Wemade Announces Partnership with Space and Time to Power Blockchain and Gaming Services – Cryptopolitan
Seoul, South Korea, March 15, 2023, Chainwire
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.
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.
“We believe blockchain is the future of gaming, offering players 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 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.
“We are thrilled to partner with one of the largest 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 take part in 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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Wemade is a pioneering game developer from Korea, with a focus shifting towards metaverse and blockchain technology (NFT, DeFi), with an emphasis on personalized gaming experiences. Wemade strives to transform everyday gaming 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 embracing DeFi and NFT, etc.
For more information, visit: https://www.wemade.com/
For media enquiries, please contact: Kevin Foo, Head of Public Relations, [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 provide a wide range of intuitive, convenient and user-friendly 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 combines tamper-proof on-chain and off-chain data to deliver business use cases for smart contracts. Space and Time has developed a new 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 multi-chain computing platform for Web3 developers in financial services, gaming, DeFi or any project that requires next-generation analytics.
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For media inquiries, please contact: Spencer Reeves, [email protected]