Securities Firms Surprised by 'Wemade'... BlockChain-Based 'Mir4' Hits Jackpot

Over 80% Increase This Week Alone

[Asia Economy Reporter Gong Byung-sun] Wemade, powered by blockchain technology, is on a continuous upward trend. It is expected to further expand the related ecosystem through the release of new titles incorporating blockchain in the future.

On the 3rd, Wemade opened the market at 112,300 KRW, up 4.08% (4,400 KRW) from the previous day. It has risen for five consecutive trading days, increasing by more than 80% just this week.

The recent surge has exceeded securities firms' predictions. Although there was anticipation for MIR4 Global, which was launched in over 170 countries worldwide on the 26th, no securities firm predicted it would surpass the 100,000 KRW mark. On the 12th of last month, Shinhan Financial Investment set a target price of 72,000 KRW, while Cape Investment & Securities and Heungkuk Securities suggested 94,000 KRW.

Securities firms are cautious about further price increases given the rapid rise, but they agree that the recent surge is well-founded. Kang Seok-oh, a researcher at Heungkuk Securities, said, "More traffic than expected has poured into MIR4," adding, "Blockchain technology has played a role as content that global users can enjoy together, not limited to one region."

MIR4 is the first case in the industry where a representative title has integrated blockchain technology. In MIR4, players can obtain the virtual currency 'Draco' using the in-game currency 'Heukcheol' (Black Iron). Additionally, Draco can be converted into virtual currencies of other Wemade games or Wemade's flagship virtual currency 'Wemix.' Since Wemix is traded on cryptocurrency exchanges such as Bithumb, it can be converted into cash. A Wemade official explained, "The direction of MIR4 is to enable players to gain real profits through the game."

For this reason, users are gathering to obtain virtual currency. Due to regulations, blockchain-related content was released without such features in Korea, and users in China, where the game has not yet been released, are reportedly bypassing servers to obtain virtual currency. In fact, as of the 31st of last month, the number of concurrent users on the global gaming platform Steam reached 19,240.

It is also expected that the momentum from new titles that will expand the blockchain ecosystem will be reflected in the stock price. 'Rise of Stars,' scheduled for global official service in the second half of this year, will also incorporate blockchain. On the 1st, Wemade converted its subsidiary Wemade Max into a blockchain game developer. Researcher Kang said, "The performance of Wemade's blockchain subsidiary Wemade Tree has also begun to be recognized in the other segment," adding, "We expect future reflection of results from new business growth."

This content was produced with the assistance of AI translation services.