Wemade Merges Blockchain Subsidiary Wemade Tree
[Asia Economy Reporter Bu Aeri] Wemade and its subsidiary Wemade Tree are merging.
According to Wemade on the 26th, the board of directors resolved the absorption merger of its subsidiary Wemade Tree, which was in charge of the blockchain business, at the meeting held the previous day.
Wemade plans to focus its entire corporate capabilities on the metaverse business linking games and blockchain through this merger. Wemade intends to build an open platform where all games can be transformed into Play to Earn (P2E) games.
Established in January 2018, Wemade Tree has undertaken new initiatives over the past three years, including blockchain game development, platform business, and a non-fungible token (NFT) marketplace.
Wemade is being recognized for opening the P2E era by integrating a blockchain economy into its new title, "Mir4".
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Jang Hyun-guk, CEO of Wemade, said, "The growth of Mir4 is changing the paradigm of the game industry," adding, "Wemade's vision is to make WEMIX the global metaverse base currency, and this merger is the beginning of that."
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