracts to run tamper-proof 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 merge real-time blockchain data with game-generated off-chain data in a single query and link the results back to on-chain smart contracts. Space and time will enable Wemade to facilitate more complex monetization schemes for its P2E games, run tamper-proof analytics against game activity and reduce on-chain storage costs by connecting a scalable decentralized data warehouse to the blockchain-based platform. Nate Holiday, CEO and co-founder of Space and Time said:

“We are thrilled to partner with one of the largest 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 big step forward for the Web3 gaming industry. Together, Wemade and Space and Time are building a new blockchain gaming ecosystem to tap into the next wave of game developers.”

Wemade is known for its blockbuster title 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, Legend of Mir 2 dominated the Chinese gaming market with a market share of 64%.

In addition to the Web3 GameFi initiatives, the Wemade platform also supports DEXs, NFT marketplaces and more on the L1 network. Wemade remains committed to actively expanding the blockchain ecosystem beyond GameFi. By partnering with Space and Time, Wemade will offer more secure and decentralized services to developers building GameFi, DeFi and other Web3 applications.

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