Korean gaming and entertainment firm Wemade has recently collaborated with Whampoa Digital, the digital asset investment branch of Singapore’s Whampoa Group. The partnership between these two firms strives to invest a remarkable $100 million in Web3 projects. With a focus on supporting gaming studios and blockchain initiatives, the partnership marks a notable development in the sector.
Partnership And Support For Web3 Projects
WEMIX Play is Wemade’s Web3 platform. It is already making waves with more Than 250,000 active players. It works as a platform for changing the traditional games into blockchain games and it leverages the benefits of blockchain technology.
Moreover, the partnership between Wemade and Whampoa Digital will offer adequate support and resources to gaming studios and blockchain projects that want to build offices at the WEMIX Play Center in Dubai International Financial Centre’s Innovation Hub. This center will provide state-of-the-art facilities and mentorship to the projects, with the added ecosystem support from Whampoa Digital.
The DIFC Innovation Hub in the MENA region is a vibrant nexus for over 700 diverse organizations. It hosts growth-stage tech companies, established innovators, digital labs, venture capital firms, regulatory agencies, and educational institutions.
This collaboration between Wemade and Whampoa Digital spreads beyond investment. Both firms are committed to looking for and nurturing the top Web3 projects. By integrating their expertise and technologies, they strive to develop innovative blockchain solutions particularly designed for the Web3 gaming industry. The partnership will boost innovation in the Middle East, one of the world’s quickest-growing regions within the Web3 space.
Leading Innovation In The Web3 Gaming Industry
Whampoa Digital functions as the technology-focused investment arm of the Whampoa Group, a privately owned investment entity owned by prominent Asian families. With a specialization in early-stage investments in digital assets and Web3 initiatives, Whampoa Digital partners with both Web2 and Web3 trailblazers to promote innovation and expedite the widespread adoption of blockchain technology.
The Senior Partner at Whampoa Group, Aureole Foong, commented and expressed excitement about the collaboration’s potential to explore new horizons in the digital asset sector:
“We are excited to be joining forces with Wemade, a powerhouse in the gaming space. This partnership will allow us to pioneer new horizons in the digital asset industry beyond our already established sectors and foster innovation in the Middle East, one of the world’s fastest-growing regions in the Web3 space.”
