How South Korea’s Wemade aims to become the Steam of blockchain games
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Most Western gamers haven’t heard about South Korea’s Wemade and so you can forgive them for not knowing about the game company’s big ambitions.
Henry Chang, CEO of Wemade, wants to change all that. His ambition is to make Wemade, a company known for its Mir series of online games, into the Steam of blockchain games.
That’s a pretty bold plan, but Wemade has some things going for it. The Legend of Mir intellectual property has more than 500 million users. And its latest blockchain game, Mir4, is a hardcore game that more than four million people play every month.
Many Western gamers have rejected blockchain games as poor-quality titles that no one wants to play — or just outright scams. But with familiar gameplay that anime fans like, the Mir series has its advantages. And now Chang has launched a new blockchain gaming platform Wemix that it hopes will be the backbone of a service-oriented ecosystem for blockchain games made by other companies.
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This week, the company report that for the first quarter, Wemade reported $6.5 million in operating profit on $131 million in revenues.
Wemade recently added nine games to the Wemix blockchain gaming platform, which enables developers to launch blockchain games without much knowledge about Web3. Chang hopes that Wemix will hit 100 games on Wemix by the end of of 2022. The company has also made 22
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